<ARTICLE> 5 <PERIOD-TYPE> 3-MOS 3-MOS <FISCAL-YEAR-END> DEC-31-1999 DEC-31-1998 <PERIOD-END> MAR-31-2000 MAR-31-1999 <CASH> 7,004,215 3,003,190 <SECURITIES> 80,840,517 35,624,776 <RECEIVABLES> 17,109,606 18,151,592 <ALLOWANCES> 107,500 107,500 <INVENTORY> 2,877,088 2,411,754 <CURRENT-ASSETS> 32,335,915 25,679,410 <PP&E> 227,664,921 198,889,676 <DEPRECIATION> 108,160,396 97,618,174 <TOTAL-ASSETS> 269,726,488 198,851,099 <CURRENT-LIABILITIES> 19,910,205 19,418,307 <BONDS> 25,000,000 20,000,000 <PREFERRED-MANDATORY> 112,500 125,000 <PREFERRED> 397,000 405,100 <COMMON> 39,885,586 36,715,548 <OTHER-SE> 138,624,955 95,644,229 <TOTAL-LIABILITY-AND-EQUITY> 269,726,488 198,851,099 <SALES> 0 0 <TOTAL-REVENUES> 27,942,307 25,332,224 <CGS> 0 0 <TOTAL-COSTS> 22,901,729 20,092,832 <OTHER-EXPENSES> (4,275,366) (2,071,101) <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 540,895 849,159 <INCOME-PRETAX> 8,775,049 6,461,334 <INCOME-TAX> 3,474,042 2,591,286 <INCOME-CONTINUING> 5,301,007 3,870,048 <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 5,301,007 3,870,048 <EPS-BASIC> 0.28 0.21 <EPS-DILUTED> 0.28 0.21