<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> OCT-31-1996 <PERIOD-START> NOV-01-1995 <PERIOD-END> APR-30-1996 <CASH> 1,752 <SECURITIES> 0 <RECEIVABLES> 14,531 <ALLOWANCES> 872 <INVENTORY> 0 <CURRENT-ASSETS> 18,245 <PP&E> 183,270 <DEPRECIATION> 81,888 <TOTAL-ASSETS> 142,360 <CURRENT-LIABILITIES> 17,081 <BONDS> 151,673 <COMMON> 24 <PREFERRED-MANDATORY> 0 <PREFERRED> 3,649 <OTHER-SE> (31,961) <TOTAL-LIABILITY-AND-EQUITY> 142,360 <SALES> 56,261 <TOTAL-REVENUES> 56,645 <CGS> 0 <TOTAL-COSTS> 20,893 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 621 <INTEREST-EXPENSE> 7,852 <INCOME-PRETAX> 5,451 <INCOME-TAX> 2,190 <INCOME-CONTINUING> 3,261 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,261 <EPS-PRIMARY> .11 <EPS-DILUTED> .11