<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM GULFWEST
OIL COMPANY'S QUARTERLY REPORT FILED ON FORM 10-Q FOR THE QUARTER ENDED
SEPTEMBER 30, 2000 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL DOCUMENTS.
</LEGEND>
<CIK> 0000813779
<NAME> 0
<MULTIPLIER> 1
<CURRENCY> 0
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-2000
<PERIOD-END> SEP-30-2000
<EXCHANGE-RATE> 1
<CASH> 30,740
<SECURITIES> 0
<RECEIVABLES> 1,981,487
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 2,144,499
<PP&E> 27,780,320
<DEPRECIATION> 3,542,051
<TOTAL-ASSETS> 26,986,930
<CURRENT-LIABILITIES> 6,797,444
<BONDS> 0
0
80
<COMMON> 18,445
<OTHER-SE> 6,504,945
<TOTAL-LIABILITY-AND-EQUITY> 26,986,930
<SALES> 2,173,680
<TOTAL-REVENUES> 2,291,848
<CGS> 0
<TOTAL-COSTS> 1,547,051
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 605,250
<INCOME-PRETAX> 140,363
<INCOME-TAX> 0
<INCOME-CONTINUING> 140,363
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 140,363
<EPS-BASIC> .01
<EPS-DILUTED> .01
</TABLE>
