<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 1,302,182 <SECURITIES> 100,000 <RECEIVABLES> 6,642,732 <ALLOWANCES> 0 <INVENTORY> 201,555 <CURRENT-ASSETS> 11,597,277 <PP&E> 64,593,635 <DEPRECIATION> 21,975,939 <TOTAL-ASSETS> 54,328,621 <CURRENT-LIABILITIES> 9,002,787 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 3,701 <OTHER-SE> 24,154,139 <TOTAL-LIABILITY-AND-EQUITY> 54,328,621 <SALES> 0 <TOTAL-REVENUES> 17,196,909 <CGS> 0 <TOTAL-COSTS> 16,451,647 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 295,146 <INCOME-PRETAX> 450,113 <INCOME-TAX> 180,025 <INCOME-CONTINUING> 270,088 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 270,088 <EPS-PRIMARY> .073 <EPS-DILUTED> .073