<ARTICLE> 5 <RESTATED> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 2,885,719 <SECURITIES> 0 <RECEIVABLES> 10,127,654 <ALLOWANCES> 0 <INVENTORY> 2,035,761 <CURRENT-ASSETS> 15,393,131 <PP&E> 126,082,612 <DEPRECIATION> 39,185,927 <TOTAL-ASSETS> 136,420,945 <CURRENT-LIABILITIES> 11,512,281 <BONDS> 21,650,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 43,378,440 <OTHER-SE> 40,504,202 <TOTAL-LIABILITY-AND-EQUITY> 136,420,945 <SALES> 0 <TOTAL-REVENUES> 13,466,048 <CGS> 0 <TOTAL-COSTS> 8,979,707 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 299,163 <INCOME-PRETAX> 4,235,904 <INCOME-TAX> 1,611,006 <INCOME-CONTINUING> 2,479,926 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,479,926 <EPS-PRIMARY> 0.191 <EPS-DILUTED> 0.190