<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 2,760 <SECURITIES> 17,671 <RECEIVABLES> 11,168 <ALLOWANCES> 0 <INVENTORY> 1,418 <CURRENT-ASSETS> 16,282 <PP&E> 278,258 <DEPRECIATION> 105,941 <TOTAL-ASSETS> 206,789 <CURRENT-LIABILITIES> 13,419 <BONDS> 78,294 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 27,347 <OTHER-SE> 74,073 <TOTAL-LIABILITY-AND-EQUITY> 206,789 <SALES> 18,355 <TOTAL-REVENUES> 18,567 <CGS> 5,976 <TOTAL-COSTS> 9,015 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,360 <INCOME-PRETAX> 2,216 <INCOME-TAX> 705 <INCOME-CONTINUING> 1,511 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,511 <EPS-PRIMARY> .17 <EPS-DILUTED> .17