<ARTICLE> 5 <LEGEND> FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 1996 </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS 12-MOS <FISCAL-YEAR-END> DEC-31-1996 DEC-31-1996 <PERIOD-START> OCT-01-1996 JAN-01-1996 <PERIOD-END> DEC-31-1996 DEC-31-1996 <CASH> 8,859 8,859 <SECURITIES> 0 0 <RECEIVABLES> 8,164 8,164 <ALLOWANCES> (50) (50) <INVENTORY> 0 0 <CURRENT-ASSETS> 17,285 17,285 <PP&E> 192,627 192,627 <DEPRECIATION> (87,345) (87,345) <TOTAL-ASSETS> 122,864 122,864 <CURRENT-LIABILITIES> 15,339 15,339 <BONDS> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 86 86 <OTHER-SE> 65,579 65,579 <TOTAL-LIABILITY-AND-EQUITY> 122,864 122,864 <SALES> 8,957 29,718 <TOTAL-REVENUES> 9,321 31,546 <CGS> 0 0 <TOTAL-COSTS> 6,201 23,968 <OTHER-EXPENSES> 29 46 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 796 3,391 <INCOME-PRETAX> 2,520 6,051 <INCOME-TAX> 680 1,807 <INCOME-CONTINUING> 2,520 6,051 <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 1,840 4,244 <EPS-PRIMARY> .21 .49 <EPS-DILUTED> .21 .49