<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> JUN-30-1997 <CASH> 38,409,000 <SECURITIES> 1,275,000 <RECEIVABLES> 20,129,000 <ALLOWANCES> 780,000 <INVENTORY> 0 <CURRENT-ASSETS> 89,718,000 <PP&E> 407,808,000 <DEPRECIATION> 130,724,000 <TOTAL-ASSETS> 426,098,000 <CURRENT-LIABILITIES> 80,654,000 <BONDS> 122,618,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 28,000 <COMMON> 2,380,000 <OTHER-SE> 214,199,000 <TOTAL-LIABILITY-AND-EQUITY> 426,098,000 <SALES> 6,860,000 <TOTAL-REVENUES> 73,139,000 <CGS> 8,819,000 <TOTAL-COSTS> 59,359,000 <OTHER-EXPENSES> 5,843,000 <LOSS-PROVISION> 75,000 <INTEREST-EXPENSE> 129,000 <INCOME-PRETAX> 7,808,000 <INCOME-TAX> 3,100,000 <INCOME-CONTINUING> 4,708,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 4,708,000 <EPS-PRIMARY> 0.20 <EPS-DILUTED> 0.20