<ARTICLE> 5 <MULTIPLIER> 1 <CURRENCY> US DOLLARS <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <EXCHANGE-RATE> 1 <CASH> 3,033,008 <SECURITIES> 0 <RECEIVABLES> 5,071,549 <ALLOWANCES> (85,988) <INVENTORY> 1,405,981 <CURRENT-ASSETS> 23,342,064 <PP&E> 60,957,696 <DEPRECIATION> 22,800,075 <TOTAL-ASSETS> 96,122,397 <CURRENT-LIABILITIES> 14,400,603 <BONDS> 80,712,166 <PREFERRED-MANDATORY> 0 <PREFERRED> 4,577,000 <COMMON> 5,000 <OTHER-SE> (16,998,411) <TOTAL-LIABILITY-AND-EQUITY> 96,122,397 <SALES> 11,398,223 <TOTAL-REVENUES> 35,972,629 <CGS> 3,479,381 <TOTAL-COSTS> 28,559,435 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 59,300 <INTEREST-EXPENSE> 4,719,067 <INCOME-PRETAX> 2,694,127 <INCOME-TAX> 381,614 <INCOME-CONTINUING> 2,312,513 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,184,357 <EPS-PRIMARY> 436.87 <EPS-DILUTED> 436.87