<ARTICLE> 5 <MULTIPLIER> 1 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 2,609,520 <SECURITIES> 0 <RECEIVABLES> 37,792,308 <ALLOWANCES> 0 <INVENTORY> 1,120,684 <CURRENT-ASSETS> 47,371,643 <PP&E> 228,931,936 <DEPRECIATION> 67,310,934 <TOTAL-ASSETS> 215,256,136 <CURRENT-LIABILITIES> 16,692,354 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 110,103 <OTHER-SE> 23,500 <TOTAL-LIABILITY-AND-EQUITY> 215,256,136 <SALES> 0 <TOTAL-REVENUES> 297,861,080 <CGS> 0 <TOTAL-COSTS> 269,737,449 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 6,273,324 <INCOME-PRETAX> 21,850,307 <INCOME-TAX> 8,148,000 <INCOME-CONTINUING> 13,702,307 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 13,702,307 <EPS-PRIMARY> 1.03 <EPS-DILUTED> 1.03