<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 4,260 <SECURITIES> 11,769 <RECEIVABLES> 9,204 <ALLOWANCES> 0 <INVENTORY> 7,355 <CURRENT-ASSETS> 36,184 <PP&E> 251,019 <DEPRECIATION> (56,282) <TOTAL-ASSETS> 233,487 <CURRENT-LIABILITIES> 14,234 <BONDS> 60,920 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 204 <OTHER-SE> 142,689 <TOTAL-LIABILITY-AND-EQUITY> 233,487 <SALES> 21,513 <TOTAL-REVENUES> 21,513 <CGS> 18,418 <TOTAL-COSTS> 19,141 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 772<F1> <INCOME-PRETAX> 1,600 <INCOME-TAX> (616) <INCOME-CONTINUING> 984 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 984 <EPS-PRIMARY> $0.05 <EPS-DILUTED> $0.05 <FN> <F1> NET OF INTEREST INCOME OF $256 </FN>