1

                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C.  20549

                                   FORM 10-QSB


             QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                       SECURITIES AND EXCHANGE ACT OF 1934

For  the  quarterly period ended June 30, 2000               Commission File No.
0-6119

                             TRI-VALLEY CORPORATION
             (Exact name of registrant as specified in its charter)

DELAWARE                    84-0617433
(State  or  other  jurisdiction of          (I.R.S. Employer Identification No.)
incorporation  or  organization)

      230 SOUTH MONTCLAIR STREET, SUITE 101, BAKERSFIELD, CALIFORNIA 93309
                    (Address of principal executive offices)

                                 (661) 837-9300
              (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 Registrant's common stock outstanding at June 30, 2000
was  19,529,248.

<PAGE>

                        TRI-VALLEY CORPORATION

                                      INDEX
<TABLE>
<CAPTION>


                                                                Page
                                                                ----
<S>                                                             <C>
PART I - FINANCIAL INFORMATION . . . . . . . . . . . . . . . .     4

    Item 1.  Consolidated Financial Statements . . . . . . . .     4


    Item 2.  Management's Discussion and Analysis of Financial
                Condition and Results of Operations. . . . . .     8


PART II - OTHER INFORMATION. . . . . . . . . . . . . . . . . .    11

    Item 1.  Legal Proceedings . . . . . . . . . . . . . . . .    11

    Item 2.  Changes in Securities . . . . . . . . . . . . . .    11

    Item 6.  Exhibits and Reports on Form 8-K. . . . . . . . .    11

SIGNATURES . . . . . . . . . . . . . . . . . . . . . . . . . .    12



To  the  Board  of  Directors
Tri-Valley  Corporation
Bakersfield,  California


We  have reviewed the accompanying balance sheet of Tri-Valley Corporation as of
June  30,  2000,  and  related  statements  of income and cash flows for the six
months then ended, in accordance with Statements on Standards for Accounting and
Review  Services  issued  by  the  American  Institute  of  Certified  Public
Accountants.  All  information  included  in  these  financial statements is the
representation  of  the  management  of  Tri-Valley  Corporation.

A  review  consists principally of inquiries of Company personnel and analytical
procedures  applied to financial data. It is substantially less in scope than an
audit in accordance with generally accepted auditing standards, the objective of
which  is  the expression of an opinion regarding the financial statements taken
as  a  whole.  Accordingly,  we  do  not  express  such  an  opinion.

Based  on  our  review,  with  the  exception  of  the  matters described in the
following  paragraph, we are not aware of any material modifications that should
be  made  to  the  accompanying  financial statements in order for them to be in
conformity  with  generally  accepted  accounting  principles.

Management has elected to omit, in accordance with SEC regulations pertaining to
the filing of the 10-QSB, substantially all of the disclosures and the statement
of shareholders' equity required by generally accepted accounting principles. If
the  omitted disclosures and the statement of shareholders' equity were included
in  the  financial statements, they might influence the user's conclusions about
the  Company's  financial  position,  results  of  operations,  and  cash flows.
Accordingly,  these  financial statements are not designed for those who are not
informed  about  such  matters.

     BROWN  ARMSTRONG  RANDALL
     REYES  PAULDEN  &  McCOWN
     ACCOUNTANCY  CORPORATION








Bakersfield,  California
July  31,  2000









</TABLE>




<PAGE>

                                       4

PART  I  -  FINANCIAL  INFORMATION

ITEM  1.  UNAUDITED  CONSOLIDATED  FINANCIAL  STATEMENTS
          ----------------------------------------------

                             TRI-VALLEY CORPORATION
                           CONSOLIDATED BALANCE SHEETS


                                     ASSETS

<TABLE>
<CAPTION>


                                     (Unaudited)    (Audited)
                                     ------------  -----------
<S>                                  <C>           <C>
Current Assets
  Cash. . . . . . . . . . . . . . .  $  2,932,485  $ 8,050,469
  Accounts receivable, trade. . . .       215,394      155,184
  A/R Related Parties . . . . . . .         3,750          -0-
  Prepaid expenses. . . . . . . . .         2,029        2,029
                                     ------------  -----------

    Total Current Assets. . . . . .     3,153,658    8,207,682
                                     ------------  -----------

Property and Equipment, Net . . . .     1,156,752    1,059,755
                                     ------------  -----------

Other Assets
  Deposits. . . . . . . . . . . . .       100,105      100,000
  Note Receivable . . . . . . . . .       125,000      125,000
  Acquisition Costs . . . . . . . .        51,270       50,000
  Investments in partnerships . . .        12,006       12,006
  Other . . . . . . . . . . . . . .        13,914       13,914
  Well Database (net of accumulated
    amortization of $38,525 at
    June 30, 2000 and $37,755
    at December 31, 1999. . . . . .        70,125       70,895
  Goodwill (net of accumulated
    amortization of $205,170 at
  June 30, 2000 and $199,747
    at December 31, 1999. . . . . .       228,683      234,106
                                     ------------  -----------

      Total Other Assets. . . . . .       601,103      605,921
                                     ------------  -----------

      Total Assets. . . . . . . . .  $  4,911,513  $ 9,873,358
                                     ============  ===========
</TABLE>
          June  30,  2000          Dec.  31,  1999


<PAGE>
     The  accompanying  notes  are  an  integral  part  of  these
     condensed  financial  statements.

                                        7







                      LIABILITIES AND SHAREHOLDERS' EQUITY
<TABLE>
<CAPTION>


                                         June 30, 2000    Dec. 31, 1999
                                        ---------------  ---------------
<S>                                     <C>              <C>
CURRENT LIABILITIES
  Notes and contracts payable. . . . .  $       10,554   $       10,554
  Trade accounts payable . . . . . . .       1,351,934          391,104
  Amounts payable to joint venture
    participants . . . . . . . . . . .         149,834           95,986
  Advances from joint venture
    participants . . . . . . . . . . .       1,348,539        7,877,600
                                        ---------------  ---------------

    Total Current Liabilities. . . . .       2,860,861        8,375,244
                                        ---------------  ---------------

Long-term Portion of Notes and
  Contracts Payable. . . . . . . . . .          16,700           21,055
                                        ---------------  ---------------


Commitments

Shareholders' Equity
  Common stock, $.001 par value:
    50,000,000 shares authorized;
    19,529,248  and  19,301,248 issued
    and outstanding at June 30, 2000
    and Dec. 31, 1999, respectively. .          19,492           19,281
  Less:  Common stock in treasury,
   at cost, 157,925 shares . . . . . .         (45,163)         (45,163)
  Capital in excess of par value . . .       8,594,851        8,344,462
  Accumulated deficit. . . . . . . . .      (6,535,228)      (6,841,521)
                                        ---------------  ---------------

    Total Shareholders' Equity . . . .       2,033,952        1,477,059
                                        ---------------  ---------------

    Total Liabilities and
      Shareholders' Equity . . . . . .  $    4,911,513   $    9,873,358
                                        ===============  ===============
</TABLE>



<PAGE>
                             TRI-VALLEY CORPORATION
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)

<TABLE>
<CAPTION>

                                       For  the  Six  Months
                                       ---------------------
                                          Ended  June  30,
                                          ----------------

                                       2000          1999
                                    -----------  ------------
<S>                                 <C>          <C>
Revenues
  Sale of oil and gas. . . . . . .  $   339,084  $   290,870
  Other income . . . . . . . . . .    1,428,277       95,535
  Interest income. . . . . . . . .       42,862        6,849
                                    -----------  ------------

    Total Revenues . . . . . . . .    1,810,223      393,254
                                    -----------  ------------


Cost and Expenses
  Oil and gas lease expense. . . .       62,710       49,572
  Mining exploration expense . . .       49,903       90,633
  Project geology, geophysics,
    Land & administration. . . . .      321,323          -0-
  Depletion, depreciation and
    amortization . . . . . . . . .       39,722       77,701
  Interest . . . . . . . . . . . .        7,798        7,566
  General and administrative . . .      628,239      527,565
                                    -----------  ------------

    Total Cost and Expenses. . . .    1,503,935      753,037
                                    -----------  ------------

Net (Loss)/Profit. . . . . . . . .  $   306,288  $  (359,783)
                                    ===========  ============


Net (Loss)/Profit per Common Share  $       .02  $      (.01)
                                    ===========  ============

Weighted Average Number of Shares.   19,335,915   19,088,248
                                    ===========  ============
</TABLE>



<PAGE>
                             TRI-VALLEY CORPORATION
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)


<TABLE>
<CAPTION>

                                                           For  the  Six  Months
                                                           ---------------------
                                                              Ended  June  30,
                                                              ----------------

                                                            2000         1999
                                                        ------------  -----------
<S>                                                     <C>           <C>
Cash Flows from Operating Activities
  Net loss/profit. . . . . . . . . . . . . . . . . . .  $   306,288   $ (359,783)
  Adjustments to reconcile net income
    to net cash used from operating activities:
      Depreciation, depletion and amortization . . . .       39,722       77,701
      Changes in operating capital:
      Amounts receivable . . . . . . . . . . . . . . .      (60,210)     101,614
      Deposits . . . . . . . . . . . . . . . . . . . .         (105)           -
      Trade accounts payable . . . . . . . . . . . . .      960,830     (122,651)
      Amounts payable to joint venture
        participants and related parties . . . . . . .       53,848      (85,449)
      Advances from joint venture
        participants . . . . . . . . . . . . . . . . .   (6,529,061)     480,757
                                                        ------------  -----------


Net Cash Used by Operating Activities. . . . . . . . .   (5,228,583)     (92,189)
                                                        ------------  -----------

Cash Flows from Investing Activities
  Capital expenditures . . . . . . . . . . . . . . . .     (135,640)    (116,671)
                                                        ------------  -----------

Cash Flows from Financing Activities
    Principal payments on long-term debt . . . . . . .       (4,361)           0
  Proceeds from issuance of common stock . . . . . . .      250,600       (3,308)
                                                        ------------  -----------
      Net Cash Provided (used) by Financing Activities      246,239       (3,308)
                                                        ------------  -----------

Net Decrease in Cash and Cash Equivalents. . . . . . .   (5,117,984)     (27,790)
Cash and Cash Equivalents at Beginning
  Of Period. . . . . . . . . . . . . . . . . . . . . .    8,050,469      191,226
                                                        ------------  -----------

Cash and Cash Equivalents at
  End of Period. . . . . . . . . . . . . . . . . . . .  $ 2,932,485   $  163,436
                                                        ============  ===========

Supplemental Information:

  Cash paid for interest . . . . . . . . . . . . . . .  $     7,798   $    7,566

  Cash paid for taxes. . . . . . . . . . . . . . . . .  $     6,678   $    1,330
</TABLE>



<PAGE>

                                        9

                             TRI-VALLEY CORPORATION
                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                            FOR THE SIX MONTHS ENDED
                             JUNE 30, 2000 AND 1999
                                   (Unaudited)

NOTE  1  -  BASIS  OF  PRESENTATION
            -----------------------

The  financial  information  included  herein  is  unaudited;  however,  such
information  reflects  all  adjustments  (consisting  solely of normal recurring
adjustments)  which  are,  in  the  opinion  of management, necessary for a fair
statement  of results for the interim periods. The results of operations for the
six  month  period  ended  June  30, 2000, are not necessarily indicative of the
results  to  be  expected  for  the  full  year.

The  accompanying consolidated financial statements do not include footnotes and
certain  financial  presentations  normally  required  under  generally accepted
accounting  principles;  and,  therefore, should be read in conjunction with the
Company's  Annual  Report  on  Form  10-K  for the year ended December 31, 1999.




NOTE  2  -  PER  SHARE  COMPUTATIONS
            ------------------------

Per  share  computations  are  based  upon the weighted average number of common
shares  outstanding during each year. Common stock equivalents are not  included
in  the  computations  since  their  effect  would  be  anti-dilutive.



<PAGE>
ITEM  2.  MANAGEMENT  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
          ----------------------------------------------------------------------
           OF  OPERATIONS
           --------------

BUSINESS  REVIEW

Notice  Regarding  Forward-Looking  Statements
----------------------------------------------

This  report  contains  forward-looking  statements.  The  words,  "anticipate,"
"believe,"  "expect,"  "plan,"  "intend," "estimate," "project," "could," "may,"
"foresee,"  and  similar  expressions  are  intended to identify forward-looking
statements.  These statements include information regarding expected development
of  the Company's business, lending activities, relationship with customers, and
development  in  the oil and gas industry.  Should one or more of these risks or
uncertainties  occur,  or  should underlying assumptions prove incorrect, actual
results  may  vary  materially  and  adversely from those anticipated, believed,
estimated  or  otherwise  indicated.

Petroleum  Activities
---------------------

On  February  7,  2000  we  began drilling the EKHO #1well and reached our total
depth  objective of just over 19,000 feet in 80 drilling days. It is anticipated
that  the  drilling  costs  will be under budget.  We ran various logs to gather
data  as to the commercial ability of the well.  Target zones of interest appear
as  anticipated.  The  Company  is  currently  completion  testing  the  well.

The  Sunrise  project has been sold and we are in the process of contracting and
permitting,  to  enable  us to begin drilling in the third quarter of this year.
We  had  anticipated  that  we  would  be  able  to begin drilling in the second
quarter.  However,  the  permitting  process  has  been  changed  and  it is now
expected  to  take  from  two  to  six  months  to  get  permitted  compared  to
approximately  5  days  permitting  time  in  the  past.

As  funds  are received from our joint venture participants the funds are placed
in  our  cash account in our current assets and into advances from joint venture
participants  in  our  current liabilities.  As these funds are expended for the
appropriate  project  the  cash  is  reduced and the amount in our advances from
joint  venture  participants  is  reduced  in  a  like  amount.

We  anticipate  recompleting the Martin-Severins #5, #6 and the Hanson #3 in the
third  quarter  of  2000.

Precious  Metals
----------------

Placer  Dome  crews  began  their  second season of exploration on May 15, 2000.
Again  this  season,  the  Russian  scientists from TsNIGRI, the Russian mineral
institution, have returned to continue their excellent exploration activities on
the  Company's  behalf.

<PAGE>
10

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

Six  Months  Ended June 30, 2000 as compared with Six Months ended June 30, 1999
--------------------------------------------------------------------------------

The  Company  had total revenues of $1,810,223 for the six months ended June 30,
2000  compared  to  revenues  of  $393,254  for  the  same period in 1999.  This
increase  was  due  in  large  part  to  the  selling  of  our Sunrise Prospect.
Additionally,  our  gas  revenue  increased because of increased production from
Hanson #1 well which has been reworked and the increase in gas prices.  Interest
income  increased  due to cash in interest bearing accounts which was the result
of  the  sale of the Sunrise prospect.  Depletion, depreciation and amortization
decreased  because  of  declining  production.

Costs  and  expenses  were  $1,503,935  for  the  six months ended June 30, 2000
compared  to $753,037 for the same period in 1999.  This increase was related to
the  sale of the Sunrise prospect which included land acquisition and geological
costs.

General  and  Administrative  costs  were  $628,239  for  this  six month period
compared  to  $527,565 for the comparable period in 1999.  This increase was due
in  part  to  increased  legal  expenses  and  consulting  expenses.

Capital  Resources  and  Liquidity
----------------------------------

At  June  30,  2000,  we  had  current  assets  totaling  $3,153,658 compared to
$8,207,682  for  the  six  months ended June 30, 1999.  Current liabilities were
$2,860,861  for  the  current  period compared to $8,375,244 for the same period
last  year.  These  decreases  were  due  to  reduction in cash and reduction in
advances  from  joint  venture  partners.  This  was because of paying the costs
related  to  drilling  the  EKHO  #1.

Operating  Activities.  Cash provided by operations were a deficit of $5,228,583
for  the six months ended June 30, 2000 compared to a deficit of $92,189 for the
same  period  in  1999.  This  was due to expenditures of the drilling operation
related  to  the  EKHO  #1.

Financing  Activities.  Net  cash  provided  by  financing  activities increased
$249,547  for the period ended June 30, 2000 over the same period in 1999 due to
the  sale  of  the  Company's  common  stock  in  private  transactions.

Advances  from  joint  venture participants.  The $1,348,539 advances from joint
venture  participants  at  June  30,  2000,  for  the most part represents funds
advanced  for  the  Sunrise  Project.  The  $7,877,600  at  December  31,  1999
represents  funds  that  were  advanced  for  the  EKHO  project.

<PAGE>

                                       12

PART  II  -  OTHER  INFORMATION

ITEM  1.     LEGAL  PROCEEDINGS
             ------------------

We  are still proceeding with the foreclosure proceedings regarding Third Mobile
of  Central  New  York.  A  third party, who has filed Chapter 11 bankruptcy, is
claiming  ownership  of  the  assets  securing  our Promissory Note and Security
Agreement.  We  are  defending  our  claim  to  these  assets  and believe their
allegations  are  without merit and we are confident that we will prevail in our
efforts.


ITEM  1.     CHANGES  IN  SECURITIES
             -----------------------

During  the second quarter of 2000, we issued 186,800 shares of our common stock
to  7 individuals in private transactions pursuant to the exemption contained in
Section  4(2)  of  the  Securities  Act  of 1933, for aggregate consideration of
$219,250.   The  shares  sold  are  restricted  securities  which  bear a legend
restricting  transfer of the shares unless registered or sold under an exemption
from  registration  requirements  under  the  Securities  Act.

ITEM  6.     EXHIBITS  AND  REPORTS  ON  FORM  8-K
             -------------------------------------

(a)     Exhibits
(27)  Financial  Data  Schedule

(b)  Reports  on  Form  8-K:
           None

<PAGE>
                                   SIGNATURES




     Pursuant  to  the  requirement  of the Securities Exchange Act of 1934, the
Registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned  thereunto  duly  authorized.


                        TRI-VALLEY  CORPORATION
                                    (Registrant)



      August  4,  2000      /s/  F.  Lynn  Blystone
                           ------------------------
                                                           F.  Lynn  Blystone
               President  and  Chief  Executive  Officer


      August  4,  2000     /s/  Thomas  J.  Cunningham
                           ---------------------------
               Thomas  J.  Cunningham
               Secretary,  Treasurer,  Chief  Financial  Officer