<ARTICLE> 5
<CURRENCY> U.S.
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                              APR-1-1998
<PERIOD-END>                               JUN-30-1998
<EXCHANGE-RATE>                                      1
<CASH>                                       1,064,806
<SECURITIES>                                         0
<RECEIVABLES>                                1,320,115
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             3,402,971
<PP&E>                                     109,908,072
<DEPRECIATION>                              20,253,334
<TOTAL-ASSETS>                              94,666,992
<CURRENT-LIABILITIES>                        8,491,203
<BONDS>                                     49,971,452
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        48,404
<OTHER-SE>                                  35,071,388
<TOTAL-LIABILITY-AND-EQUITY>                94,666,992
<SALES>                                     13,537,368
<TOTAL-REVENUES>                            13,537,368
<CGS>                                                0
<TOTAL-COSTS>                                7,181,121
<OTHER-EXPENSES>                             2,522,580
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                           1,050,186
<INCOME-PRETAX>                              2,787,892
<INCOME-TAX>                                 1,115,160
<INCOME-CONTINUING>                          1,672,732
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 1,672,732
<EPS-PRIMARY>                                      .35
<EPS-DILUTED>                                      .35