<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> DEC-31-1997 <CASH> 1,603 <SECURITIES> 0 <RECEIVABLES> 16,563 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 21,652 <PP&E> 368,526 <DEPRECIATION> 94,387 <TOTAL-ASSETS> 352,583 <CURRENT-LIABILITIES> 21,624 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 403 <OTHER-SE> 232,018 <TOTAL-LIABILITY-AND-EQUITY> 352,583 <SALES> 73,827 <TOTAL-REVENUES> 73,827 <CGS> 0 <TOTAL-COSTS> 124,295 <OTHER-EXPENSES> (258) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,524 <INCOME-PRETAX> (51,734) <INCOME-TAX> (18,267) <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (33,467) <EPS-PRIMARY> (.99) <EPS-DILUTED> (.99)