<ARTICLE> 5 <CIK> 0001038357 <NAME> PIONEER <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 73,408 <SECURITIES> 0 <RECEIVABLES> 191,932 <ALLOWANCES> 0 <INVENTORY> 13,576 <CURRENT-ASSETS> 308,188 <PP&E> 4,165,062 <DEPRECIATION> 605,203 <TOTAL-ASSETS> 3,946,590 <CURRENT-LIABILITIES> 261,552 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,010 <OTHER-SE> 1,547,835 <TOTAL-LIABILITY-AND-EQUITY> 3,946,590 <SALES> 536,782 <TOTAL-REVENUES> 546,029 <CGS> 144,170 <TOTAL-COSTS> 1,838,918 <OTHER-EXPENSES> 7,124 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 77,550 <INCOME-PRETAX> (1,377,563) <INCOME-TAX> (500,300) <INCOME-CONTINUING> (877,263) <DISCONTINUED> 0 <EXTRAORDINARY> (13,408) <CHANGES> 0 <NET-INCOME> (890,671) <EPS-PRIMARY> (17.14) <EPS-DILUTED> (17.14)