<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONATINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE MARCH 31, 1996 UNAUDITED FINANCIAL STATEMENTS OF THE COMPANY AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL INFORMATION. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 2,081,627 <SECURITIES> 0 <RECEIVABLES> 10,768,128 <ALLOWANCES> 623,000 <INVENTORY> 231,964 <CURRENT-ASSETS> 15,422,197 <PP&E> 40,505,148 <DEPRECIATION> 21,406,793 <TOTAL-ASSETS> 113,544,651 <CURRENT-LIABILITIES> 12,338,344 <BONDS> 84,396,637 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 9,862,594 <OTHER-SE> 2,411,757 <TOTAL-LIABILITY-AND-EQUITY> 113,544,651 <SALES> 0 <TOTAL-REVENUES> 17,026,579 <CGS> 0 <TOTAL-COSTS> 14,348,767 <OTHER-EXPENSES> (63,514) <LOSS-PROVISION> 210,941 <INTEREST-EXPENSE> 2,229,115 <INCOME-PRETAX> 512,211 <INCOME-TAX> 201,000 <INCOME-CONTINUING> 311,211 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 311,211 <EPS-PRIMARY> .07 <EPS-DILUTED> .07