<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 10,683,000 <SECURITIES> 0 <RECEIVABLES> 1,272,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 12,204,000 <PP&E> 88,062,000 <DEPRECIATION> 29,689,000 <TOTAL-ASSETS> 71,200,000 <CURRENT-LIABILITIES> 3,815,000 <BONDS> 42,612,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 24,473,000 <TOTAL-LIABILITY-AND-EQUITY> 70,900,000 <SALES> 0 <TOTAL-REVENUES> 5,407,000 <CGS> 0 <TOTAL-COSTS> 3,761,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,093,000 <INCOME-PRETAX> (318,000) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (318,000) <EPS-PRIMARY> (5.00) <EPS-DILUTED> 0.00