<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 9,825,000 <SECURITIES> 5,135,000 <RECEIVABLES> 7,322,000 <ALLOWANCES> 787,000 <INVENTORY> 0 <CURRENT-ASSETS> 35,821,000 <PP&E> 213,493,000 <DEPRECIATION> 83,502,000 <TOTAL-ASSETS> 199,514,000 <CURRENT-LIABILITIES> 30,156,000 <BONDS> 323,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 28,000 <COMMON> 1,838,000 <OTHER-SE> 155,518,000 <TOTAL-LIABILITY-AND-EQUITY> 199,514,000 <SALES> 2,543,000 <TOTAL-REVENUES> 26,815,000 <CGS> 4,027,000 <TOTAL-COSTS> 25,315,000 <OTHER-EXPENSES> 2,884,000 <LOSS-PROVISION> 25,000 <INTEREST-EXPENSE> 64,000 <INCOME-PRETAX> (1,470,000) <INCOME-TAX> (575,000) <INCOME-CONTINUING> (895,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (895,000) <EPS-PRIMARY> (0.07) <EPS-DILUTED> (0.07)