<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS 6-MOS <FISCAL-YEAR-END> DEC-31-1999 DEC-31-1999 <PERIOD-START> APR-01-1999 JAN-01-1999 <PERIOD-END> JUN-30-1999 JUN-30-1999 <CASH> 106,198 106,198 <SECURITIES> 0 0 <RECEIVABLES> 83,178 83,178 <ALLOWANCES> 2,091 2,091 <INVENTORY> 0 0 <CURRENT-ASSETS> 159,143 159,143 <PP&E> 3,652,737 3,652,737 <DEPRECIATION> 196,600 196,600 <TOTAL-ASSETS> 3,987,641 3,987,641 <CURRENT-LIABILITIES> 94,883 94,883 <BONDS> 1,727,370 1,727,370 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 384,997 384,997 <COMMON> 0 0 <OTHER-SE> 1,780,391 1,780,391 <TOTAL-LIABILITY-AND-EQUITY> 3,987,641 3,987,641 <SALES> 141,267 287,135 <TOTAL-REVENUES> 146,255 296,891 <CGS> 44,082 89,374 <TOTAL-COSTS> 71,737 145,103 <OTHER-EXPENSES> 5,762 11,555 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 28,616 59,239 <INCOME-PRETAX> 41,664 83,037 <INCOME-TAX> 0 0 <INCOME-CONTINUING> 41,664 83,037 <DISCONTINUED> 0 0 <EXTRAORDINARY> (777) (777) <CHANGES> 0 0 <NET-INCOME> 32,742 65,970 <EPS-BASIC> .47 .94 <EPS-DILUTED> .47 .94