<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> JUN-30-1997 <CASH> 340 <SECURITIES> 0 <RECEIVABLES> 7,154 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 9,016 <PP&E> 229,893 <DEPRECIATION> 16,078 <TOTAL-ASSETS> 224,103 <CURRENT-LIABILITIES> 8,507 <BONDS> 63,081 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 158 <OTHER-SE> 141,083 <TOTAL-LIABILITY-AND-EQUITY> 224,103 <SALES> 0 <TOTAL-REVENUES> 16,824 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 6,669 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,811 <INCOME-PRETAX> 7,733 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 7,733 <EPS-PRIMARY> 0.49 <EPS-DILUTED> 0.48