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, 2003.

                                       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 November 11, 2003 was 615,893 shares.


<PAGE>
<TABLE>
<CAPTION>
                          ENERGY CORPORATION OF AMERICA

                                TABLE OF CONTENTS


                                                                                PAGES
<S>                                                                             <C>

PART I  FINANCIAL INFORMATION

Item 1. Financial Statements

        Consolidated Balance Sheets
          September 30, 2003 (Unaudited) and June 30, 2003. . . . . . . . . . . .   3

        Unaudited Consolidated Statements of Operations
          For the three months ended September 30, 2003 and 2002. . . . . . . . .   5

        Unaudited Consolidated Statements of Cash Flows
          For the three months ended September 30, 2003 and 2002. . . . . . . . .   6

        Unaudited Consolidated Statements of Comprehensive Income
          For the three months ended September 30, 2003 and 2002. . . . . . . . .   7

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

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

        Item 3. Quantitative and Qualitative Disclosures About Market Risk. . . .  17

        Item 4. Controls and Procedures . . . . . . . . . . . . . . . . . . . . .  18


PART II  OTHER INFORMATION

        Item 1. Legal Proceedings . . . . . . . . . . . . . . . . . . . . . . . .  18

        Item 2. Changes in Securities . . . . . . . . . . . . . . . . . . . . . .  19

        Item 3. Defaults Upon Senior Securities . . . . . . . . . . . . . . . . .  19

        Item 4. Submission of Matters to a Vote of Security Holders . . . . . . .  20

        Item 5. Other Information . . . . . . . . . . . . . . . . . . . . . . . .  20

        Item 6. Exhibits and Reports on Form 8-K. . . . . . . . . . . . . . . . .  20

        Signatures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  20
</TABLE>


                                      -2-
<PAGE>
<TABLE>
<CAPTION>
PART  I  FINANCIAL  INFORMATION
ITEM  1.  FINANCIAL  STATEMENTS


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


                                                          SEPTEMBER 30,    JUNE 30,
                                                              2003           2003
                                                         ---------------  ----------
<S>                                                      <C>              <C>
 ASSETS

 CURRENT ASSETS
    Cash and cash equivalents                            $        2,636   $   4,831
   Accounts receivable:
     Oil and gas sales                                            7,678      10,380
     Gas aggregation and pipeline                                 9,114       9,458
     Other                                                        7,449       4,616
                                                         ---------------  ----------
         Accounts receivable                                     24,241      24,454
    Less allowance for doubtful accounts                         (1,280)     (1,616)
                                                         ---------------  ----------
         Accounts receivable net of allowance                    22,961      22,838

    Deferred income tax asset                                        41          41
    Deferred taxes, comprehensive income                            385         787
    Notes receivable, related party                               1,596       1,609
    Prepaid and other current assets                              2,218       1,410
                                                         ---------------  ----------
       Total current assets                                      29,837      31,516

 Property, plant and equipment, net of accumulated
    depreciation and depletion of $132,871 and $128,765         252,369     253,270

 OTHER ASSETS
    Deferred financing costs, net of accumulated
       amortization of $6,030 and $5,750                          2,819       3,098
    Notes receivable, related party                                 136         146
    Other                                                         7,776       7,804
                                                         ---------------  ----------
       Total other assets                                        10,731      11,048
                                                         ---------------  ----------

 TOTAL                                                   $      292,937   $ 295,834
                                                         ===============  ==========
</TABLE>


The  accompanying  notes  are  an  integral  part of the consolidated financial
statements.


                                      -3-
<PAGE>
<TABLE>
<CAPTION>
 ENERGY  CORPORATION  OF  AMERICA
 CONSOLIDATED  BALANCE  SHEETS
 (UNAUDITED  -  AMOUNTS  IN  THOUSANDS,  EXCEPT  SHARE  DATA)
----------------------------------------------------------------------------------------

                                                              SEPTEMBER 30,    JUNE 30,
                                                                  2003           2003
                                                             ---------------  ----------
<S>                                                          <C>              <C>
 LIABILITIES AND STOCKHOLDERS' EQUITY
 CURRENT LIABILITIES:
    Accounts payable and accrued expenses                    $       14,694   $  13,734
    Current portion of long-term debt                                   136         133
    Funds held for future distribution                               15,598      17,217
    Income taxes payable                                              1,872       1,484
    Accrued taxes other than income                                   8,884       9,643
    Derivatives                                                         168         810
    Other current liabilities                                         1,429       1,421
                                                             ---------------  ----------
       Total current liabilities                                     42,781      44,442

 LONG-TERM OBLIGATIONS:
    Long-term debt                                                  171,440     173,197
    Gas delivery obligation and deferred revenue                      2,812       2,917
    Deferred income tax liability                                    20,376      20,376
    Derivatives                                                         828       1,319
    Other                                                             8,043       8,311
                                                             ---------------  ----------
       Total liabilities                                            246,280     250,562

 COMMITMENTS AND CONTINGENCIES:
 Minority Interest                                                    1,580       1,594
 STOCKHOLDERS' EQUITY:
    Common stock, par value $1.00; 2,000,000 shares
       authorized; 730,039 shares issued                                730         730
    Class A stock, no par value; 100,000 shares authorized;
       51,555 shares issued                                           5,642       5,092
    Additional paid in capital                                        5,503       5,503
    Retained earnings                                                45,438      45,150
    Treasury stock and notes receivable arising from the
       issuance of common stock                                     (12,163)    (11,824)
    Accumulated other comprehensive loss                                (73)       (973)
                                                             ---------------  ----------
       Total stockholders' equity                                    45,077      43,678
                                                             ---------------  ----------
 TOTAL                                                       $      292,937   $ 295,834
                                                             ===============  ==========
</TABLE>


The  accompanying  notes  are  an  integral  part of the consolidated financial
statements.


                                      -4-
<PAGE>
<TABLE>
<CAPTION>
 ENERGY CORPORATION OF AMERICA
 CONSOLIDATED STATEMENTS OF OPERATIONS
 (UNAUDITED - AMOUNTS IN THOUSANDS, EXCEPT PER SHARE DATA)
-----------------------------------------------------------------------------
                                                           THREE MONTHS ENDED
                                                              SEPTEMBER 30
                                                           ------------------
                                                             2003      2002
                                                           --------  --------
<S>                                                        <C>       <C>
 REVENUES:
    Oil and gas sales                                      $14,141   $ 9,164
    Gas aggregation and pipeline sales                      15,509    11,922
    Well operations and service revenues                     1,391     1,467
    Other                                                        -        36
                                                           --------  --------
         Total revenues                                     31,041    22,589
                                                           --------  --------
 COST AND EXPENSES:
    Field operating expenses                                 2,717     2,485
    Gas aggregation and pipeline cost                       14,246    10,755
    General and administrative                               3,732     3,493
    Taxes, other than income                                   938       632
    Depletion and depreciation, oil and gas related          3,478     3,052
    Depreciation of pipelines and equipment                  1,026     1,037
    Exploration and impairment                                 997       572
                                                           --------  --------
         Total costs and expenses                           27,134    22,026
                                                           --------  --------
    Income from operations                                   3,907       563
 OTHER (INCOME) EXPENSE:
    Interest expense                                         3,807     4,700
    (Gain) loss on sale of assets                               (5)      229
    Interest income and other                                 (805)   (1,918)
                                                           --------  --------
 Income (loss) before income taxes and minority interest       910    (2,448)
 Income tax expense (benefit)                                  387      (824)
                                                           --------  --------
 Income (loss) before minority interest                        523    (1,624)
 Minority interest, net of tax                                  64        62
                                                           --------  --------
 NET INCOME (LOSS)                                         $   587   $(1,562)
                                                           ========  ========

 Basic and diluted earnings per common share:

      Basic                                                $  0.91   $ (2.38)
                                                           ========  ========
      Diluted (see Note 4)                                 $  0.89       N/A
                                                           ========  ========
</TABLE>


 The  accompanying  notes  are  an  integral  part of the consolidated financial
statements.


                                      -5-
<PAGE>
<TABLE>
<CAPTION>
 ENERGY CORPORATION OF AMERICA
 CONSOLIDATED STATEMENTS OF CASH FLOWS
 (UNAUDITED - AMOUNTS IN THOUSANDS)
---------------------------------------------------------------------------------
                                                              THREE MONTHS ENDED
                                                                 SEPTEMBER 30
                                                              -------------------
                                                                2003       2002
                                                              ---------  --------
<S>                                                           <C>        <C>
 CASH FLOWS FROM OPERATING ACTIVITIES
     Net income (loss)                                        $    587   $(1,562)
     Adjustments to reconcile net income (loss) to net cash
          provided (used) by operating activities:
     Depletion, depreciation and amortization                    4,504     4,088
     (Gain) loss on sale of assets                                  (5)      229
     Gain on purchase of senior bonds                             (546)   (1,765)
     Exploration and impairment                                    871       487
     Other, net                                                    434      (466)
                                                              ---------  --------
                                                                 5,845     1,011
     Changes in assets and liabilities:
     Accounts receivable                                            27     1,425
     Income taxes                                                  387      (625)
     Prepaid and other assets                                     (795)   (1,785)
     Accounts payable                                              226       697
     Funds held for future distribution                         (1,619)      132
     Other                                                        (407)   (1,069)
                                                              ---------  --------
     Net cash provided (used) by operating activities            3,664      (214)

 CASH FLOWS FROM INVESTING ACTIVITIES
     Expenditures for property, plant and equipment             (4,036)   (4,802)
     Proceeds from sale of assets                                    5     2,422
     Notes receivable and other                                     13      (152)
                                                              ---------  --------
     Net cash used by investing activities                      (4,018)   (2,532)

 CASH FLOWS FROM FINANCING ACTIVITIES
     Proceeds from long-term debt                               10,279    10,000
     Principal payments on long-term debt                      (11,465)   (3,892)
     Purchase of treasury stock                                   (358)     (207)
     Dividends paid                                               (297)     (263)
                                                              ---------  --------
     Net cash used by financing activities                      (1,841)    5,638
                                                              ---------  --------
     Net decrease in cash and cash equivalents                  (2,195)    2,892
     Cash and cash equivalents, beginning of period              4,831    17,775
                                                              ---------  --------
     Cash and cash equivalents, end of period                 $  2,636   $20,667
                                                              =========  ========
</TABLE>


The  accompanying  notes  are  an  integral  part of the consolidated financial
statements.


                                      -6-
<PAGE>
<TABLE>
<CAPTION>
 ENERGY CORPORATION OF AMERICA
 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
 (UNAUDITED - AMOUNTS IN THOUSANDS)
-------------------------------------------------------------------
                                                 THREE MONTHS ENDED
                                                    SEPTEMBER 30
                                                  ----------------
                                                   2003     2002
                                                  ------  --------
<S>                                               <C>     <C>
 Net income (loss)                                $  587  $(1,562)
 Other comprehensive income (loss), net of tax:
    Foreign currency translation adjustment:
       Current period change                         143     (323)
    Marketable securities:
       Current period change                           -       (6)
       Reclassification to earnings                    -      (16)
    Oil and gas derivatives:
       Current period transactions                   731     (428)
       Reclassification to earnings                   26       75
                                                  ------  --------
 Other comprehensive income (loss), net of tax       900     (698)
                                                  ------  --------
 Comprehensive income (loss)                      $1,487  $(2,260)
                                                  ======  ========
</TABLE>


The  accompanying  notes  are  an  integral  part  of the consolidated financial
statements.


                                      -7-
<PAGE>
                          ENERGY CORPORATION OF AMERICA
              NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2003


1.   Nature of Organization

     Energy  Corporation  of  America (the "Company") is a privately held energy
     company  engaged in the exploration, development, production, gathering and
     marketing  of  natural  gas and oil, primarily in the Appalachian Basin and
     Gulf  Coast  region.  The  Company  conducts business primarily through its
     principal  wholly  owned  subsidiaries, Eastern American Energy Corporation
     ("Eastern"), Westech Energy Corporation ("Westech"), and Westech Energy New
     Zealand  ("WENZ").  Eastern  is one of the largest oil and gas operators in
     the  Appalachian  Basin, including exploration, development and production,
     and  is  engaged  in the gathering and marketing of natural gas. Westech is
     involved  in  oil and gas exploration and development in the California and
     Gulf  Coast  regions  of the United States. WENZ is involved in oil and gas
     exploration  and  development  in New Zealand. As used herein the "Company"
     refers  to  the  Company  alone  or  together  with  one  or  more  of  its
     subsidiaries.

2.   Accounting Policies

     Reference  is  hereby  made to the Company's Annual Report on Form 10-K for
     the  fiscal  year  ended  June  30, 2003, 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,  2003  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.   Note Repurchases

     The Company purchased $2.04 million of its 9 1/2% Senior Subordinated Notes
     ("Notes")  during  the  quarter  ended  September  30,  2003  in  privately
     negotiated  transactions.


                                      -8-
<PAGE>
4.   Earnings per Share

     A  reconciliation  of the components of basic and diluted net income (loss)
     per  common  share  is  as  follows  for the net income (loss) available to
     common  stockholders:

<TABLE>
<CAPTION>
                                        NET INCOME (LOSS)
                                          (IN THOUSANDS)    SHARES    PER SHARE
                                        ------------------  -------  -----------
<S>                                     <C>                 <C>      <C>
Three months ended September 30, 2003
      Basic                             $             587   645,909  $     0.91
      Diluted                           $             587   660,175  $     0.89
Three months ended September 30, 2002
      Basic                             $          (1,562)  655,643  $    (2.38)
      Diluted (a)                       $          (1,562)  655,643      N/A
</TABLE>

     (a)  The  effect  of  outstanding  stock  options  was  not included in the
     computation  of  diluted  earnings per share for the period ended September
     30,  2002  because  to  do  so  would  have  been  antidilutive.

5.   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 gas aggregation and pipeline
     segment  arise  from the marketing of both Company and third party produced
     natural  gas  volumes  and  revenues  derived  from  gathering and pipeline
     services  (functions) provided for Company and third party natural gas. The
     Company  utilizes earnings before interest, taxes, depreciation, depletion,
     amortization  and  exploration and impairment costs ("EBITDAX") to evaluate
     the  operations  of  each  segment.  Reconciliation  of  non-GAAP financial
     measure  is  as  follows  (in  thousands):

<TABLE>
<CAPTION>
                                                September 30,    September 30,
                                                     2003            2002
                                                --------------  --------------
<S>                                            <C>             <C>
 Net income (loss)                             $          587  $       (1,562)

Add:
 Interest expense                                       3,807           4,700
 Depletion, depreciation, amortization-o&g              3,478           3,052
 Depletion, depreciation, amortization-other            1,026           1,037
 Impairment & exploratory costs                           997             572
 Income tax expense (benefit)                             387            (824)
                                               --------------  ---------------
EBITDAX                                        $       10,282  $        6,975
                                               ==============  ===============
</TABLE>


                                      -9-
<PAGE>
<TABLE>
<CAPTION>
     Summarized  financial information for the Company's reportable segments for
     operations  is  as  follows  (in  thousands):

                                                 Exploration &    Gas Aggregation
                                                   Production       & Pipeline       Other    Consolidated
                                                 --------------  -----------------  -------  -------------
<S>                                             <C>             <C>                <C>       <C>
For the three months ended September 30, 2003
---------------------------------------------
   Revenue from unaffiliated customers          $       15,532  $         15,509   $     -   $      31,041
   Depreciation, depletion, amortization                 3,808               160       536           4,504
   Exploration and impairment costs                        981                16         -             997
   Income (loss) from operations                         3,478               614      (185)          3,907
   Interest expense, net                                 5,698            (1,780)     (191)          3,727
   EBITDAX                                               9,426               753       103          10,282
   Total assets                                        188,371            89,111    15,455         292,937
   Capital expenditures                                  3,937                 3        96           4,036

----------------------------------------------------------------------------------------------------------

For the three months ended September 30, 2002
---------------------------------------------
   Revenue from unaffiliated customers          $       10,632  $         11,922   $    35   $      22,589
   Depreciation, depletion, amortization                 3,355               203       531           4,089
   Exploration and impairment costs                        572                 -         -             572
   Income (loss) from operations                           563               454      (454)            563
   Interest expense, net                                 5,256            (1,483)      769           4,542
   EBITDAX                                               5,003               622     1,350           6,975
   Total assets                                        184,781            76,284    42,330         303,395
   Capital expenditures                                  4,593                36       173           4,802
----------------------------------------------------------------------------------------------------------
</TABLE>

     Income  (loss)  from  operations  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 and
     non-reportable  segments.  Included  in the total assets of the exploration
     and  production segment are net long-lived assets located in New Zealand of
     $6.2  million  and  $3.3  million  as  of  September  30,  2003  and  2002.

6.   Derivative Instruments

     The  Company  periodically  hedges  a portion of its 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, 2003, the Company had
     recorded a $0.58 million other comprehensive loss, $0.39 million short-term
     deferred  tax  asset,  $0.17 million short-term derivative liability, $0.83
     million  long-term  derivative  liability,  and $0.03 million in recognized
     expense  due  to  ineffectiveness. The estimated net amount of the existing
     losses  within  other  comprehensive  income  that  are  expected  to  be
     reclassified  into  earnings within the next twelve months is approximately
     $0.1  million.  The  Company  has  partially  hedged  its  exposure  to the
     variability  in  future  cash  flows  through  June  2005.


                                      -10-
<PAGE>
7.   Contingencies

     In  addition to the matters discussed in Legal Proceedings at Part II, Item
     1,  the  Company  is  involved  in  various  other legal actions and claims
     arising  in  the  ordinary  course  of  business.  While the outcome of the
     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.

8.   Subsequent Event

     During  October,  2003, ECA offered its employees that were participants in
     the  2003 Profit Sharing program, the opportunity to purchase Class A stock
     having certain restrictions. Employees were awarded the right to purchase a
     specified number of shares, with the restrictions expiring over a specified
     period of time. Participants have until December 15, 2003 to purchase their
     respective  shares.


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 Part I, Item 1.


                                      -11-
<PAGE>
COMPARISON  OF  RESULTS  OF  OPERATIONS FOR THE THREE MONTHS ENDED SEPTEMBER 30,
--------------------------------------------------------------------------------
2003  AND  2002
---------------

     The  Company  recorded  net  income  of  $0.6 million for the quarter ended
September  30, 2003 compared to a net loss of $1.6 million for the quarter ended
September  30,  2002.  The  increase  in net income of $2.2 million is primarily
attributable  to  the  net  of a $8.5 million increase in revenues, $5.1 million
increase  in costs and expenses, $0.9 million decrease in interest expense, $1.1
million  decrease in interest income and other, $0.2 million decrease in loss on
sale  of  assets,  and  a  $1.2  million  increase  in  income  tax  expense.


                                      -12-
<PAGE>
     Production, gas aggregation and pipeline volumes, revenue and average sales
prices  for  the  quarters ended September 30 and their related variances are as
follows:

<TABLE>
<CAPTION>
                                            THREE MONTHS ENDED
                                                SEPTEMBER 30       VARIANCE
                                              ----------------  -----------------
                                               2003     2002    AMOUNT   PERCENT
                                              -------  -------  -------  --------
<S>                                           <C>      <C>      <C>      <C>
 Natural Gas
     Production (Mmcf)                         2,768    2,531      237       9.4%
     Average sales price received ($/Mcf)       5.01     3.33     1.68      50.5%
                                              -------  -------  -------  --------
     Sales ($ in thousands)                   13,873    8,436    5,437      64.4%
 Oil
     Production (Mbbl)                            33       30        3      10.0%
     Average sales price received ($/Bbl)      27.79    23.17     4.62      19.9%
                                              -------  -------  -------  --------
     Sales ($ in thousands)                      917      695      222      31.9%
 Hedging ($ in thousands)                       (745)     (62)    (683)   1101.6%
 Other ($ in thousands)                           96       95        1       1.1%
                                              -------  -------  -------  --------
 Total oil and gas sales ($ in thousands)     14,141    9,164    4,977      54.3%
                                              =======  =======  =======  ========
 Gas Aggregation Revenue
     Volume (Mdth)                             2,347    2,432      (85)     -3.5%
     Average sales price received ($ per Dth)   4.98     3.70     1.28      34.6%
                                              -------  -------  -------  --------
     Sales ($ in thousands)                   11,678    9,002    2,676      29.7%
 Pipeline Revenue
     Volume (Mdth)                             1,411    1,479      (68)     -4.6%
     Average sales price received ($ per Dth)   2.72     1.97     0.75      38.1%
                                              -------  -------  -------  --------
     Sales ($ in thousands)                    3,831    2,920      911      31.2%
                                              -------  -------  -------  --------
 Total Gas Aggregation and Pipeline
     Revenues ($ in thousands)                15,509   11,922    3,587      30.1%
                                              =======  =======  =======  ========
 Gas Aggregation Cost
     Volume (Mdth)                             2,347    2,432      (85)     -3.5%
     Average price paid ($ per Dth)             4.78     3.46     1.32      38.2%
                                              -------  -------  -------  --------
     Cost ($ in thousands)                    11,218    8,416    2,802      33.3%
 Pipeline Gas Cost
     Volume (Mdth)                             1,115    1,184      (69)     -5.8%
     Average price paid ($ per Dth)             2.72     1.98     0.74      37.4%
                                              -------  -------  -------  --------
     Cost ($ in thousands)                     3,028    2,339      689      29.5%
                                              -------  -------  -------  --------
 Total Gas Aggregation and
     Pipeline Cost ($ in thousands)           14,246   10,755    3,491      32.5%
                                              =======  =======  =======  ========
</TABLE>


                                      -13-
<PAGE>
     REVENUES.  Total  revenues  increased  $8.5  million  or  37.4% between the
     ---------
periods.  The  increase  was due to a $5.0 million increase in oil and gas sales
and  a  $3.6  million  increase  in  gas  aggregation  and pipeline sales.  Well
operations  and  service  revenues  remained  relatively  constant.

     Revenues  from  oil and gas sales increased a net of $5.0 million from $9.2
million  for  the  quarter  ended  September  30,  2002 to $14.2 million for the
quarter  ended September 30, 2003.  Natural gas sales increased $5.4 million and
oil sales increased $0.2 million.  The net increase in gas production revenue is
attributable  to  the  increase in gas prices and an increase in gas production.
The  price  increase  is a result of the rise in the related natural gas indexes
and  the  increase  in  production is primarily due to wells drilled in the Gulf
Coast  region.  Sales  were  reduced  by  recognized  losses  on related hedging
transactions  and  other  revenue,  which totaled a loss of $0.7 million for the
quarter  ended  September  30,  2003  compared to a gain of $0.3 million for the
quarter  ended  September  30,  2002.

      Revenues  from  gas  aggregation and pipeline sales increased $3.6 million
from  $11.9  million during the period ended September 30, 2002 to $15.5 million
in  the  period ended September 30, 2003. Gas aggregation revenue increased $2.7
million  primarily  as  a  result of an increase in the average sales price that
corresponds to the rise in the related natural gas price indexes for this period
compared  to  the  prior period. Offsetting this increase in average sales price
was a decrease in gas volumes aggregated for sale. Pipeline revenue, which has a
sales  and  gathering component, increased $0.9 million primarily as a result of
an  increase  in  the  average  sales  price that corresponds to the rise in the
related  natural gas price indexes for this period compared to the prior period.
Pipeline  volumes declined compared to the prior period primarily due to natural
production  declines  on  the  system.

      COSTS  AND  EXPENSES.  The  Company's  costs  and  expenses increased $5.1
     ---------------------
million between the periods primarily as a net result of a $3.5 million increase
in  gas  aggregation  and pipeline costs, $0.4 million increase in depreciation,
depletion,  and  amortization  costs,  $0.3  million  increase  in  general  and
administrative  expenses,  $0.4  million  increase in exploration and impairment
costs,  $0.3  million  increase  in  taxes other than income, and a $0.2 million
increase  in  field  and  lease  operating  expense.

     Gas aggregation and pipeline costs increased $3.5 million.  Gas aggregation
costs  increased  $2.8  million  and pipeline costs increased $0.7 million.  The
increase  in costs is primarily attributable to the increase in average price of
gas  that corresponds to the rise in the related natural gas indexes offset by a
decrease  in  volume  for  this  period  compared  to  the  prior  period.

     Depletion,  depreciation,  and amortization expenses increased $0.4 million
primarily  due  to  an  increase in the depletion rate as well as an increase in
production.

     General  and  administrative expenses increased $0.3 million as compared to
the  same  period  in  the  prior  year  primarily  as  a  result  of  increased
compensation  costs.

     Exploration and impairment costs increased $0.4 million primarily due to an
increase  in  dry  hole  expense  related  to  exploratory  wells drilled in the
Appalachian  Basin  and  the West in the current period compared with no related
exploratory  dry  hole  expenses  in  the  prior  period.

     Taxes  other  than income increased $0.3 million due to the increase in oil
and  gas  sales for the current year as compared to the same period in the prior
year.  Wellhead  oil and gas sales revenue, on which production taxes are based,
was  higher  for  the  current  year.

     Field  and  lease  operating expenses increased $0.2 million primarily as a
result  of an increase in the number of producing wells in the Gulf Coast region
together  with increases in several lease operating expenses in the East region.


                                      -14-
<PAGE>
     INTEREST  EXPENSE.  Interest  expense decreased $0.9 million when comparing
     -----------------
the  periods  primarily due to the repurchase of $61.9 million face value of the
Company's senior notes since September 30, 2002.

     INTEREST  INCOME  AND  OTHER.  Other  income  decreased  $1.1  million when
    ------------------------------
comparing the periods.  This decrease between the periods is mainly attributable
to a decrease in recognized gains on the purchase of senior bonds.


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

     The  Company's financial condition has improved since June 30, 2003, but at
the  same  time,  there  has  been a slight decrease in the Company's liquidity.
Stockholders'  equity has increased from $43.7 million at June 30, 2003 to $45.1
million at September 30, 2003. The Company's working capital of a negative $12.9
million  at  June  30,  2003  remained a negative $12.9 million at September 30,
2003.  However,  the Company's cash decreased from $4.8 million at June 30, 2003
to  $2.6  million at September 30, 2003. The Company's cash at November 12, 2003
was  $2.0  million.  The change in cash during the quarter of approximately $2.2
million  resulted  from various operating, investing and financing activities of
the  Company.  The  activities  were  primarily  comprised  of: the borrowing of
approximately  $0.3  million  under  the  Company's $50 million revolving Credit
Agreement  (the  "Agreement");  the  investment of approximately $4.0 million in
property,  plant  and  equipment; payments of approximately $1.5 million for the
purchase  of  a  portion  of  the  Company's  outstanding  Notes;  payments  of
approximately  $0.7 million for the acquisition of treasury stock and dividends;
and  approximately  $3.7  million  of  cash  provided  by  operations during the
quarter.

          At  September  30,  2003,  the Company's principal source of liquidity
consisted  of  $2.6  million  of cash, $0.9 million available under an unsecured
credit  facility  currently  in place, plus amounts available under the Foothill
Capital  Corporation  Agreement.  Foothill  Capital  Corporation is now known as
Wells  Fargo  Foothill,  Inc. ("Foothill").  At September 30, 2003, $1.1 million
was  outstanding  or  committed  under  the short-term credit facility and $39.5
million  was  outstanding  under  the  Agreement.

     On  July  10,  2002,  the Company entered into the Agreement with Foothill.
Depending on its level of borrowing under the Agreement, the applicable interest
rates  are  based on Wells Fargo's prime rate plus 0.50% to 2.50%. The Agreement
expires  on  July  10, 2005. The Agreement is secured by certain of the existing
proved  producing  oil and gas assets of the Company. The Agreement, among other
things,  restricts  the ability of the Company and its subsidiaries to incur new
debt,  grant  additional security interests in its collateral, engage in certain
merger  or  reorganization  activities,  or  dispose of certain assets. Upon the
occurrence  of  an event of default, the lenders may terminate the Agreement and
declare  all  obligations thereunder immediately due and payable. As of November
12, 2003, there are $36.8 million in outstanding borrowings under the Agreement.
In  addition, the Company is making a $6.2 million interest payment on the Notes
on  November 17, 2003, which will further increase the amount borrowed under the
Agreement.  Under  the  Indenture  for  the  Company's  Notes,  the  Company  is
restricted from incurring additional debt in excess of the $50 million available
under the Agreement unless the Company's fixed charge coverage ratio, as defined
in  the  Indenture,  is at least 2.5 to 1. Currently, the Company's fixed charge
coverage  ratio  is  estimated  to  be  greater  than  2.5  to  1.


                                      -15-
<PAGE>
     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, cash generated by the sale of assets and interest expense.  EBITDAX,
before  inclusion of the gain on the purchase of the Company's Notes, for fiscal
year  2003  was $37.2 million.  EBITDAX for fiscal years 2002 and 2001 was $19.7
million  and  $33.7  million, respectively.  Management anticipates that EBITDAX
from  oil  and gas operations for fiscal year 2004 will approximate $50 million.
The  Company's  ability  to  achieve  EBITDAX  of  $50  million from oil and gas
operations  for  fiscal  year  2004  is  highly  dependant  on product price and
continued  drilling  success.  For  fiscal 2004, the Company is using an average
price  assumption of over $5 per Mcfe and production of approximately 14.0 Bcfe,
which  is  an  increase  of  approximately  35%  in  the  production  amount  of
approximately  10.4  Bcfe  in fiscal year 2003.  There can be no assurance given
that  the  Company  will  be able to achieve these goals. Although cash provided
from  oil  and  gas operations may not be sufficient to fully fund the Company's
fiscal  year  2004  projected  interest  charges  of  over  $15 million, capital
expenditures  program  of  $32 million, and other uses, management believes that
cash  generated  from  continuing  oil  and  gas  operations,  together with the
liquidity  provided by existing cash balances, permitted borrowings and the cash
proceeds  resulting  from  the  sale  of  certain  assets, will be sufficient to
satisfy  commitments for capital expenditures, debt service obligations, working
capital  needs  and  other  cash  requirements  for  the  next  fiscal  year.

     In order to reduce future cash interest payments, as well as future amounts
due at maturity or upon redemption, the Company may, from time to time, purchase
its  outstanding  Notes  in  open  market  purchases and/or privately negotiated
transactions.  The  Company will evaluate any such transactions in light of then
existing  market  conditions, taking into account its liquidity, uses of capital
and  prospects  for  future access to capital.  The amounts involved in any such
transaction,  individually  or  in  the  aggregate,  may  be  material.

     The  Company  believes that its existing capital resources and its expected
fiscal  year 2004 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.  See  Part II Item 1 "Legal
Proceedings"  for  a  discussion  related  to the Company's receipt of Notice of
Default  from  certain  holders  of  the  Notes.


                                      -16-
<PAGE>
ITEM  3.  QUANTITATIVE  AND  QUALITATIVE  DISCLOSURES  ABOUT  MARKET  RISK
--------------------------------------------------------------------------

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

     The  Company's  operations  consist  primarily of exploring for, producing,
aggregating  and  selling  natural  gas  and  oil.  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 commodity
price  risk.  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 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.
Ineffectiveness  is  recorded  in current earnings. The Company does not hold or
issue  derivative  instruments  for trading purposes.  The Company currently has
elected  to  enter  into  derivative hedge transactions and fixed price physical
delivery contracts on its estimated production covering approximately 60% to 70%
for  the  fiscal  year  ending June 30, 2004; and 35% to 45% for the fiscal year
ending  June  30,  2005.


As  of  September  30,  2003,  the Company's open gas derivative instruments and
fixed  price  delivery  contracts  were  as  follows:

<TABLE>
<CAPTION>
                                             Total      Average
                                   Market   Volumes    Contract      Unrealized
           Time period             Index    (MMBtu)      Price     (Gains) Losses
---------------------------------  ------  ----------  ---------  ----------------
<S>                                <C>     <C>         <C>        <C>
Derivatives

   Natural Gas Swaps

       October 2003 - June 2004    NYMEX      822,000  $    4.05  $       683,883

       February 2004 - March 2004  NYMEX       60,000       6.23          (62,153)

       July 2004 - June 2005       NYMEX    3,240,000       4.54          962,665
                                           ----------             ----------------

       Unrealized (Gains) Losses            4,122,000             $     1,584,395
                                           ----------             ================

Physical Contracts

   Fixed Price Delivery Contracts

       October 2003 - June 2004             4,953,500  $    4.50

       July 2004 - October 2004               338,250       4.85
                                           ----------

Total Hedged Production                     9,413,750
                                           ==========
</TABLE>


                                      -17-
<PAGE>
     Notwithstanding the above, the Company's future cash flows from gas and oil
production  are  exposed  to  significant volatility as commodity prices change.
Assuming  total  oil  and  gas  production,  pricing,  and the percentage of gas
production  hedged  under physical delivery contracts and derivative instruments
remain  at  September  2003  levels, a 10% change in the average unhedged prices
realized  would  change the Company's gas and oil revenues by approximately $0.2
million  on  a  quarterly  basis.

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.  Assuming the variable interest debt remained
at the September 30, 2003 level, a 10% change in rates would have a $0.3 million
impact on interest expense on an annual basis.  The Company has not attempted to
hedge  the  interest  rate  risk  associated  with  its  debt.

FOREIGN CURRENCY EXCHANGE RISK
------------------------------

     Some  of the Company's transactions are denominated in New Zealand 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.


ITEM  4.  CONTROLS  AND  PROCEDURES
-----------------------------------

     Under  the  supervision  and  with  the  participation  of  our management,
including  our  principal executive officer and principal financial officer, the
Company  has  evaluated  the  effectiveness  of  the design and operation of our
disclosure  controls  and  procedures  within 90 days of the filing date of this
quarterly report and, based on their evaluation, our principal executive officer
and  principal  financial  officer  have  concluded  that  these  controls  and
procedures  are  effective.  There  were  no significant changes in our internal
controls  or  in  other  factors  that could significantly affect these controls
subsequent  to the date of their evaluation.  Disclosure controls and procedures
are  our  controls  and  other  procedures  that  are  designed  to  ensure that
information required to be disclosed by us in the reports that we file or submit
under  the  Securities Exchange Act of 1934, as amended, is recorded, processed,
summarized and reported, within the time periods specified in the Securities and
Exchange  Commission's  rules  and  forms.  Disclosure  controls  and procedures
include,  without  limitation,  controls  and procedures designed to ensure that
information required to be disclosed by us in the reports that we file under the
Securities  Exchange  Act  is  accumulated  and  communicated to our management,
including  our  principal  executive officer and principal financial officer, as
appropriate  to  allow  timely  decisions  regarding  required  disclosure.


PART  II.  OTHER  INFORMATION

ITEM  1.  LEGAL  PROCEEDINGS

     As  previously  disclosed,  on  December  27,  2001, the Company received a
Notice  of  Default  from  certain  holders  of  its  $200 million 9 1/2% Senior
Subordinate Notes due 2007 (the "Notes") alleging a default under Section 4.9 of
the  Indenture  pursuant  to  which  the  Notes were issued. The alleged default


                                      -18-
<PAGE>
related to the proper calculation of Net Proceeds of an Asset Sale, particularly
with  respect  to  the  deduction  for taxes paid or payable as a result of such
sale.  On  December 28, 2001, the Company filed a declaratory judgment action in
the United States District Court for the Southern District of West Virginia (the
"Court")  against the holders of the Notes who issued the Notice of Default (the
"Noteholders"),  asking  the  court  to  confirm  the  proper calculation of Net
Proceeds  of  an Asset Sale under the Indenture.  On January 25, 2002, the Court
entered  an  order  denying  the Noteholders' Motion to Dismiss and granting the
Company's  Motion  for  Partial  Summary  Judgment,  which  order  approved  the
Company's methodology in calculating taxes paid or payable in connection with an
Asset  Sale.  On  February  28,  2002,  the  Noteholders  filed  an  answer  and
counterclaim  in the declaratory Judgment action.  The counterclaim alleged that
the  Company's  sale  of  Mountaineer  in  August  of 2000 constituted a sale of
substantially  all  assets  of  the  Company,  as  opposed to an Asset Sale, and
invoked  certain  obligations  under the Indenture to repurchase the outstanding
Notes.  On  March  25,  2002,  the  Company  filed its Second Motion for Partial
Summary  Judgment, asserting that the Noteholders were barred from asserting the
counterclaim.  On  June  3,  2002,  the  United  States  District  Court for the
Southern  District  of  West  Virginia  entered  an order granting the Company's
Second  Motion  for  Partial  Summary  Judgment,  which  order  dismissed  the
Noteholders'  claim  on the basis of judicial admissions and equitable estoppel.
On  May  22,  2002,  the  Noteholders filed a "Motion for Reconsideration of the
Court's January 25, 2002 Order and Permission to Take Limited Discovery in Order
to  Supplement  the  Record".  The  Court  entered an Order dated July 19, 2002,
denying  the  Noteholders'  Motion  for  Reconsideration.  On July 27, 2002, the
Noteholders  filed  a Notice of Appeal in the United States Court of Appeals for
the  Fourth Circuit.  The Noteholders subsequently filed a motion to voluntarily
dismiss  the  appeal  without prejudice.  This motion was granted and the matter
was  remanded  to  the District Court.  The District Court entered a Stipulation
and  Final  Judgment  on December 3, 2002 and a Judgment Order dated December 4,
2002.  This discussion is qualified in its entirety by the foregoing Stipulation
and  Final Judgment dated December 3, 2002 and the Judgment Order dated December
4,  2002,  which  have  been  previously  filed  and  are incorporated herein by
reference.

     On  December  9,  2002, certain Noteholders filed a Notice of Appeal to the
United  States  Court of Appeals for the Fourth Circuit from the Stipulation and
Final  Judgment  Order dated December 3, 2002, and the Judgment order entered on
December  4,  2002.  Briefing  was  completed  and  oral arguments were heard on
September  25,  2003.  The  Company  is  awaiting  the  Court's  decision.

     The Company and Prudential Securities Incorporated ("Prudential") have been
in  a  long-standing  dispute  related  to  certain fees. The Company has denied
Prudential's  allegations, and is of the opinion that the matter is not material
regardless  of  the  outcome.

     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


                                      -19-
<PAGE>
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

a)   Exhibits:

     31.1 Certification  of  Chief  Executive Officer Pursuant to Section 302 of
          the  Sarbanes-Oxley  Act  of  2002

     31.2 Certification  of  Chief  Financial Officer Pursuant to Section 302 of
          the  Sarbanes-Oxley  Act  of  2002

b)   Reports on Form 8-K:

None



                                   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  13th  day  of  November  2003.



                                            ENERGY CORPORATION OF AMERICA




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


                                            By:   /s/  Michael  S.  Fletcher
                                               ---------------------------------
                                            Michael  S.  Fletcher
                                            Chief  Financial  Officer



                                      -20-
<PAGE>