UNITED STATES

                SECURITIES AND EXCHANGE COMMISSION

                      Washington, D.C. 20549

                            FORM 10-Q/A1

(Mark One)
[x]      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
              OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended             June 30, 1996                       

                                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                             0-19365                     


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

              Utah                                           87-0368981         
     (State or other jurisdiction of      (I.R.S. Employer Identification No.)
     incorporation or organization)

             215 South State, Suite 550, Salt Lake City, Utah, 84111           
               (Address of principal executive offices, zip code)

                                  (801) 537-5610                               
       (Registrant's telephone number, including area code)

                                  Not applicable                               
(Former name, former address and former fiscal year, if changed since last
report)

     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       


     Indicate the number of shares outstanding of each of the issuer's classes
of common stock, as of the latest practicable date.
  
There were 10,932,616 shares of $.02 par value common stock outstanding as of
August 13, 1996.



                     CROWN ENERGY CORPORATION

                              INDEX
                                                          PAGE(S)


PART I.        Financial Information    


     ITEM 1.   Financial Statements

               Condensed Consolidated Balance Sheet at June 30, 
                  1996 (unaudited) and December 31, 1995        3

               Condensed Consolidated Statement of Income for the Three
                  Months ended June 30, 1996 and 1995 (unaudited)5
               
               Condensed Consolidated Statement of Income for the Six
                  Months ended June 30, 1996 and 1995 (unaudited)6

               Condensed Consolidated Statement of Stockholder's Equity
                  (unaudited)                                   7

               Condensed Consolidated Statement of Cash Flows for the
                  Six Months ended June 30, 1996 and 1995 (unaudited)8
                  
               Notes to Condensed Consolidated Financial Statements
                  (unaudited)                                  10


     ITEM 2.   Management's Discussion and Analysis of Financial
                   Condition and Results of Operations         13


PART II.       Other Information                                 

     ITEM 1.   Legal Proceedings                               15

     ITEM 2.   Changes in Securities                           15

     ITEM 3.   Defaults upon Senior Securities                 15

     ITEM 4.   Submission of Matters to a Vote of Security Holders15

     ITEM 5.   Other Information                               15

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


PART III.      Signatures                                      16


                   PART I-FINANCIAL INFORMATION
                  ITEM 1.  FINANCIAL STATEMENTS

                     CROWN ENERGY CORPORATION

              CONDENSED CONSOLIDATED BALANCE SHEETS

                              ASSETS
<TABLE>

          <S>                                      <C>              <C>
                                               June 30, 
                                                1996           December 31,
                                              [unaudited]           1995     

CURRENT ASSETS:                                   
     Cash                                     $176,300           $97,247
     Joint interest and trade accounts
          receivable                            14,551            37,697
     Other current assets                       23,209                 0
          Total Current Assets                 214,060           134,944

PROPERTY AND EQUIPMENT                           3,770             5,782
     (net of accumulated depreciation)

INVESTMENT IN OIL AND GAS PROPERTIES         1,117,158         1,145,214
     (full cost method, net of accumulated 
          depletion)

INVESTMENT IN OIL SAND PROPERTIES            2,855,504         2,733,080

OTHER ASSETS                                   325,230           325,230

                                          

          TOTAL ASSETS                      $4,515,723        $4,344,250



</TABLE>


                     CROWN ENERGY CORPORATION
              CONDENSED CONSOLIDATED BALANCE SHEETS
               LIABILITIES AND STOCKHOLDERS' EQUITY

<TABLE>
          <S>                                <C>               <C>
                                               June 30, 
                                                  1996       December 31,
                                                     [unaudited]   1995    

CURRENT LIABILITIES
     Accounts payable                          $129,159         $244,314
     Current portion of long-term debt           54,574           67,372
     Other current liabilities                  130,442          173,250
          Total Current Liabilities             314,175          484,936

LONG TERM DEBT                                  132,514          231,342

LONG TERM DEBT -- RELATED PARITES               115,969                0

DEFERRED TAX LIABILITY                          485,144          563,100

          Total Liabilities                   1,047,802        1,279,378

STOCKHOLDERS' EQUITY:
     Preferred stock, $.005 par value, 
     1,000,000 shares authorized, no shares 
     issued and outstanding                      -----           -----
     Common stock, $.02 par value, 
     50,000,000 shares authorized, 
     10,932,616 and 9,861,069 issued and
     outstanding at 1996 and 1995               218,651           197,220
     Capital in excess of par value           5,234,137         4,701,193
     Retained earnings                       (1,984,867)       (1,833,541)

          Total Stockholders' Equity          3,467,922         3,064,872

          TOTAL LIABILITIES AND STOCKHOLDERS'
          EQUITY                             $4,515,723        $4,344,250

</TABLE>




                     CROWN ENERGY CORPORATION
                           [Unaudited]
         CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

<TABLE>
                                                  For the Three Months Ended
                                                          June 30,        
<S>    <C>    <S>                              <C>             <C>
                                                    1996           1995   
REVENUE:
     Oil and gas production                      $55,441         $50,486

          Total Revenue                           55,441          50,486

EXPENSES:
     Production costs and related taxes           32,953          33,632
     General and administrative expenses         109,645         118,631
     Depletion, depreciation and amortization     15,880          13,406

          Total Expenses                         158,478         165,669

OPERATING INCOME (LOSS)                         (103,037)       (115,184)

OTHER INCOME (EXPENSES):
     Interest and other income                     2,489             528
     Gain (loss) on sale of properties                 0               0
     Interest and other expense                   (5,410)         (4,461)

          Total Other Income (Expenses)           (2,921)         (3,933)

INCOME (LOSS) BEFORE TAX PROVISION             ($105,958)      ($119,117)

PROVISION FOR TAXES:
     Current tax expense (benefit)                     0               0
     Deferred tax expense (benefit)              (36,026)        (40,500)

NET INCOME (LOSS)                               ($69,932)       ($78,617)

NET INCOME (LOSS) PER SHARE                       ($0.01)        ($0.01)

</TABLE>



                     CROWN ENERGY CORPORATION
                           [Unaudited]
         CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

<TABLE>
                                                  For the Six Months Ended
                                                          June 30,      
<S>        <C>                                   <C>            <C>
                                                      1996        1995   
REVENUE:
     Oil and gas production                        $99,993       $104,608

               Total Revenue                        99,993        104,608

EXPENSES:
     Production costs and related taxes             62,824         68,467
     General and administrative expenses           230,820        191,732
     Depletion, depreciation and amortization       30,068         28,427

               Total Expenses                      323,712        288,627

OPERATING INCOME (LOSS)                           (223,719)      (184,019)

OTHER INCOME (EXPENSES):
     Interest and other income                       5,104            935
     Gain (loss) on sale of properties                   0              0
     Interest and other expense                    (10,666)        (9,006)

               Total Other Income (Expenses)        (5,562)        (8,070)

INCOME (LOSS) BEFORE TAX PROVISION               ($229,281)     ($192,089)

PROVISION FOR TAXES:
     Current tax expense (benefit)                       0              0
     Deferred tax expense (benefit)                (77,956)       (65,310)

NET INCOME (LOSS)                                ($151,325)     ($126,779)

NET INCOME (LOSS) PER SHARE                         ($0.01)        ($0.01)
</TABLE>


                     CROWN ENERGY CORPORATION
                 CONDENSED CONSOLIDATED STATEMENT
                     OF STOCKHOLDERS' EQUITY

                           [Unaudited]

              FOR THE SIX MONTHS ENDED JUNE 30, 1996

<TABLE>
                   Common Stock   Capital in
                   Excess of      Retained  
                   Shares         Amount     Par Value   (Deficit)     Total  

BALANCE, 
   DECEMBER 31,
   <C>            <C>             <C>        <C>        <C>          <C>
  1995             9,861,069     $197,220   $4,701,193  ($1,833,541) $3,064,872

Net Income (loss) 
   for the six 
  months ended 
   June 30, 1996      ---        ---          ---          (151,325)  (151,325)

Shares issued for 
   cash at $.50 per
  share in private 
   placement net of 
   placement costs  800,000        16,000      319,000        ---      335,000

Shares issued for 
   commissions       80,000         1,600       38,000        ---       40,000

Shares issued for 
   services at $.79
  to $1.00 per 
   share             191,547        3,831      175,544        ---      179,375

                                                               

BALANCE,
   June 30, 
   1996           10,932,616      $218,651   $5,234,137 ($1,984,867) $3,467,922

</TABLE>

                     CROWN ENERGY CORPORATION
                           [Unaudited]
         CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
<TABLE>
                                                   For the Six Months Ended
                                                            June 30,
                                                       1996         1995   
   <S>        <C>                                  <C>           <C>
        
Cash Flows From (To) Operating Activities:
   Net income (loss)                               ($151,325)    ($126,779)

   Adjustments to reconcile net loss to
      net cash used by operating activities:
        Amortization, depreciation and depletion      30,067        28,427
        Non-cash (income) expense                          0             0
        Change in assets and liabilities:
           Joint interest and accounts receivable     23,146        51,583
           Other assets                              (23,209)         (458)
           Accounts Payable                         (115,155)       (4,365)
           Other current liabilities                  46,567        53,868
           Deferred tax liability                    (77,956)      (65,310)

               Total adjustments                    (116,540)       63,745

               Net Cash Used by Operating 
               Activities                           (267,865)      (63,034)

Cash Flows From (To) Investing Activities:
   Additions to oil sand properties                  (32,424)      (23,662)
   Net Proceeds from sale of oil and gas 
   properties                                              0             0

               Net Cash Provided (Used) in
                    Investing Activities             (32,424)      (23,662)

Cash Flows From (To) Financing Activities:
   Increase in long-term debt                          4,343        18,130
   Principal payments on long-term debt                    0       (14,670)
   Net proceeds from sale of common stock            375,000        90,000

               Net Cash Provided by Financing 
               Activities                           $379,343       $93,460

Net Increase (Decrease) in Cash:                     $79,054        $6,764      
Cash at Beginning of Period                          $97,247       $30,592

Cash at End of Period                               $176,300       $37,356


Supplemental Disclosure of Cash Flow Information
   Cash paid during the period:
      Interest                                          ---         $3,104

      Income taxes                                      ---           ---

</TABLE>

Supplemental Schedule of Non-cash Investing and Financing Activities:

   For the period ended June 30, 1996:

      The Company issued 191,547 shares of common stock in payment of $179,375
      in consulting fees.

      The Company issued 10,000 shares of common stock to restructure an oil
      sand lease.

      The Company converted accrued interest of $8,121 into notes payable.

   For the period ended June 30, 1995:

      The Company converted accrued interest of $15,154 into notes payable.




                     CROWN ENERGY CORPORATION
            NOTES TO UNAUDITED CONDENSED CONSOLIDATED
                       FINANCIAL STATEMENTS


     NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

          The accompanying financial statements have been prepared by the
          Company without audit.  In the opinion of management, all
          adjustments (which include only normal recurring adjustments)
          necessary to present fairly the financial position, results of
          operations and changes in stockholders' equity and cash flows at
          June 30, 1996 and for all periods presented have been made.

          Certain information and footnote disclosures normally included in
          financial statements prepared in accordance with generally accepted
          accounting principles have been condensed or omitted.  It is
          suggested that these condensed financial statements be read in
          conjunction with the financial statements and notes thereto included
          in the Company's December 31, 1995 audited financial statements. 
          The results of operations for the period ended June 30, 1996 are not
          necessarily indicative of the operating results for the full year.

          ORGANIZATION   

          Crown Energy Corporation ["Crown"], a Utah corporation, was
          organized on March 17, 1981.  Crown's primary activities have been
          the acquisition and development of oil and gas leases.  

          BuenaVentura Resources Corporation ["BVRC"], a Utah corporation, was
          organized October 24, 1985.  BVRC is active in the mining and
          development of oil sand deposits and owns the rights to a newly
          patented technology for the extraction of oil from oil sands.  Crown
          acquired 100% of BVRC on September 30, 1992.
          
          Gavilan Petroleum, Inc. ["Gavilan"], a Utah corporation, was
          organized on September 9, 1985.  Gavilan is engaged in the
          production and selling of oil and gas from leases it operates in the
          state of Utah.  Gavilan became a 100% subsidiary of Crown on January
          24, 1991.

          PRINCIPLES OF CONSOLIDATION

          The consolidated financial statements include the accounts of the
          Company and its wholly-owned subsidiaries.  All significant
          intercompany transactions have been eliminated in consolidation.

          OIL AND GAS PROPERTIES

          Oil and gas properties are accounted for on the full cost method,
          whereby all costs associated with acquisition, exploration and
          development of oil and gas properties are capitalized on a country-


                     CROWN ENERGY CORPORATION

            NOTES TO UNAUDITED CONDENSED CONSOLIDATED

                       FINANCIAL STATEMENTS
 

          by-country, cost center basis.  All oil and gas revenues are derived
          from reserves located in the state of Utah.  Amortization of such
          costs is determined by the ratio of current period production to
          estimated proved reserves.  Estimated proved reserves are based upon
          reports of petroleum engineers.

          The net carrying value of oil and gas properties is limited to the
          lower of amortized costs or the cost center ceiling [defined as the
          sum of the present value [10% discount rate] of estimated,
          unescalated future net cash flows from proved reserves, plus the
          lower of cost or estimated fair value of unproved properties, giving
          effect to income taxes].

          OIL SAND PROPERTIES

          The Company's investment in oil sand properties, including
          acquisition and development costs, are being capitalized and will be
          amortized by the unit-of-production method once commercial
          production commences, projected to be early 1997.  The Company
          reviews its investment in oil sand properties for impairment
          whenever events or changes in circumstance indicate that the
          carrying amount of the investment may not be recoverable.  The
          Company's basis of determining the recoverability of its investment
          is based on estimated future cash flows expected to result from the
          extraction and production of products from the oil sands.  The
          Company is unaware of any events or changes in circumstance that
          would merit a review for impairment, however the Company's estimated
          future cash flows from its investment in oil sands exceeds the
          carrying value of the investment, thus there is no current impact
          from the adoption of SFAS 121.

          INCOME (LOSS) PER SHARE

          The computation of income (loss) per share of common stock is based
          on the weighted average number of shares outstanding during the
          periods presented.

     NOTE 2 - SIGNIFICANT CUSTOMERS

          The Company sells substantially all of its oil production to one
          purchaser.  If this purchaser stopped buying products from the
          Company, the Company would then contract with other purchasers
          available in the areas where the oil is produced.  The effect of
          this purchaser pulling out of the area would at least put a
          temporary downward pressure on prices in the area, but it is not
          currently possible for the Company to estimate how the Company would
          be affected.  Management believes that its oil is a commodity that
          is readily marketable and that the marketing methods it follows is
          typical of similar companies in the industry.


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


RESULTS OF OPERATIONS

For the three month period ended June 30, 1996, compared to the three months
ended June 30, 1995.

     Oil and gas revenue increased from $50,486 for the three months ended June
30, 1995 to $55,441 for the three months ended June 30, 1996, an increase of
$4,955 (10%).  This increase was due to higher production and oil prices for the
period.  Total production increased from 2,380 barrels for the three months 
ended June 30, 1995 to 2,475 barrels for the same period in 1996, an increase 
of 4%. Average oil prices increased from $17.68 for the three months ended 
June 30, 1995 to $20.32 for the same period in 1996.

     Oil and gas production costs decreased from $33,632 for the three months
ended June 30, 1995 to $32,953 for the three months ended June 30, 1996, an
immaterial change of $679 (2%).      

     General and administrative expenses decreased from $118,631 for the three
months ended June 30, 1995 to $109,645 for the three months ended June 30, 1996,
a decrease of $8,986 (8%).  This change was primarily due to a decrease in
consulting expenses.

     Depletion, depreciation and amortization increased from $13,406 for the
three months ended June 30, 1995 to $15,880 for the three months ended June 30,
1996, an increase of $2,474  (18%).  This change was due to an increase in the
depletion unit rate for 1996.

For the six month period ended June 30, 1996, compared to the six months ended
June 30, 1995.

     Oil and gas revenue decreased from $104,608 for the six months ended June
30, 1995 to $99,993 for the six months ended June 30, 1996, a decrease of $4,615
(4%).  This decrease was due to lower production due to normal production
declines.  Total production decreased from 5,132 barrels for the six months 
ended June 30, 1995 to 4,668 barrels for the same period in 1996, a decrease 
of  9%. This decrease was partially offset by an increase in average oil 
prices from $17.13 for the six months ended June 30, 1995 to $19.22 for the 
same period in 1996.

     Oil and gas production costs decreased from $68,467 for the six months
ended June 30, 1995 to $62,824 for the six months ended June 30, 1996, a 
decrease of $5,643 (8%).  This change was due to lower production for the 
period.    

     General and administrative expenses increased from $191,732 for the six
months ended June 30, 1995 to $230,820 for the six months ended June 30, 1996,
an increase of $39,088 (20%).  This change was primarily due to an increase in
general overhead expenses relating to the Asphalt Ridge Oil Sand Project.

     Depletion, depreciation and amortization increased from $28,427 for the six
months ended June 30, 1995 to $30,068 for the six months ended June 30, 1996, an
increase of $1,641 (6%).  This change was due to an increase in the depletion
unit rate for 1996.

LIQUIDITY AND CAPITAL RESOURCES

     At June 30, 1996, the Company had cash and other current assets of $214,060
as compared to cash and other current assets of $134,944 at December 31, 1995. 
The increase of  $79,116 was primarily due to net proceeds from an equity
financing of $400,000 completed in February, 1996.  The increase was partially
offset by a loss from operations and pre-construction capital and permitting
costs incurred on the Asphalt Ridge Oil Sand Project.

     Total debt increased from $231,342 in long-term debt and $67,372 in current
portion of long-term debt at December 31, 1995 to $248,483 in long-term debt and
$54,574 in current portion of long-term debt at June 30, 1996.  This increase 
was primarily due to accrued interest being converted into notes payable.  

     The Company's primary objective is to complete financing for construction
of its full-scale, 1,000 barrel per day commercial asphalt production facility. 
The Company is seeking approximately $9,000,000 for construction costs and
approximately $4,500,000 for start-up and working capital and is evaluating
financing alternatives with several investor groups.  No assurance can be given
that additional financing will be available or, if available, that it will be
available on acceptable terms.  If additional funds are raised by issuing equity
securities, further dilution to then-existing stockholders may result.  If such
additional funds are raised through the issuance of debt securities, the
Company's cash flows will be required to be devoted to service such debt.  If
adequate funds are not available, the Company may be required to significantly
curtail or cease its operations.  The Company believes that its existing cash
balances will be sufficient to meet current working capital requirements.  






                  PART II. - OTHER INFORMATION


ITEM 1.   Legal Proceedings

          None.

ITEM 2.   Changes in Securities

          None.

ITEM 3.   Defaults upon Senior Securities

          None.

ITEM 4.   Submission of Matters to a Vote of Security Holders

          None.

ITEM 5.   Other Information

          None.

ITEM 6.   Exhibits and Reports on Form 8-K

          None.          



                     PART III. - 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
undersigned thereunto duly authorized.


                                          CROWN ENERGY CORPORATION    
                                   (Registrant)

Date: December 13, 1996            By: /s/JAY MEALEY                 
                                   Jay Mealey, President

Date: December 13, 1996            By: /s/RICHARD S. RAWDIN          
                                   Richard S. Rawdin, Vice President of
                                   Finance