<ARTICLE> 5 <MULTIPLIER> 1,000 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <EXCHANGE-RATE> 1 <CASH> 3,078 <SECURITIES> 0 <RECEIVABLES> 10,051 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 15,223 <PP&E> 64,755 <DEPRECIATION> (34,046) <TOTAL-ASSETS> 95,703 <CURRENT-LIABILITIES> 8,168 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 100 <OTHER-SE> 33,118 <TOTAL-LIABILITY-AND-EQUITY> 95,703 <SALES> 13,515 <TOTAL-REVENUES> 13,515 <CGS> 0 <TOTAL-COSTS> 10,007 <OTHER-EXPENSES> 2,095 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,211 <INCOME-PRETAX> 202 <INCOME-TAX> 88 <INCOME-CONTINUING> 114 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 114 <EPS-PRIMARY> .01 <EPS-DILUTED> .01