<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONDENSED STATEMENTS OF INCOME AND THE CONDENSED BALANCE SHEETS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 623,000 <SECURITIES> 0 <RECEIVABLES> 22,974,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 34,114,000 <PP&E> 172,385,000 <DEPRECIATION> 47,017,000 <TOTAL-ASSETS> 160,440,000 <CURRENT-LIABILITIES> 33,045,000 <BONDS> 46,572,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 45,000 <OTHER-SE> 54,655,000 <TOTAL-LIABILITY-AND-EQUITY> 160,440,000 <SALES> 48,731,000 <TOTAL-REVENUES> 48,731,000 <CGS> 0 <TOTAL-COSTS> 45,530,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 927,000 <INCOME-PRETAX> 2,331,000 <INCOME-TAX> 909,000 <INCOME-CONTINUING> 1,422,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,422,000 <EPS-PRIMARY> 0.32 <EPS-DILUTED> 0.32