<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> SEP-30-1996 <CASH> 2,168,609 <SECURITIES> 0 <RECEIVABLES> 7,768,670 <ALLOWANCES> 115,058 <INVENTORY> 0 <CURRENT-ASSETS> 13,779,668 <PP&E> 92,060,330 <DEPRECIATION> 11,833,560 <TOTAL-ASSETS> 102,784,818 <CURRENT-LIABILITIES> 11,192,942 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 57,951 <OTHER-SE> 20,631,454 <TOTAL-LIABILITY-AND-EQUITY> 102,784,818 <SALES> 0 <TOTAL-REVENUES> 59,133,001 <CGS> 0 <TOTAL-COSTS> 20,660,503 <OTHER-EXPENSES> 1,487,135 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,868,878 <INCOME-PRETAX> 15,518,542 <INCOME-TAX> 0 <INCOME-CONTINUING> 15,518,542 <DISCONTINUED> (254,009) <EXTRAORDINARY> (2,396,731) <CHANGES> 0 <NET-INCOME> 12,867,802 <EPS-PRIMARY> 2.11 <EPS-DILUTED> 0