<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> DEC-31-1996 <CASH> 29,288 <SECURITIES> 0 <RECEIVABLES> 69,246 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 118,227 <PP&E> 1,082,465 <DEPRECIATION> 126,579 <TOTAL-ASSETS> 2,362,914 <CURRENT-LIABILITIES> 167,213 <BONDS> 789,174 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 871 <OTHER-SE> 1,048,748 <TOTAL-LIABILITY-AND-EQUITY> 2,362,914 <SALES> 0 <TOTAL-REVENUES> 560,213 <CGS> 0 <TOTAL-COSTS> 394,857 <OTHER-EXPENSES> (4,439) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 36,647 <INCOME-PRETAX> 149,784 <INCOME-TAX> 59,126 <INCOME-CONTINUING> 90,658 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 90,658 <EPS-PRIMARY> 1.25 <EPS-DILUTED> 1.23