<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM 12/31/97 FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 13,451 <SECURITIES> 0 <RECEIVABLES> 12,963 <ALLOWANCES> 41 <INVENTORY> 0 <CURRENT-ASSETS> 141,973 <PP&E> 924,520 <DEPRECIATION> 89,014 <TOTAL-ASSETS> 1,098,039 <CURRENT-LIABILITIES> 257,193 <BONDS> 443,312 <PREFERRED-MANDATORY> 0 <PREFERRED> 7,511 <COMMON> 365 <OTHER-SE> 288,744 <TOTAL-LIABILITY-AND-EQUITY> 1,098,039 <SALES> 145,419 <TOTAL-REVENUES> 149,496 <CGS> 51,357 <TOTAL-COSTS> 51,357 <OTHER-EXPENSES> 36,828 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 23,858 <INCOME-PRETAX> 16,896 <INCOME-TAX> 11,301 <INCOME-CONTINUING> 5,595 <DISCONTINUED> 0 <EXTRAORDINARY> (14,491) <CHANGES> 0 <NET-INCOME> (8,896) <EPS-PRIMARY> (0.26) <EPS-DILUTED> (0.25)