<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS 6-MOS <FISCAL-YEAR-END> DEC-31-1997 DEC-31-1996 <PERIOD-START> JAN-01-1997 JAN-01-1996 <PERIOD-END> JUN-30-1997 JUN-30-1996 <CASH> 34,296 0 <SECURITIES> 0 0 <RECEIVABLES> 3,985 4,670 <ALLOWANCES> (226) (1,628) <INVENTORY> 0 0 <CURRENT-ASSETS> 0 0 <PP&E> 450,631 227,337 <DEPRECIATION> (114,334) (109,668) <TOTAL-ASSETS> 410,231 128,339 <CURRENT-LIABILITIES> 0 0 <BONDS> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 145 0 <OTHER-SE> 166,713 128,339 <TOTAL-LIABILITY-AND-EQUITY> 410,231 128,339 <SALES> 0 0 <TOTAL-REVENUES> 26,594 19,853 <CGS> 0 0 <TOTAL-COSTS> 13,245 10,322 <OTHER-EXPENSES> 0 0 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 5,972 10,726 <INCOME-PRETAX> 7,377 (1,195) <INCOME-TAX> 0 0 <INCOME-CONTINUING> 7,377 (1,195) <DISCONTINUED> 0 0 <EXTRAORDINARY> 3,204 20,095 <CHANGES> 0 0 <NET-INCOME> 9,462<F1> 18,900 <EPS-PRIMARY> 0 0 <EPS-DILUTED> 0 0 <FN> <F1>NET INCOME IS AFTER EQUITY IN INCOME OF UNCONSOLIDATED SUBSIDIARY $135 AND MINORITY INTEREST ($1,254). </FN>