<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM APPLICABLE FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 3,929 <SECURITIES> 0 <RECEIVABLES> 62,503 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 82,558 <PP&E> 1,875,918 <DEPRECIATION> (1,158,459) <TOTAL-ASSETS> 831,629 <CURRENT-LIABILITIES> 123,485 <BONDS> 309,120 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,271 <OTHER-SE> 254,640 <TOTAL-LIABILITY-AND-EQUITY> 831,629 <SALES> 0 <TOTAL-REVENUES> 64,513 <CGS> 0 <TOTAL-COSTS> 73,682 <OTHER-EXPENSES> (41) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 5,225 <INCOME-PRETAX> (14,262) <INCOME-TAX> 1,001 <INCOME-CONTINUING> (19,027) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (19,027) <EPS-PRIMARY> (.15) <EPS-DILUTED> (.15)