<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM BALANCE SHEET AS OF SEPTEMBER 30, 1997, AND STATEMENT OF INCOME FOR THREE MONTHS ENDED SEPTEMBER 30, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> JUN-30-1998 <PERIOD-START> JUL-01-1997 <PERIOD-END> SEP-30-1997 <CASH> 55,782 <SECURITIES> 85,478 <RECEIVABLES> 77,293 <ALLOWANCES> 346 <INVENTORY> 4,625 <CURRENT-ASSETS> 223,773 <PP&E> 1,155,587 <DEPRECIATION> 466,288 <TOTAL-ASSETS> 931,669 <CURRENT-LIABILITIES> 123,949 <BONDS> 508,971 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 704 <OTHER-SE> 290,504 <TOTAL-LIABILITY-AND-EQUITY> 931,669 <SALES> 72,532 <TOTAL-REVENUES> 78,410 <CGS> 64,322 <TOTAL-COSTS> 72,897 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 25 <INTEREST-EXPENSE> 8,575 <INCOME-PRETAX> 5,513 <INCOME-TAX> 0 <INCOME-CONTINUING> 5,513 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 5,513 <EPS-PRIMARY> .08 <EPS-DILUTED> .08