<ARTICLE> 5 <LEGEND> Financial Data Schedule </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> MAR-31-1995 <CASH> 7,221 <SECURITIES> 0 <RECEIVABLES> 9,899 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 17,907 <PP&E> 509,598 <DEPRECIATION> (291,582) <TOTAL-ASSETS> 245,354 <CURRENT-LIABILITIES> 18,479 <BONDS> 244,600 <COMMON> 2,854 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (30,969) <TOTAL-LIABILITY-AND-EQUITY> 245,354 <SALES> 8,844 <TOTAL-REVENUES> 8,844 <CGS> 0 <TOTAL-COSTS> 7,703 <OTHER-EXPENSES> 1,601 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 7,157 <INCOME-PRETAX> (7,617) <INCOME-TAX> 0 <INCOME-CONTINUING> (7,617) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (7,617) <EPS-PRIMARY> (.28) <EPS-DILUTED> (.28)