<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-K
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                                                  
<PERIOD-TYPE>                   YEAR                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1997             DEC-31-1996
<PERIOD-START>                             JAN-01-1997             JAN-01-1996
<PERIOD-END>                               DEC-31-1997             DEC-31-1996
<CASH>                                           8,929                       0
<SECURITIES>                                         0                       0
<RECEIVABLES>                                    7,875                   4,670
<ALLOWANCES>                                     (508)                 (1,628)
<INVENTORY>                                          0                       0
<CURRENT-ASSETS>                                     0                       0
<PP&E>                                         834,690                 227,337
<DEPRECIATION>                               (121,780)               (109,668)
<TOTAL-ASSETS>                                 757,654                 128,339
<CURRENT-LIABILITIES>                                0                       0
<BONDS>                                              0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                           245                       0
<OTHER-SE>                                     396,905                       0
<TOTAL-LIABILITY-AND-EQUITY>                   757,654                 128,339
<SALES>                                              0                       0
<TOTAL-REVENUES>                                69,182                  39,176
<CGS>                                                0                       0
<TOTAL-COSTS>                                   32,601                  24,151
<OTHER-EXPENSES>                                     0                       0
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                              11,633                  21,853
<INCOME-PRETAX>                                 21,558                 (6,828)
<INCOME-TAX>                                         0                       0
<INCOME-CONTINUING>                                  0                       0
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                  3,204                  20,095
<CHANGES>                                            0                       0
<NET-INCOME>                                    24,762                  13,267
<EPS-PRIMARY>                                     1.20                       0
<EPS-DILUTED>                                     1.19                       0