<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.

<CIK>                         0000813779
<NAME>                        0
<MULTIPLIER>                  1
<CURRENCY>                    0

                          
<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
<PREFERRED-MANDATORY>         0
<PREFERRED>                   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