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 Sept. 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 September 30,
2000  was  19,553,748.

<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  . . . . . . . . . . .     9


PART II - OTHER INFORMATION . . . . . . . . . . . .  . . . . . . . . . . .    13

    Item 1.  Legal Proceedings. . . . . . . . . . .  . . . . . . . . . . .    13

    Item 2.  Changes in Securities. . . . . . . . .  . . . . . . . . . . .    13

    Item 6.  Exhibits and Reports on Form 8-K .  . . . . . . . . . . . . .    13

SIGNATURES. . . . . . . . . . . . . . . . . . .  . . . . . . . . . . . . .    14

</TABLE>
















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


We  have reviewed the accompanying balance sheet of Tri-Valley Corporation as of
September 30, 2000, and related statements of income and cash flows for the nine
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
November  6,  2000








<PAGE>

                                       4

PART  I  -  FINANCIAL  INFORMATION

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

                             TRI-VALLEY CORPORATION
                           CONSOLIDATED BALANCE SHEETS


                                     ASSETS

<TABLE>
<CAPTION>

                                 Sept. 30, 2000 Dec. 31, 1999
                                     (Unaudited)    (Audited)
                                     ------------  -----------
<S>                                  <C>           <C>
Current Assets
  Cash. . . . . . . . . . . . . . .  $  2,562,421  $ 8,050,469
  Accounts receivable, trade. . . .       278,223      155,184
  A/R Related Parties . . . . . . .         3,750          -0-
  Prepaid expenses. . . . . . . . .         2,029        2,029
                                     ------------  -----------

    Total Current Assets. . . . . .     2,846,423    8,207,682
                                     ------------  -----------

Property and Equipment, Net . . . .     1,210,778    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 . . . . . . . . . . . . . .        13,913       13,914
  Well Database (net of accumulated
    amortization of $38,910 at
    Sept. 30, 2000 and $37,755
    at December 31, 1999. . . . . .        69,741       70,895
  Goodwill (net of accumulated
    amortization of $207,882 at
  Sept 30, 2000 and $199,747
    at December 31, 1999. . . . . .       225,971      234,106
                                     ------------  -----------

      Total Other Assets. . . . . .       598,006      605,921
                                     ------------  -----------

      Total Assets. . . . . . . . .  $  4,655,207  $ 9,873,358
                                     ============  ===========
</TABLE>



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

                                        7







                      LIABILITIES AND SHAREHOLDERS' EQUITY
<TABLE>
<CAPTION>


                                         September 30, 2000    Dec. 31, 1999
                                        --------------------  ---------------
<S>                                     <C>                   <C>
CURRENT LIABILITIES
  Notes and contracts payable. . . . .  $            10,554   $       10,554
  Trade accounts payable . . . . . . .              810,699          391,104
  Amounts payable to joint venture
    participants . . . . . . . . . . .              201,575           95,986
  Advances from joint venture
    participants . . . . . . . . . . .            1,746,854        7,877,600
                                        --------------------  ---------------

    Total Current Liabilities. . . . .            2,769,682        8,375,244
                                        --------------------  ---------------

Long-term Portion of Notes and
  Contracts Payable. . . . . . . . . .               14,466           21,055
                                        --------------------  ---------------


Commitments

Shareholders' Equity
  Common stock, $.001 par value:
    100,000,000 shares authorized;
    19,553,748  and  19,301,248 issued
    and outstanding at Sept 30, 2000
    and Dec. 31, 1999, respectively. .               19,503           19,281
  Less:  Common stock in treasury,
   at cost, 157,925 shares . . . . . .              (45,163)         (45,163)
  Capital in excess of par value . . .            8,600,340        8,344,462
  Accumulated deficit. . . . . . . . .           (6,703,621)      (6,841,521)
                                        --------------------  ---------------

    Total Shareholders' Equity . . . .            1,871,059        1,477,059
                                        --------------------  ---------------

    Total Liabilities and
      Shareholders' Equity . . . . . .  $         4,655,207   $    9,873,358
                                        ====================  ===============
</TABLE>



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


                                              For  the  Three  Months     For  the  Nine  Months
                                                  Ended September 30         Ended September 30
                                                  2000         1999         2000          1999
                                             ------------  -----------  -----------  ------------
<S>                                          <C>           <C>          <C>          <C>
Revenues
  Sale of oil and gas . . . . . . . . . . .  $   231,055   $   113,157  $   570,139  $   404,026
  Other income. . . . . . . . . . . . . . .      103,164     1,840,437    1,531,441    1,935,973
  Interest income . . . . . . . . . . . . .       29,948         3,273       72,810       10,121
                                             ------------  -----------  -----------  ------------
    Total Revenues. . . . . . . . . . . . .      364,167     1,956,867    2,174,390    2,350,120
                                             ------------  -----------  -----------  ------------

Cost and Expenses
  Oil and gas lease expense . . . . . . . .       22,379        19,364       85,089       68,936
  Mining Exploration Expenses . . . . . . .       73,719        51,879      123,622      142,511
  Project geology, geophysics,
    Land & administration . . . . . . . . .       74,668       108,836      395,991      108,836
  Cost of Sale of Asset . . . . . . . . . .          -0-       942,077      394,240      942,077
  Depletion, depreciation and amortization.       19,860        38,850       59,582      116,552
  Interest. . . . . . . . . . . . . . . . .        4,783         6,305       12,581       13,871
  General administrative. . . . . . . . . .      337,151       210,358      965,390      737,923
                                             ------------  -----------  -----------  ------------
    Total Cost and Expenses . . . . . . . .      532,560     1,377,669    2,036,495    2,130,706
                                             ------------  -----------  -----------  ------------

Net Income/(Loss) . . . . . . . . . . . . .  $  (168,393)  $   579,198  $   137,895  $   219,414
                                             ============  ===========  ===========  ============

Net Income (Loss) per Common Share. . . . .  $      (.01)  $       .03  $       .01  $      (.01)
                                             ============  ===========  ===========  ============

Weighted Average Number of Shares . . . . .   19,548,081    19,174,208   19,548,081   19,174,248
                                             ============  ===========  ===========  ============
</TABLE>

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


<TABLE>
<CAPTION>

                                                          For  the  Nine  Months
                                                          ----------------------
                                                             Ended  Sept.  30,
                                                             -----------------
                                                            2000         1999
                                                        ------------  -----------
<S>                                                     <C>           <C>
Cash Flows from Operating Activities
  Net loss/profit. . . . . . . . . . . . . . . . . . .  $   137,895   $  219,414
  Adjustments to reconcile net income
    to net cash used from operating activities:
      Depreciation, depletion and amortization . . . .       59,582      116,552
      Changes in operating capital:
      Amounts receivable . . . . . . . . . . . . . . .     (123,039)     171,448
      Deposits . . . . . . . . . . . . . . . . . . . .         (105)           -
      Trade accounts payable . . . . . . . . . . . . .      419,595     (253,586)
      Amounts payable to joint venture
        participants and related parties . . . . . . .      105,589     (135,224)
      Advances from joint venture
        participants . . . . . . . . . . . . . . . . .   (6,130,746)   7,686,531
                                                        ------------  -----------


Net Cash Used by Operating Activities. . . . . . . . .   (5,531,229)   7,805,135
                                                        ------------  -----------

Cash Flows from Investing Activities
  Capital expenditures . . . . . . . . . . . . . . . .     (206,330)     104,001
                                                        ------------  -----------

Cash Flows from Financing Activities
    Principal payments on long-term debt . . . . . . .       (6,589)           0
  Proceeds from issuance of common stock . . . . . . .      256,100      (37,693)
                                                        ------------  -----------
      Net Cash Provided (used) by Financing Activities      249,511      (37,693)
                                                        ------------  -----------

Net Decrease in Cash and Cash Equivalents. . . . . . .   (5,488,048)   7,871,443
Cash and Cash Equivalents at Beginning
  Of Period. . . . . . . . . . . . . . . . . . . . . .    8,050,469      191,226
                                                        ------------  -----------

Cash and Cash Equivalents at
  End of Period. . . . . . . . . . . . . . . . . . . .  $ 2,562,421   $8,062,669
                                                        ============  ===========

Supplemental Information:

  Cash paid for interest . . . . . . . . . . . . . . .  $    12,581   $   13,871

  Cash paid for taxes. . . . . . . . . . . . . . . . .  $     6,678   $    4,206
</TABLE>



<PAGE>

                                        8

                             TRI-VALLEY CORPORATION
                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                            FOR THE NINE MONTHS ENDED
                           SEPTEMBER 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
nine  month  period  ended Sept. 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>

                                       14

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

While  the zones in the Ekho #1 are restricted with extremely high quality oil &
gas  testing  has  determined  that the Ekho #1 sands are tight and will require
artificial  fracturing.  This  is  a  common event in which a solution is pumped
under  high  pressure  down the well bore in an attempt to artificially fracture
the  reservoirs.  The  Company  has  cash called all of the participants and has
been  informed  that six of the remaining seven Canadian companies have declined
to  go  forward.  This  was  primarily  because they did not have the ability to
raise  the required capital.  The remaining Canadian company that has decided to
stay  with  the  project  is Curlew Lake Resources, a 5% working interest owner.
Tri-Valley's  private  participant group has decided to go forward.  The Company
is  in the process of re-partnering the project with stronger partners to assure
the  project  can  go  forward  through  completion  of the Ekho #1 well and the
subsequent  Ekho  #2  and  #3 wells as part of the planned three well program to
test  the  26  mile  long,  4  to  5  mile  wide  mapped  structure.

In  our  June  10-Q  we  reported that we anticipated drilling the first Sunrise
prospect well in the third quarter, however, we are still waiting for the permit
to  be issued.  We plan to begin drilling as soon as practical after this permit
is  received  by  us.

We planned to work over the Martin-Severins #5 & #6 in the third quarter but due
to  the  demand  for  work  over rigs we were not able to accomplish this in the
third  quarter.  The rig did move on location October 30, 2000, and is currently
beginning  this  operation.  We anticipate re-completing both wells within 10 to
12  days.

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

At  the end of the summer field season Placer Dome concluded their work on their
portion  of  the  Richardson mining claims.  They have informed the Company that
they  do not intend to do any further work on the project and are dropping their
option.  However,  they  have  requested  an  extension  of  the confidentiality
agreement  in  order  to look at data from work performed by Tri-Valley on other
areas  of  Tri-Valley's  claim  block.  Further,  Placer
ITEM  2.  MANAGEMENT  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
          ----------------------------------------------------------------------
           OF  OPERATIONS
           --------------


Dome has paid all holding costs for the 36 square miles of claims formerly under
their
option.  Tri-Valley  expects  a complete data review of its Alaska properties in
December  in  order  to  determine  its  future  interests.


Three  Months  Ended  Sept 30, 2000 as compared with Three Months ended Sept 30,
--------------------------------------------------------------------------------
1999
----

Total  revenues  for  the  three months ended September 30, 2000, were $364,167,
compared to $1,956,867 for the same period in 1999.  The period in 1999 included
revenue  we  recognized  for  the  sale  of  working  interests in Project Ekho.
Revenue  from  sale of working interests in the third quarter of 2000, primarily
from  our  Sunrise  project, were much lower.  Sale of oil and gas for the third
quarter of 2000 more than doubled from the third quarter of 1999, to $231,055 in
2000,  compared  to  $113,157  in  1999.  The  increase was due to increased gas
prices  and increased production from the Hanson #1 well, which was successfully
reworked.  Other  income  was  greater  in  the  third quarter of1999 because we
recognized  income  from the sale of working interest in Project Ekho.  Interest
income  increased to $29,948 in the third quarter of 2000, compared to $3,273 in
the  same  period  in  1999,  because  we  received  interest  on increased cash
reserves  which  were  ultimately  expended  drilling the first Project Ekho #1.

Total costs were also lower in the third quarter of 2000, mainly due to costs of
Project Ekho that we recognized in the third quarter of 1999.  The third quarter
expenses  included  costs associated with sale of assets, which included project
geology, geophysics, land and administration.  The lower expenses we incurred in
the third quarter of 2000 for geology, geophysics, land and administration costs
were  primarily  associated  with  our  Sunrise  and  Sonata  projects.

Depletion,  depreciation  and amortization costs decreased by slightly more than
50%  in  the  third quarter of 2000 to $19,860, compared to $38,850 in the third
quarter  of  1999,  due  to  declining  production  in the third quarter of 2000
compared  to  the  same  period  in  1999.

Mining  expenses  increased  by  $21,840  (42%)  in the third quarter of 2000 to
$73,719,  from  $51,879 in the third quarter of 1999 as we increased exploration
efforts  on  our  Richardson, Alaska claim in the summer months.  Administrative
expenses  increased  $126,793  (60%)  in the third quarter compared to the third
quarter  of  1999,  primarily  because of increased legal expenses.  Overall, we
realized  a  net  loss of $168,393 in the third quarter of 2000, compared to net
income  of  $579,198  for  the  third  quarter  o  f  1999.


Nine Months Ended Sept 30, 2000 as compared with Nine Months ended Sept 30, 1999
--------------------------------------------------------------------------------

We  had  total  revenues  of  $2,174,390 for the nine months ended September 30,
2000, compared to total revenues of $2,350,120 for the same period in 1999.  Our
gas  revenue  increased  by 41% to $570,139, from $404,026 in the same period in
1999,  due  to increased production from the Hanson #1 well and to increased gas
prices.  In  the nine month period in 2000, we recorded revenue from the sale of
working interests in our Sunrise project among other income.  In the same period
in  1999,  other  income  included  sales  of  working interest in Project Ekho.

Other  income was $1,531,441 in the third quarter of 2000 compared to $1,935,973
for  the  same  period  in  1999.  This  primarily is due to the sale of working
interests  from  the  sunrise  project  in  2000  and  the Ekho project in 1999.

Interest  income  in  the  nine  months  ended  September  30, 2000 was $72,810,
compared  to  $10,121  for the nine months ended September 30, 1999.  In 2000 we
received  interest  on funds we held awaiting expenditure on our Sunrise project
and  the  Ekho  project.  The  Ekho  funds  have  now  been  expended.

Expenses  decreased  to  $2,036,495 in the first nine months of 2000 compared to
$2,130,706  in  the same period in 1999.  Our expenses in 2000 for cost of asset
sales  and  geology,  geophysics,  land and administration were lower due to the
lower  costs  of  the Sunrise project which we incurred during 2000, compared to
the  deeper Project Ekho for which we incurred costs in the first nine months of
1999.  General  administrative  expenses  increased 30% to $965,390 in the first
nine  months  of  2000  compared  to  $737,923 in the same period in 1999 mainly
because  of  increased  legal  expenses  and  consulting  fees  in  2000.

Depletion,  depreciation and amortization expense decreased by 49% for the first
nine  months  of 2000 to $59,582 from $116,552 in the same period in 1999.  This
decrease  was  due  to  declining  production.

Our  net income for the first nine months of 2000 has been $137,895, compared to
$219,414  in  the  first  three  quarters  of  1999.

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

At  Sept  30,  2000,  we  had  current  assets  totaling  $2,846,423 and current
liabilities of $2,769,682.  For the same period in 1999 we had current assets of
$8,062,669  and current liabilities of $8,268,285.  The reduction from September
30,  1999  to  September  30,2000  was due to the cash on deposit and the offset
liability,  Advance  from  JV  participants,  as the Ekho drilling expenses were
incurred  and  paid.





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

Operating  Activities.  Cash provided by operations were a deficit of $5,531,229
for  the  nine  months  ended  Sept 30, 2000 compared to $7,805,135 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
$287,204  for the period ended Sept 30, 2000 over the same period in 1999 due to
the  sale  of  the  Company's  common  stock  in  private  transactions.




<PAGE>
PART  II  -  OTHER  INFORMATION


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

There  has  been  no change in our legal proceedings from our report on the last
10-Q  and  10-K.

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

During the third quarter of 2000, we issued 24,500 shares of our common stock to
2  individuals  in  private  transactions pursuant to the exemption contained in
Section  4(2)  of  the  Securities  Act  of 1933, for aggregate consideration of
$28,000.   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  4.  SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS
          -----------------------------------------------------------

The  Company  held  its  annual  meeting  on  September  16,  2000.  The matters
submitted  to a vote of the security holders included the election of directors,
to approve the Company's restated Certificate of Incorporation, the election for
the  Company  to  be governed by Section 203 of the Delaware General Corporation
Laws.  The  shareholders  elected  all  of the nominations for director who were
recommended  by  the  board.  They  approved  the  restated  Certificate  of
Incorporation  and elected to be governed by Section 203 of the Delaware General
Corporation  Laws.  The  shareholder  votes  were  as  follows:

                         FOR          AGAINST     ABSTAIN
Earl  H.  Beistline   18,260,785      248,950
F.Lynn  Blystone      18,264,680      248,055
Milton  J.  Carlson   18,266,485      243,250
Dennis  P.  Lockhart  18,266,485      243,250
Loren  J.  Miller     18,266,485      243,250

Measure  #2  -  Approve  the  Company's  restated  Certificate of Incorporation.
                      14,352,402      111,309         4,046,024

Measure  #3  -  Election  by  the  Company  to be governed by Section 203 of the
Delaware  General  Corporation  Laws.
                      14,318,398      189,213         4,002,124


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

(a)  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)



      November  9,  2000      /s/  F.  Lynn  Blystone
                             ------------------------
                                                           F.  Lynn  Blystone
               President  and  Chief  Executive  Officer


      November  9,  2000     /s/  Thomas  J.  Cunningham
                             ---------------------------
               Thomas  J.  Cunningham
               Secretary,  Treasurer,  Chief  Financial  Officer