<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM SEPTEMBER 30, 1996 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> SEP-30-1996 <CASH> 5,019,569 <SECURITIES> 0 <RECEIVABLES> 1,531,685 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 7,640,597 <PP&E> 34,294,523 <DEPRECIATION> 6,373,022 <TOTAL-ASSETS> 38,209,501 <CURRENT-LIABILITIES> 7,304,258 <BONDS> 0 <PREFERRED-MANDATORY> 33,570 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 10,404,990 <TOTAL-LIABILITY-AND-EQUITY> 38,209,501 <SALES> 13,478,930 <TOTAL-REVENUES> 13,606,467 <CGS> 0 <TOTAL-COSTS> 9,487,159 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,447,102 <INCOME-PRETAX> 2,672,206 <INCOME-TAX> 736,000 <INCOME-CONTINUING> 1,936,206 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,936,206 <EPS-PRIMARY> .50 <EPS-DILUTED> 0