<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> SEP-30-1996 <CASH> 940,000 <SECURITIES> 0 <RECEIVABLES> 1,470,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 5,470,000 <PP&E> 37,339,000 <DEPRECIATION> 7,181,000 <TOTAL-ASSETS> 42,637,000 <CURRENT-LIABILITIES> 12,191,000 <BONDS> 22,327,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 12,000 <OTHER-SE> 7,970,000 <TOTAL-LIABILITY-AND-EQUITY> 42,637,000 <SALES> 0 <TOTAL-REVENUES> 48,948,000 <CGS> 0 <TOTAL-COSTS> 40,847,000 <OTHER-EXPENSES> 7,005,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,528,000 <INCOME-PRETAX> 1,747,000 <INCOME-TAX> 432,000 <INCOME-CONTINUING> 1,315,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,315,000 <EPS-PRIMARY> 0.89 <EPS-DILUTED> 0.84