<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from
December 31, 1996 financial statements and is qualified in its
entirety by reference to such financial statements. EPS amounts have
been restated to reflect the Company's adoption of Financial Accounting
Standards No. 128, "Earnings Per Share" as of December 31, 1997.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<CASH>                                          11,048
<SECURITIES>                                     3,866
<RECEIVABLES>                                   11,526
<ALLOWANCES>                                        76
<INVENTORY>                                          0
<CURRENT-ASSETS>                                84,360
<PP&E>                                         773,254
<DEPRECIATION>                                  96,421
<TOTAL-ASSETS>                                 914,524
<CURRENT-LIABILITIES>                          266,563
<BONDS>                                        217,078
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                      8,515
<COMMON>                                           363
<OTHER-SE>                                     291,766
<TOTAL-LIABILITY-AND-EQUITY>                   914,524
<SALES>                                        129,795
<TOTAL-REVENUES>                               133,977
<CGS>                                           36,654
<TOTAL-COSTS>                                   36,654
<OTHER-EXPENSES>                                68,600
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              15,897
<INCOME-PRETAX>                                 20,945
<INCOME-TAX>                                    (2,860)
<INCOME-CONTINUING>                             23,805
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                 (1,196)
<CHANGES>                                            0
<NET-INCOME>                                    22,609
<EPS-PRIMARY>                                     0.61
<EPS-DILUTED>                                     0.59