<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> DEC-31-1996 <CASH> 17,416 <SECURITIES> 14,528 <RECEIVABLES> 12,536 <ALLOWANCES> 0 <INVENTORY> 1,732 <CURRENT-ASSETS> 53,927 <PP&E> 563,512 <DEPRECIATION> 51,866 <TOTAL-ASSETS> 567,837 <CURRENT-LIABILITIES> 40,267 <BONDS> 202,100 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 275,979 <TOTAL-LIABILITY-AND-EQUITY> 567,837 <SALES> 0 <TOTAL-REVENUES> 182,955 <CGS> 0 <TOTAL-COSTS> 114,171 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 21,854 <INCOME-PRETAX> 49,337 <INCOME-TAX> 0 <INCOME-CONTINUING> 49,337 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 49,337 <EPS-PRIMARY> 4.05 <EPS-DILUTED> 4.04