<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 15,817,123 <SECURITIES> 0 <RECEIVABLES> 14,988,143 <ALLOWANCES> 0 <INVENTORY> 4,626,699 <CURRENT-ASSETS> 35,600,588 <PP&E> 329,639,649 <DEPRECIATION> (121,060,795) <TOTAL-ASSETS> 253,739,534 <CURRENT-LIABILITIES> 35,948,214 <BONDS> 150,000,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 49,041 <OTHER-SE> 60,235,267 <TOTAL-LIABILITY-AND-EQUITY> 253,739,534 <SALES> 310,079,118 <TOTAL-REVENUES> 316,767,901 <CGS> 267,009,554 <TOTAL-COSTS> 326,497,659 <OTHER-EXPENSES> (3,031,068) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 12,248,062 <INCOME-PRETAX> (17,980,142) <INCOME-TAX> 0 <INCOME-CONTINUING> (17,980,142) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (17,980,142) <EPS-PRIMARY> 0 <EPS-DILUTED> 0