<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE COMPANY'S FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1996 <CASH> 5,051 <SECURITIES> 5,202 <RECEIVABLES> 144,812 <ALLOWANCES> 0 <INVENTORY> 31,085 <CURRENT-ASSETS> 201,355 <PP&E> 1,320,319 <DEPRECIATION> 243,426 <TOTAL-ASSETS> 1,367,329 <CURRENT-LIABILITIES> 74,807 <BONDS> 70,000 <COMMON> 683 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 1,098,237 <TOTAL-LIABILITY-AND-EQUITY> 1,367,329 <SALES> 0 <TOTAL-REVENUES> 253,851 <CGS> 0 <TOTAL-COSTS> 147,754<F1> <OTHER-EXPENSES> 33,787<F2> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 104 <INCOME-PRETAX> 72,914 <INCOME-TAX> 21,160 <INCOME-CONTINUING> 51,754 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 51,754 <EPS-PRIMARY> 0.92 <EPS-DILUTED> 0.92 <FN> <F1>INCLUDES CONTRACT DRILLING EXPENSES ONLY. <F2>INCLUDES OTHER OPERATING EXPENSES. </FN>