<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 41,083 <SECURITIES> 0 <RECEIVABLES> 302,410 <ALLOWANCES> 0<F1> <INVENTORY> 36,933 <CURRENT-ASSETS> 424,098 <PP&E> 1,929,621 <DEPRECIATION> 0<F1> <TOTAL-ASSETS> 2,554,752 <CURRENT-LIABILITIES> 835,973 <BONDS> 667,892 <COMMON> 112,054 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 586,093 <TOTAL-LIABILITY-AND-EQUITY> 2,554,752 <SALES> 0 <TOTAL-REVENUES> 605,635 <CGS> 0 <TOTAL-COSTS> 638,584 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 22,706 <INCOME-PRETAX> (57,879) <INCOME-TAX> (22,631) <INCOME-CONTINUING> (35,248) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (35,248) <EPS-PRIMARY> (1.01) <EPS-DILUTED> 0 <FN> <F1>Not separately identified in the Consolidated Financial Statements or accompanying notes thereto. </FN>