<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 3,106 <SECURITIES> 0 <RECEIVABLES> 7,934 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 11,257 <PP&E> 116,219 <DEPRECIATION> 0 <TOTAL-ASSETS> 129,861 <CURRENT-LIABILITIES> 18,233 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 123 <OTHER-SE> 42,432 <TOTAL-LIABILITY-AND-EQUITY> 129,861 <SALES> 7,130 <TOTAL-REVENUES> 7,377 <CGS> 0 <TOTAL-COSTS> 1,428 <OTHER-EXPENSES> 5,491 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,355 <INCOME-PRETAX> (1,897) <INCOME-TAX> (638) <INCOME-CONTINUING> (1,259) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,259) <EPS-PRIMARY> (.10) <EPS-DILUTED> (.10)