<ARTICLE> 5 <MULTIPLIER> 1 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <EXCHANGE-RATE> 1 <CASH> 294,518 <SECURITIES> 2,221,056 <RECEIVABLES> 3,705,089 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 6,313,018 <PP&E> 111,897,851 <DEPRECIATION> 61,651,637 <TOTAL-ASSETS> 56,612,953 <CURRENT-LIABILITIES> 3,888,784 <BONDS> 452,093 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 52,171,076 <TOTAL-LIABILITY-AND-EQUITY> 56,612,953 <SALES> 16,058,164 <TOTAL-REVENUES> 16,558,366 <CGS> 2,550,686 <TOTAL-COSTS> 8,521,309 <OTHER-EXPENSES> 2,113,492 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 85,660 <INCOME-PRETAX> 6,967,089 <INCOME-TAX> 70,000 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 6,897,087 <EPS-PRIMARY> 1.10 <EPS-DILUTED> 0