<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the Balance at June 30, 1998 (Unaudited) and the Statements of Operations for the six months ended June 30, 1998 (Unaudited) and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS 6-MOS <FISCAL-YEAR-END> DEC-31-1998 DEC-31-1997 <PERIOD-START> JAN-01-1998 JAN-01-1997 <PERIOD-END> JUN-30-1998 JUN-30-1997 <CASH> 3,343 0 <SECURITIES> 0 0 <RECEIVABLES> 0 0 <ALLOWANCES> 0 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 7,939 10 <PP&E> 229,256 180,006 <DEPRECIATION> (18,099) (10,619) <TOTAL-ASSETS> 222,439 169,968 <CURRENT-LIABILITIES> 4,366 2,686 <BONDS> 142,000 8,578 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 0 0 <OTHER-SE> 76,073 158,703 <TOTAL-LIABILITY-AND-EQUITY> 222,439 169,968 <SALES> 19,042 14,550 <TOTAL-REVENUES> 19,273 14,671 <CGS> 6,893 5,143 <TOTAL-COSTS> 6,893 5,143 <OTHER-EXPENSES> 4,114 3,033 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 5,158 745 <INCOME-PRETAX> 2,370 5,163 <INCOME-TAX> 0 0 <INCOME-CONTINUING> 2,370 5,163 <DISCONTINUED> 0 0 <EXTRAORDINARY> (86) 0 <CHANGES> 0 0 <NET-INCOME> 2,284 5,163 <EPS-PRIMARY> 0 0 <EPS-DILUTED> 0 0