<ARTICLE> 5 <MULTIPLIER> 1 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 720,000 <SECURITIES> 0 <RECEIVABLES> 7,796,000 <ALLOWANCES> 165,000 <INVENTORY> 0 <CURRENT-ASSETS> 11,143,000 <PP&E> 114,685,000 <DEPRECIATION> 32,733,000 <TOTAL-ASSETS> 99,004,000 <CURRENT-LIABILITIES> 19,819,000 <BONDS> 19,600,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 517,000 <COMMON> 26,000 <OTHER-SE> 28,394,000 <TOTAL-LIABILITY-AND-EQUITY> 99,004,000 <SALES> 0 <TOTAL-REVENUES> 13,989,000 <CGS> 0 <TOTAL-COSTS> 11,275,000 <OTHER-EXPENSES> 2,321,000 <LOSS-PROVISION> 59,000 <INTEREST-EXPENSE> 659,000 <INCOME-PRETAX> (215,000) <INCOME-TAX> (90,000) <INCOME-CONTINUING> (125,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (125,000) <EPS-PRIMARY> (.05) <EPS-DILUTED> (.05)