<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q FOR THE QUARTERLY PERIOD ENDED MARCH 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FORM 10-Q. </LEGEND> <MULTIPLIER> 1 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <EXCHANGE-RATE> 1 <CASH> 1,985,620 <SECURITIES> 0 <RECEIVABLES> 18,575,851 <ALLOWANCES> 132,816 <INVENTORY> 0 <CURRENT-ASSETS> 22,187,460 <PP&E> 33,217,983 <DEPRECIATION> 7,509,324 <TOTAL-ASSETS> 48,642,202 <CURRENT-LIABILITIES> 12,903,968 <BONDS> 14,727,277 <PREFERRED-MANDATORY> 5,376,352 <PREFERRED> 0 <COMMON> 88,000 <OTHER-SE> 5,769,581 <TOTAL-LIABILITY-AND-EQUITY> 48,642,202 <SALES> 0 <TOTAL-REVENUES> 22,252,211 <CGS> 0 <TOTAL-COSTS> 13,633,755 <OTHER-EXPENSES> 6,699,023 <LOSS-PROVISION> 49,417 <INTEREST-EXPENSE> 296,431 <INCOME-PRETAX> 1,627,146 <INCOME-TAX> 683,000 <INCOME-CONTINUING> 944,146 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 944,146 <EPS-PRIMARY> .09 <EPS-DILUTED> .09