UNITED STATES OF AMERICA
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 10-Q


[X]  QUARTERLY  REPORT  PURSUANT  TO  SECTION  13  OR  15(d)  OF  THE SECURITIES
        EXCHANGE  ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2001.

                                       or

[  ]  TRANSITION  REPORT  PURSUANT  TO  SECTION  13  OR  15(d) OF THE SECURITIES
      EXCHANGE  ACT OF 1934 FOR THE TRANSITION PERIOD FROM ___-____ TO __-_____.


                      Commission file number: 333-29001-01



                          ENERGY CORPORATION OF AMERICA
             (Exact name of registrant as specified in its charter)



                            WEST VIRGINIA  84-1235822
         (State or other jurisdiction of incorporation or organization)
                        (IRS Employer Identification No.)

                      4643 SOUTH ULSTER STREET, SUITE 1100
                             DENVER, COLORADO 80237
              (Address of principal executive offices and zip code)

                                 (303) 694-2667
              (Registrant's telephone number, including area code)



Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
    the preceding 12 months (or for such shorter period that the registrant was
      required to file such reports), and (2) has been subject to such filing
                       requirements for the past 90 days.
                                   Yes  X  No ___


    The number of shares of the Registrant's common stock, par value $1.00 per
                              share, outstanding at
                     September 30, 2001 was 632,885 shares.

<PAGE>
<TABLE>
<CAPTION>

                         ENERGY  CORPORATION  OF  AMERICA

                                TABLE OF CONTENTS


                                                                           PAGES
PART  I  FINANCIAL  INFORMATION


<S>                                                                       <C>
Item 1. Financial Statements

   Condensed Consolidated Balance Sheets
     September 30, 2001 (unaudited) and June 30, 2001. . . . . . . . . .   3

   Unaudited Condensed Consolidated Statements of Operations
     For the three months ended September 30, 2001 and 2000. . . . . . .   5

   Unaudited Condensed Consolidated Statements of Cash Flows
     For the three months ended September 30, 2001 and 2000. . . . . . .   6

   Unaudited Condensed Consolidated Statements of Comprehensive Income
     For the three months ended September 30, 2001 and 2000. . . . . . .   7

   Notes to Unaudited Condensed Consolidated Financial Statements. . . .   8

Item 2. Management's Discussion and Analysis of Results of Operation and
        Financial Condition. . . . . . . . . . . . . . . . . . . . . . .  11

Item 3. Quantitative and Qualitative Disclosures About Market Risk . . .  14


PART II  OTHER INFORMATION

Item 1. Legal Proceedings. . . . . . . . . . . . . . . . . . . . . . . .  15

Item 2. Changes in Securities. . . . . . . . . . . . . . . . . . . . . .  15

Item 3. Defaults Upon Senior Securities. . . . . . . . . . . . . . . . .  15

Item 4. Submission of Matters to a Vote of Security Holders. . . . . . .  15

Item 5. Other Information. . . . . . . . . . . . . . . . . . . . . . . .  15

Item 6. Exhibits and Reports on Form 8-K . . . . . . . . . . . . . . . .  15

Signatures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  16
</TABLE>

                                       -2-

<PAGE>

PART  I  FINANCIAL  INFORMATION
ITEM  1.  FINANCIAL  STATEMENTS

<TABLE>
<CAPTION>

 ENERGY  CORPORATION  OF  AMERICA
 CONDENSED  CONSOLIDATED  BALANCE  SHEETS
 (AMOUNTS  IN  THOUSANDS)
---------------------------------------------------------------------------------

                                                          SEPTEMBER 30   JUNE 30
                                                              2001         2001
                                                          (UNAUDITED)        *
ASSETS
<S>                                                       <C>            <C>
 CURRENT ASSETS
    Cash and cash equivalents. . . . . . . . . . . . . .  $      59,071  $ 80,336
    Accounts receivable, net of allowance for doubtful
       accounts of $457. . . . . . . . . . . . . . . . .         20,289    23,388
    Gas in storage, at average cost. . . . . . . . . . .            291     1,069
    Deferred income tax asset. . . . . . . . . . . . . .          7,467     7,467
    Prepaid and other current assets . . . . . . . . . .          6,405     6,369
                                                          -------------  --------
       Total current assets. . . . . . . . . . . . . . .         93,523   118,629
                                                          -------------  --------

 Property, plant and equipment, net of accumulated
    depreciation and depletion of $105,946 and $102,223.        249,564   248,659
                                                          -------------  --------

 OTHER ASSETS
    Deferred financing costs, net of accumulated
       amortization of $3,171 and $2,987 . . . . . . . .          4,169     4,353
    Notes receivable . . . . . . . . . . . . . . . . . .          1,895     1,867
    Other. . . . . . . . . . . . . . . . . . . . . . . .          7,645     7,024
                                                          -------------  --------
       Total other assets. . . . . . . . . . . . . . . .         13,709    13,244
                                                          -------------  --------

 TOTAL . . . . . . . . . . . . . . . . . . . . . . . . .  $     356,796  $380,532
                                                          =============  ========
<FN>

 *   Condensed  from  audited  consolidated  financial  statements.

 The  accompanying  notes  are  an  integral part of these condensed consolidated
financial  statements.
</TABLE>

                                       -3-

<PAGE>
<TABLE>
<CAPTION>

 ENERGY  CORPORATION  OF  AMERICA
 CONDENSED  CONSOLIDATED  BALANCE  SHEETS
 (AMOUNTS  IN  THOUSANDS,  EXCEPT  SHARE  DATA)
--------------------------------------------------------------------------------------

                                                               SEPTEMBER 30    JUNE 30
                                                                   2001         2001
                                                               (UNAUDITED)       *
LIABILITIES AND STOCKHOLDERS' EQUITY
<S>                                                           <C>             <C>
 CURRENT LIABILITIES
    Accounts payable . . . . . . . . . . . . . . . . . . . .  $      19,901   $ 18,979
    Current portion of long-term debt. . . . . . . . . . . .            152        151
    Funds held for future distribution . . . . . . . . . . .         11,010     14,666
    Other taxes payable. . . . . . . . . . . . . . . . . . .          7,515      7,860
    Other current liabilities. . . . . . . . . . . . . . . .          6,897     23,932
                                                              --------------  ---------
       Total current liabilities . . . . . . . . . . . . . .         45,475     65,588

 LONG-TERM OBLIGATIONS
    Long-term debt . . . . . . . . . . . . . . . . . . . . .        198,864    198,902
    Gas delivery obligation and deferred revenue . . . . . .         11,198     11,321
    Deferred income tax liability. . . . . . . . . . . . . .         29,888     29,888
    Other long-term obligation . . . . . . . . . . . . . . .          9,662     10,007
                                                              --------------  ---------
       Total liabilities . . . . . . . . . . . . . . . . . .        295,087    315,706
                                                              --------------  ---------


 STOCKHOLDERS' EQUITY
    Common stock, par value $1.00; 2,000,000 shares
       authorized; 730,000 shares issued . . . . . . . . . .            730        730
    Class A stock, no par value; 100,000 shares authorized;
       36,000 shares issued. . . . . . . . . . . . . . . . .          3,732      3,732
    Additional paid in capital . . . . . . . . . . . . . . .          5,503      5,503
    Retained earnings. . . . . . . . . . . . . . . . . . . .         61,873     63,653
    Treasury stock and notes receivable arising from the
       issuance of common stock. . . . . . . . . . . . . . .         (9,503)    (9,293)
    Accumulated comprehensive income (loss). . . . . . . . .           (626)       501
                                                              --------------  ---------
       Total stockholders' equity. . . . . . . . . . . . . .         61,709     64,826
                                                              --------------  ---------

 TOTAL . . . . . . . . . . . . . . . . . . . . . . . . . . .  $     356,796   $380,532
                                                              ==============  =========
<FN>

 *   Condensed  from  audited  consolidated  financial  statements.

 The  accompanying notes are an integral part of these condensed consolidated financial
statements.
</TABLE>

                                       -4-

<PAGE>
<TABLE>
<CAPTION>

 ENERGY  CORPORATION  OF  AMERICA
 CONDENSED  CONSOLIDATED  STATEMENTS  OF  OPERATIONS
 (UNAUDITED  -  AMOUNTS  IN  THOUSANDS,  EXCEPT  PER  SHARE  DATA)
------------------------------------------------------------------------------

                                                              FOR THE THREE
                                                               MONTHS ENDED
                                                               SEPTEMBER 30
                                                              2001      2000
<S>                                                         <C>       <C>
 REVENUES:
    Gas marketing and pipeline sales . . . . . . . . . . .  $10,479   $17,607
    Oil and gas sales. . . . . . . . . . . . . . . . . . .   11,510     7,720
    Well operations and service revenues . . . . . . . . .    1,405     1,382
    Other revenue. . . . . . . . . . . . . . . . . . . . .                374
                                                            --------  --------
                                                             23,394    27,083
                                                            --------  --------
 COST AND EXPENSES:
    Gas marketing and pipeline cost. . . . . . . . . . . .   10,040    16,886
    Field operating expenses . . . . . . . . . . . . . . .    2,509     2,003
    General and administrative . . . . . . . . . . . . . .    3,524     2,529
    Taxes, other than income . . . . . . . . . . . . . . .      522       607
    Depletion and depreciation, oil and gas related. . . .    3,331     2,072
    Depreciation of pipelines and equipment. . . . . . . .      746       661
    Exploration and impairment . . . . . . . . . . . . . .      779       852
                                                            --------  --------
                                                             21,451    25,610
                                                            --------  --------
    Income from operations . . . . . . . . . . . . . . . .    1,943     1,473
                                                            --------  --------
 OTHER (INCOME) EXPENSE
    Interest expense . . . . . . . . . . . . . . . . . . .    4,986     5,373
    Interest income and other. . . . . . . . . . . . . . .     (779)     (998)
                                                            --------  --------
 Loss from continuing operations before income taxes . . .   (2,264)   (2,902)
 Income tax benefit. . . . . . . . . . . . . . . . . . . .     (747)   (1,055)
                                                            --------  --------
 Loss from continuing operations . . . . . . . . . . . . .   (1,517)   (1,847)
                                                            --------  --------
 Disposal of utility operations:
    Loss from utility operations, net of income tax. . . .             (1,949)
    Gain on sale of utility operations, net of income tax.             86,457
                                                            --------  --------
    Net income from disposal of utility operations . . . .        -    84,508

 NET INCOME (LOSS) . . . . . . . . . . . . . . . . . . . .  $(1,517)  $82,661
                                                            ========  ========

 Basic and diluted earnings per common share:
    Loss from continuing operations. . . . . . . . . . . .  $ (2.30)  $ (2.77)
    Income from disposed utility operations. . . . . . . .             126.70
                                                            --------  --------
    Net income (loss). . . . . . . . . . . . . . . . . . .  $ (2.30)  $123.93
                                                            ========  ========
<FN>

 The  accompanying  notes  are  an integral part of these condensed consolidated
financial  statements.
</TABLE>

                                       -5-

<PAGE>
<TABLE>
<CAPTION>

 ENERGY  CORPORATION  OF  AMERICA
 CONDENSED  CONSOLIDATED  STATEMENTS  OF  CASH  FLOWS
 (UNAUDITED  -  AMOUNTS  IN  THOUSANDS)
-------------------------------------------------------------------------------------------------------

                                                                                    FOR THE THREE MONTHS
                                                                                     ENDED SEPTEMBER 30
                                                                                      2001       2000
<S>                                                                                 <C>        <C>
 CASH FLOWS FROM OPERATING ACTIVITIES
    Net loss from continuing operations. . . . . . . . . . . . . . . . . . . . . .  $ (1,517)  $ (1,847)
    Adjustments to reconcile net loss to net cash used by operating activities:
       Depletion, depreciation and amortization. . . . . . . . . . . . . . . . . .     4,260      3,039
       Impairment expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . .       614        695
       Other, net. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    (1,037)      (341)
                                                                                    ---------  ---------
                                                                                       2,320      1,546
    Changes in assets and liabilities:
       Accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . .     3,059       (289)
       Gas in storage. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .       682         35
       Prepaid and other assets. . . . . . . . . . . . . . . . . . . . . . . . . .      (313)      (543)
       Accounts payable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .       396      3,077
       Income taxes payable. . . . . . . . . . . . . . . . . . . . . . . . . . . .      (739)    (1,332)
       Funds held for future distributions . . . . . . . . . . . . . . . . . . . .    (3,656)        34
       Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   (16,358)    (2,268)
                                                                                    ---------  ---------
       Net cash provided (used) by operating activities from continuing operations   (14,609)       260
       Net cash used by operating activities from disposed operations. . . . . . .               (5,687)
                                                                                    ---------  ---------
       Net cash used by operating activities . . . . . . . . . . . . . . . . . . .   (14,609)    (5,427)
                                                                                    ---------  ---------
 CASH FLOWS FROM INVESTING ACTIVITIES
    Expenditures for property, plant and equipment . . . . . . . . . . . . . . . .    (5,549)    (7,529)
    Proceeds from sale of assets . . . . . . . . . . . . . . . . . . . . . . . . .       116        589
    Notes receivable and other . . . . . . . . . . . . . . . . . . . . . . . . . .      (711)    (2,860)
                                                                                    ---------  ---------
       Net cash used by investing activities from continuing operations. . . . . .    (6,144)    (9,800)
       Net cash provided by investing activities from disposed operations. . . . .              221,876
                                                                                    ---------  ---------
       Net cash provided (used) by investing activities. . . . . . . . . . . . . .    (6,144)   212,076
                                                                                    ---------  ---------
 CASH FLOWS FROM FINANCING ACTIVITIES
    Proceeds from long-term debt . . . . . . . . . . . . . . . . . . . . . . . . .                7,000
    Principal payment on long-term debt. . . . . . . . . . . . . . . . . . . . . .       (37)   (19,889)
    Principal payment on short-term borrowing. . . . . . . . . . . . . . . . . . .               (2,000)
    Purchase of treasury stock and other financing activities. . . . . . . . . . .      (210)      (368)
    Dividends paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .      (265)    (3,340)
    Other. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                   55
                                                                                    ---------  ---------
       Net cash used by financing activities from continuing operations. . . . . .      (512)   (18,542)
       Net cash provided by financing activities from disposed operations. . . . .                6,540
                                                                                    ---------  ---------
       Net cash used by financing activities . . . . . . . . . . . . . . . . . . .      (512)   (12,002)
                                                                                    ---------  ---------
       Net increase (decrease) in cash and cash equivalents. . . . . . . . . . . .   (21,265)   194,647
       Cash and cash equivalents, beginning of period. . . . . . . . . . . . . . .    80,336      3,310
                                                                                    ---------  ---------
 Cash and cash equivalents, end of period. . . . . . . . . . . . . . . . . . . . .  $ 59,071   $197,957
                                                                                    =========  =========
<FN>

 The  accompanying  notes  are  an  integral  part of these condensed consolidated financial statements.
</TABLE>
                                       -6-
<PAGE>

<TABLE>
<CAPTION>

 ENERGY  CORPORATION  OF  AMERICA
 CONDENSED  CONSOLIDATED  STATEMENTS  OF  COMPREHENSIVE  INCOME
 (UNAUDITED  -  AMOUNTS  IN  THOUSANDS)
--------------------------------------------------------------------

                                                  THREE MONTHS ENDED
                                                     SEPTEMBER 30
                                                    2001      2000
<S>                                               <C>       <C>
 Net income (loss) . . . . . . . . . . . . . . .  $(1,517)  $82,661
                                                  --------  --------
 Other comprehensive income (loss), net of tax:
    Foreign currency translation adjustment:
       Current period change . . . . . . . . . .     (722)      320
    Marketable securities:
       Current period change . . . . . . . . . .      (61)       87
    Oil and Gas derivatives:
       Net cumulative effect adjustment. . . . .             (2,153)
       Current period transactions . . . . . . .    1,590    (1,462)
       Reclassification to earnings. . . . . . .   (1,934)      560
                                                  --------  --------
 Other comprehensive income (loss), net of tax .   (1,127)   (2,648)
                                                  --------  --------
 Comprehensive income (loss) . . . . . . . . . .  $(2,644)  $80,013
                                                  ========  ========

<FN>

The  accompanying  notes  are  an  integral part of these condensed consolidated
financial  statements.
</TABLE>

                                       -7-

<PAGE>
                          ENERGY CORPORATION OF AMERICA
         NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2001


1.     Nature  of  Organization

Energy Corporation of America (the "Company") was formed in June 1993 through an
exchange  of  shares  with  the  common  stockholders of Eastern American Energy
Corporation ("Eastern American").  The Company is an independent energy company.
All  references  to  the "Company" include Energy Corporation of America and its
consolidated  subsidiaries.

The Company, through its wholly owned subsidiary Eastern American, is engaged in
exploration, development and production, transportation and marketing of natural
gas  primarily  within  the  Appalachian  Basin  states  of  West  Virginia,
Pennsylvania,  Kentucky  and  Ohio.

The  Company,  through  its wholly owned subsidiaries Westech Energy Corporation
and Westech Energy New Zealand, is engaged in the exploration for and production
of  oil and natural gas primarily in the Rocky Mountains, Texas and New Zealand.


2.     Accounting  Policies

Reference  is  hereby  made  to the Company's Annual Report on Form 10-K for the
fiscal  year  ended  June 30, 2001, which contains a summary of major accounting
policies  followed  in  preparation  of  its  consolidated financial statements.
These  policies  were  also  followed in preparing the quarterly report included
herein.

Management  of  the  Company  believes  that all adjustments, consisting of only
normal  recurring  accruals, necessary for a fair presentation of the results of
such  interim  periods have been made.  The results of operations for the period
ended  September  30,  2001  are not necessarily indicative of the results to be
expected  for  the  full  year.

Certain  amounts  in  the  financial  statements  of  prior  periods  have  been
reclassified  to  conform  to  the  current  period  presentation.


3.     Earnings  per  Share

A  reconciliation  of  the  components  of basic and diluted net loss per common
share  is as follows for the loss from continuing operations available to common
shareholders:

<TABLE>
<CAPTION>


                                           Loss      Shares    Per Share
                                       ------------  -------  -----------
<S>                                    <C>           <C>      <C>
Three months ended September 30, 2001
-------------------------------------
   Basic and Diluted. . . . . . . . .  $(1,517,000)  660,438  $    (2.30)
Three months ended September 30, 2000
-------------------------------------
   Basic and Diluted. . . . . . . . .  $(1,847,000)  667,009  $    (2.77)
</TABLE>

The  effect  of outstanding stock options was not included in the computation of
diluted  earnings  per  share  because  to  do  so would have been antidilutive.

                                       -8-

<PAGE>

4.     Industry  Segments

The  Company's  reportable  business  segments have been identified based on the
differences  in products and service provided.  Revenues for the exploration and
production  segment  are derived from the production and sale of natural gas and
crude  oil.  Revenues  for  the  marketing  and  pipeline segment arise from the
marketing  of  both Company and third party produced natural gas volumes and the
related  transportation.  The  Company utilizes earnings before interest, taxes,
depreciation,  depletion,  amortization  and  impairment  and  exploratory costs
("EBITDAX")  to  evaluate  the  operations  of  each  segment.

Summarized  financial  information  for  the  Company's  reportable segments for
continuing  operations  is  as  follows  (in  thousands):

<TABLE>
<CAPTION>


<S>                                                    <C>           <C>          <C>        <C>
                                                       Exploration   Marketing
                                                          and           and
                                                       Production    Pipeline     Other      Consolidated
                                                       ------------  -----------  ---------  ------------
 For the three months ended September 30, 2001
-----------------------------------------------------
   Sales to unaffiliated customers. . . . . . . . . .  $     12,915  $   10,479                  $ 23,394
   Intersegment revenues. . . . . . . . . . . . . . .                                                   -
   Depreciation, depletion, amortization. . . . . . .         3,716         228    $   133          4,077
   Impairment and exploratory costs . . . . . . . . .           779                                   779
   Operating profit (loss). . . . . . . . . . . . . .         2,304        (332)       (29)         1,943
   Interest expense . . . . . . . . . . . . . . . . .         5,517      (1,768)     1,237          4,986
   EBITDAX. . . . . . . . . . . . . . . . . . . . . .         7,296         (98)       380          7,578
   Total assets . . . . . . . . . . . . . . . . . . .       151,874      74,165    130,757        356,796
   Capital expenditures . . . . . . . . . . . . . . .         5,260          44        245          5,549
---------------------------------------------------------------------------------------------------------
 For the three months ended September 30, 2000
-----------------------------------------------------
   Sales to unaffiliated customers. . . . . . . . . .  $      8,860  $   17,607                  $ 26,467
   Intersegment revenues. . . . . . . . . . . . . . .           242               $    374            616
   Depreciation, depletion, amortization. . . . . . .         2,396         244         93          2,733
   Impairment and exploratory costs . . . . . . . . .           852                                   852
   Operating profit (loss). . . . . . . . . . . . . .         2,083          32       (642)         1,473
   Interest expense . . . . . . . . . . . . . . . . .            41           1      5,331          5,373
   EBITDAX. . . . . . . . . . . . . . . . . . . . . .         5,308        (220)       967          6,055
   Total assets, net of utility assets held for sale.       119,306      73,863    213,444        406,613
   Capital expenditures . . . . . . . . . . . . . . .         7,319          64        146          7,529
</TABLE>

Operating  profit  (loss)  represents  revenues  less  costs  which are directly
associated  with  such  operations.  Revenues  are  priced  and  accounted  for
consistently  for  both unaffiliated and intersegment sales.  The 'Other' column
includes  corporate-related  items,  including  corporate  debt,  non-reportable
segments and elimination items.  Included in the total assets of the exploration
and  production segment are net long-lived assets located in New Zealand of $3.2
million  and $4.3 million as of September 30, 2001 and 2000.  Effective June 30,
2001,  the  Company  initiated  a  new  policy, which reallocates certain costs,
including  interest  expense,  to  the  operating  segments  based  on  resource
utilization.

                                       -9-

<PAGE>
5.     Derivative  Instruments  and  Hedging  Activities

The  Company periodically hedges a portion of its oil and gas production through
futures  and swap agreements.  The purpose of the hedges is to provide a measure
of stability in the volatile environment of oil and gas prices and to manage its
exposure  to  commodity price risk under existing sales commitments.  All of the
Company's price swap agreements in place are designated as cash flow hedges.  At
September  30,  2001,  the  Company  recorded a $2.1 million gain in accumulated
other  comprehensive  income,  $4.0  million  short  term derivative asset, $0.5
million  short  term  derivative  liability,  $0.1  million long term derivative
liability  and $1.3 million deferred tax liability.  The estimated net amount of
the  existing  gains  within  other comprehensive income that are expected to be
reclassified  into  earnings  within  the  next  12 months is approximately $2.2
million.  The  Company  has  partially hedged its exposure to the variability in
future  cash  flows  through  April  2002.


6.     Contingencies

The Company is involved in various other legal actions and claims arising in the
ordinary  course of business.  While the outcome of these other lawsuits against
the Company cannot be predicted with certainty, management does not expect these
matters  to  have  a  material  adverse  effect  on  the Company's operations or
financial  position.

                                       -10-

<PAGE>

ITEM  2.     MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF  RESULTS  OF
--------     --------------------------------------------------------
                       OPERATIONS AND FINANCIAL CONDITION
                       ----------------------------------

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
--------------------------------------------------------------------------------

     This  discussion  and  analysis  of  financial  condition  and  results  of
operations,  and  other  sections  of  this  Form  10-Q, contain forward-looking
statements  that  are  based  on  management's  beliefs,  assumptions,  current
expectations,  estimates,  intentions  and  projections  about  the  oil and gas
industry, the economy and about the Company itself. Words such as "anticipates,"
"believes,"  "estimates,"  "expects,"  "forecasts,"  "intends,"  "is  likely,"
"plans,"  "predicts,"  "projects,"  variations  of  such  words  and  similar
expressions  are  intended to identify such forward-looking statements under the
Private  Securities  Litigation  Reform  Act  of 1995. The Company cautions that
these  statements  are  not guarantees of future performance and involve certain
risks,  uncertainties  and assumptions that are difficult to predict with regard
to  timing,  extent,  likelihood  and  degree  of  occurrence. Therefore, actual
results  and  outcomes  may  materially  differ  from  what  may be expressed or
forecasted  in  such  forward-looking  statements.  Furthermore,  the  Company
undertakes no obligation to update, amend or clarify forward-looking statements,
whether  as  a  result  of  new  information,  future  events  or  otherwise.

     Important factors that could cause actual results to differ materially from
the  forward-looking  statements  include,  but  are  not  limited  to,  weather
conditions, changes in production volumes, worldwide demand and commodity prices
for  petroleum natural resources, the timing and extent of the Company's success
in  discovering,  acquiring,  developing  and  producing  oil  and  natural  gas
reserves,  risks  incident  to the drilling and operation of oil and natural gas
wells, future production and development costs, foreign currency exchange rates,
the  effect  of  existing  and  future  laws,  governmental  regulations and the
political  and economic climate of the United States and New Zealand, the effect
of  hedging  activities,  and  conditions  in  the  capital  markets.

     The  following  should  be read in conjunction with the Company's Financial
Statements  and  notes  (including  the  segment  information)  at  Item  1.

COMPARISON  OF  RESULTS  OF  OPERATIONS FOR THE THREE MONTHS ENDED SEPTEMBER 30,
--------------------------------------------------------------------------------
2001  AND  2000
---------------

     The  Company recorded a net loss from continuing operations of $1.5 million
for  the quarter ended September 30, 2001 compared to a net loss of $1.8 million
for  the  same period in 2000.  The improvement of $0.3 million is attributed to
the  net  of  a  $3.7  million  decrease  in revenue, a $4.1 million decrease in
operating  expenses, a $0.4 million decrease to interest expense, a $0.2 million
decrease in other non-operating income and a $0.3 million decrease in income tax
benefits.

REVENUES.  Total  revenues decreased $3.7 million or 13.6% between the quarters.
--------
The net decrease was due to a 40.5% decrease in gas marketing and pipeline sales
and a 49.1% increase in oil and gas sales.  Well operations and service revenues
and  other  operating  revenue  remained  relatively  constant.

     Revenues  from gas marketing and pipeline sales decreased $7.1 million from
$17.6 million during the period ended September 30, 2000 to $10.5 million in the
period  ended  September  30, 2001. Gas marketing revenue decreased $6.2 million
primarily  due to a 28% decrease in the average sales price per Mmbtu from $4.53
for the prior period to $3.25 for the current period. A 23% decrease in marketed
gas volumes from 3.2 million Mmbtu to 2.4 million Mmbtu for the same period also
contributed  to  the  decline. Pipeline revenue decreased $0.9 million primarily
due  to  an 18% decrease in the average sales price per Mmbtu from $4.28 for the
quarter  ended  September  30, 2000 to $3.51 for the quarter ended September 30,
2001. A 9.3% decrease in gas volumes from 0.8 million Mmbtu to 0.7 million Mmbtu
for  the  same  period  also  contributed  to  the  decline.

                                       -11-

<PAGE>

     Revenues  from  oil  and gas sales increased $3.8 million from $7.7 million
for  the quarter ended September 30, 2000 to $11.5 million for the quarter ended
September  30,  2001.  The  average  Mcf price declined from $4.06 for the prior
period  to  $2.88  for  the  current  period.  The  Company's net Mcf production
increased  601.4  Mmcf,  30.6%  between  the  periods,  which  was attributed to
drilling  and  acquisitions.  The average Bbl price declined from $27.15 for the
prior quarter to $22.86 for the current quarter.  This price decrease was offset
by  a 12,779 Bbl, 48.3%, increase in production for the quarter.  The net effect
of  the  decrease in prices and increase in production between the periods was a
decrease  of  $0.4  million  to  oil and gas sales.  This decrease was offset by
recognized  gains  on related hedging transactions, which totaled a gain of $3.1
million  for  the  quarter  ended  September 30, 2001 compared to a loss of $1.1
million  for  the quarter ended September 30, 2000.  The average price per Mcfe,
after hedging, was $4.12 and $3.63 for the quarters ended September 30, 2001 and
2000.

COSTS  AND EXPENSES.  The Company's costs and expenses decreased $4.1 million or
-------------------
16.2%  between the quarters primarily as a net result of a 40.5% decrease in gas
marketing  and  pipeline  costs,  a  25.3% increase in field and lease operating
expenses,  a  39.3%  increase in general and administrative expenses and a 49.8%
increase in depreciation, depletion and amortization expenses.  Taxes other than
income and exploration and impairment costs remained relatively constant between
the  periods.

     Gas marketing and pipeline costs decreased $6.8 million. Gas marketing cost
decreased $6.0 million primarily due to a 32% decrease in the average price paid
per  Mmbtu  from $4.41 for the quarter ended September 30, 2000 to $3.01 for the
quarter  ended September 30, 2001. Also contributing to the decrease was a 22.8%
decline in purchased gas volumes from 3.2 million Mmbtu to 2.4 million Mmbtu for
the  same period. Pipeline costs decreased $0.8 million primarily due to a 20.2%
decrease  in  the  average price paid for gas purchased from $3.49 per Mmbtu for
the  prior  period  to  $2.79 for the current period. Purchased gas volumes also
decreased  0.7  Mmbtu,  9.6%,  for  the  same  period.

     Field  and lease operating expenses increased $0.5 million primarily as the
result  of an acquisition that occurred during the second quarter of fiscal year
2001.

     General  and  administrative  expenses  increased  $1.0  million because of
higher  costs,  primarily  related  to  payroll  and  employee benefits, outside
professional  fees  and  information  technology  costs.

     Depreciation, depletion and amortization expenses increased $1.3 million as
a  result  of  the  increased  production volumes and increased depletion rates.

INTEREST  EXPENSE.  Interest  expense  decreased  $0.4  million  or  7.2%,  when
-----------------
comparing  the  periods.  This is primarily due to eliminating the $19.8 million
revolving  line  of  credit and the related fees and deferred financing costs on
August  18,  2000.

     INCOME  TAX.  The  provision for income taxes increased $0.3 million due to
     -----------
the  $0.6  million  increase  to  pre-tax  earnings  from  continuing operation.


     LIQUIDITY  AND  CAPITAL  RESOURCES
     ----------------------------------

     During  the quarter ended September 30, 2001, the Company's working capital
decreased  from $53.0 million at June 30, 2001 to $ 48.0 million.  The Company's
cash decreased from $80.3 million at June 30, 2001 to $59.1 million at September
30,  2001.  The  decrease in cash during the quarter was a result of the net use
of  approximately  $23.0  million  of  cash  for  various  operating and capital
expenditure  activities of the Company.  The activities were primarily comprised
of:  the  net  investment  of

                                       -12-

<PAGE>

approximately  $5.5  million in property, plant and equipment; $0.7 million
representing  the prepayment of a drilling commitment; $16.3 million payment for
the  balance  of  the  Cypress  assets  acquisition  recorded  as  Other Current
Liabilities  (at  June 30, 2001); payments of approximately $0.5 million for the
acquisition  of  treasury  stock  and  dividends.  Cash  used  for  the  various
operating  and  capital  expenditures of the Company was offset by approximately
$7.6  million of income before interest charges, taxes, depreciation, depletion,
amortization  and  impairment  and  exploratory  costs  ("EBITDAX")  during  the
quarter.

At September 30, 2001, the Company's principal sources of liquidity consisted of
$59.1  million  of cash, plus $2 million available under an unsecured short-term
credit  facility  currently  in  place.  At  September 30, 2001, no amounts were
outstanding  or  committed  under  the  short-term  credit  facility.

Certain  bondholders  of  the Company's Senior Subordinated Notes ("Notes") have
made  inquiries regarding the Company's calculation of the net proceeds from the
sale  of Mountaineer Gas Company ("Mountaineer").  Specifically, these inquiries
have been directed to the Company's calculation of the "taxes paid or payable as
a  result  [of the sale] (after taking into account any available tax credits or
deductions  and any tax sharing arrangements)".  In response to these inquiries,
the  Company  has  stated that the taxes paid or payable as a result of the sale
are  $83.8  million  and that such tax calculation does not include any credits,
deductions  or operating losses unrelated to the sale.  Certain bondholders have
questioned  the  Company's  interpretation and have asserted that in calculating
net  proceeds  all  tax  credits  available to the Company are to be utilized in
determining  the  taxes  paid  or  payable  as  a result of the sale.  It is the
Company's  position that tax credits or losses that are unrelated to the sale of
Mountaineer  are  to  be excluded in the calculation of the net proceeds of such
sale.

The  Company's  net  cash  requirements  will  fluctuate based on timing and the
extent  of  the  interplay of capital expenditures, cash generated by continuing
operations  and  interest expense.  During the quarter ended September 30, 2001,
EBITDAX  totaled $7.6 million compared to $6.1 million for the comparative prior
period.  The  increase  of  $1.5 million, an increase of 25%, resulted primarily
from  increased  revenues.  In addition, management anticipates that in light of
lower  product  prices,  EBITDAX  for fiscal year 2002 will be approximately $30
million.  EBITDAX  for  fiscal years 2001, 2000 and 1999 was $33.2 million, $3.6
million  and  $10.4  million  respectively.  However,  management estimates that
capital  expenditures  for fiscal year 2002 will total approximately $41 million
and  interest  expense  will  total  approximately $19.2 million.  Although cash
provided  from  oil  and gas operations will not be sufficient to fully fund the
Company's  fiscal  year 2002 projected interest charges and capital expenditures
program,  management  believes  that  cash generated from continuing oil and gas
operations,  together  with the liquidity provided by existing cash balances and
working  capital,  permitted  borrowings  and the divestment of non-core assets,
will be sufficient to satisfy commitments for capital expenditures, debt service
obligations,  working  capital  needs  and  other cash requirements for the next
year.

The  Company  believes  that  its  existing  capital  resources,  its mitigating
management  efforts  and its expected fiscal year 2002 results of operations and
cash  flows  from  operating  activities  will  be sufficient for the Company to
remain  in compliance with the requirements of its Notes.  However, since future
results  of  operations,  cash  flow  from  operating  activities,  debt service
capability,  levels  and  availability  of  capital  resources  and  continuing
liquidity are dependent on future weather patterns, oil and gas commodity prices
and  production  volume  levels,  future  exploration  and  development drilling
success  and successful acquisition transactions, no assurance can be given that
the  Company  will  remain  in  compliance  with  the requirements of its Notes.

                                       -13-

<PAGE>

              ITEM 3.      QUANTITATIVE AND QUALITATIVE DISCLOSURES
              -------     -----------------------------------------
                                ABOUT MARKET RISK
                                -----------------

INTEREST  RATE  RISK
--------------------

Interest  rate risk is attributable to the Company's debt.  The Company utilizes
United  States  dollar  denominated  borrowings  to  fund  working  capital  and
investment needs.  There is inherent rollover risk for borrowings as they mature
and  are  renewed  at  current  market  rates.  The  extent  of this risk is not
predictable  because  of  the  variability  of  future  interest  rates  and the
Company's  future financing needs.  All of the Company's debt has fixed interest
rates.  The Company has not attempted to hedge the interest rate risk associated
with  its  debt.

COMMODITY  RISK
---------------

     The  Company's  operations  consist  primarily of exploring for, producing,
aggregating  and  selling natural gas and oil.  The Company attempts to mitigate
its  commodity  price risk by entering into a mix of short, medium and long-term
supply  contracts.  Contracts  to deliver gas at pre-established prices mitigate
the  risk  to  the  Company  of  falling  prices  but at the same time limit the
Company's  ability  to  benefit  from the effects of rising prices.  The Company
occasionally  uses  derivative  instruments  to  hedge its commodity price risk.
Notwithstanding  the  above,  the  Company's  future cash flows from gas and oil
production  are  exposed  to  significant volatility as commodity prices change.

     The  Company  hedges  a  portion  of  its  projected natural gas production
through  a  variety  of  financial and physical arrangements intended to support
natural  gas  prices  at  targeted  levels  and  to manage its exposure to price
fluctuations.  The  Company  may use futures contracts, swaps, options and fixed
price  physical  contracts  to  hedge  its commodity prices.  Realized gains and
losses from the Company's price risk management activities are recognized in oil
and  gas  sales  when  the associated production occurs.  Unrecognized gains and
losses  are  included as a component of other comprehensive income.  The Company
does not hold or issue derivative instruments for trading purposes.  The Company
has elected to enter into swap transactions, covering approximately 28.5% of its
natural  gas  production  through  April 2002.  If gas prices changed by 10%, it
would  have  an  impact  of  approximately  $0.3  million.

FOREIGN  CURRENCY  TRANSLATION
------------------------------

     Some  of  the  Company's  transactions  are  denominated  in New Zealand or
Australian  dollars.  For  foreign  operations  with  the  local currency as the
functional  currency,  assets  and  liabilities are translated at the period end
exchange  rates, and statements of income are translated at the average exchange
rates  during  the  period.  Gains  and  losses  resulting from foreign currency
translation  are  included  as  a  component  of  other  comprehensive  income.

                                       -14-

<PAGE>


PART  II.  OTHER  INFORMATION

ITEM  1.  LEGAL  PROCEEDINGS

The  Company has filed a lawsuit against Oracle Corporation seeking judgment for
approximately $5.4 million together with prejudgment interest and costs.  Oracle
has  answered  the  complaint  and has substantially denied all of the Company's
allegations  and  filed  a  counterclaim against the Company alleging that it is
owed  approximately  $1.2  million for prior services.  The case is in its early
stages and the Company intends to aggressively prosecute its case against Oracle
as  well  as  defend  against  the  counterclaims  of  Oracle.

The  Company,  along  with  various other Appalachian Basin producers filed suit
against  MarkWest  Hydrocarbon, Inc. seeking a preliminary injunction, permanent
injunction,  declaratory judgment and damages.  MarkWest has answered and denied
substantially  all  of  the  allegations  of  the  producers  and  has  filed  a
counterclaim against the producers alleging various causes of action.  On August
13,  2001  the  Court  in  its  Opinion  Order,  stated  in part "The Plaintiffs
(including the Company) are likely to prevail on the merits of their claim for a
breach  of contract".  The case is still in its early stages and the Company and
the producers intend to aggressively prosecute its case against MarkWest as well
as  defend  against  the  counterclaims  of  MarkWest.

The Company is involved in various other legal actions and claims arising in the
ordinary  course of business.  While the outcome of these other lawsuits against
the Company cannot be predicted with certainty, management does not expect these
matters  to  have  a  material  adverse  effect  on  the Company's operations or
financial  position.


ITEM  2.  CHANGES  IN  SECURITIES

None


ITEM  3.  DEFAULTS  UPON  SENIOR  SECURITIES

None


ITEM  4.  SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS

None


ITEM  5.  OTHER  INFORMATION

None


ITEM  6.  EXHIBITS  AND  REPORTS  ON  FORM  8-K

None

                                       -15-

<PAGE>


                                   SIGNATURES


     Pursuant  to  the  requirements of the Securities Exchange Act of 1934, the
registrant  has  duly caused this report to be signed on its behalf by the under
signed  thereunto, duly authorized, in the City of Denver, State of Colorado, on
the  14th  day  of  November,  2001.



                                                ENERGY  CORPORATION  OF  AMERICA




                                             By:     /s/John  Mork
                                                  ------------------------------
                                                  John  Mork
                                                  Chief  Executive  Officer
                                                  and  Director




                                             By:     /s/Joseph  E.  Casabona
                                                   -----------------------------
                                                   Joseph  E.  Casabona
                                                   Executive  Vice  President

                                       -16
<PAGE>