<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM the JUNE 30, 1996 UNAUDITED FINANCIAL STATEMENTS OF THE COMPANY </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> JUN-30-1996 <CASH> 1,287,096 <SECURITIES> 0 <RECEIVABLES> 11,354,791 <ALLOWANCES> 537,000 <INVENTORY> 109,028 <CURRENT-ASSETS> 14,480,602 <PP&E> 40,178,694 <DEPRECIATION> 21,380,407 <TOTAL-ASSETS> 112,515,632 <CURRENT-LIABILITIES> 10,943,036 <BONDS> 82,845,688 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 10,000,365 <OTHER-SE> 3,812,919 <TOTAL-LIABILITY-AND-EQUITY> 112,515,632 <SALES> 0 <TOTAL-REVENUES> 35,513,693 <CGS> 0 <TOTAL-COSTS> 28,202,481 <OTHER-EXPENSES> (81,361) <LOSS-PROVISION> 229,681 <INTEREST-EXPENSE> 4,444,878 <INCOME-PRETAX> 2,947,695 <INCOME-TAX> 1,146,000 <INCOME-CONTINUING> 1,801,695 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,801,695 <EPS-PRIMARY> 0.39 <EPS-DILUTED> 0.38