<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 1,224,347 <SECURITIES> 0 <RECEIVABLES> 12,931,115 <ALLOWANCES> 0 <INVENTORY> 2,039,345 <CURRENT-ASSETS> 16,544,424 <PP&E> 137,703,150 <DEPRECIATION> 42,032,163 <TOTAL-ASSETS> 148,447,529 <CURRENT-LIABILITIES> 13,089,700 <BONDS> 24,606,160 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 43,420,269 <OTHER-SE> 47,035,233 <TOTAL-LIABILITY-AND-EQUITY> 148,447,529 <SALES> 0 <TOTAL-REVENUES> 59,009,958 <CGS> 0 <TOTAL-COSTS> 39,597,750 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,066,578 <INCOME-PRETAX> 20,066,122 <INCOME-TAX> 7,398,495 <INCOME-CONTINUING> 12,220,932 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 12,220,932 <EPS-PRIMARY> 0.94 <EPS-DILUTED> 0.94