<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE COMPANY'S CONSOLIDATED FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1997 <CASH> 547 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 547 <PP&E> 246,576 <DEPRECIATION> (83,927) <TOTAL-ASSETS> 164,071 <CURRENT-LIABILITIES> 28,195 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 10,071 <TOTAL-LIABILITY-AND-EQUITY> 164,071 <SALES> 8,064 <TOTAL-REVENUES> 8,064 <CGS> 0 <TOTAL-COSTS> 5,582 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,039 <INCOME-PRETAX> (557) <INCOME-TAX> 0 <INCOME-CONTINUING> (557) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (557) <EPS-PRIMARY> (0.13) <EPS-DILUTED> (0.13)