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

                                  FORM 10-QSB


[X]     QUARTERLY REPORT UNDER SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT
        OF 1934 For the quarterly period ended September 30, 2001.

[ ]     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
        For the transition period from __________ to ___________

                       Commission file number:  0001111787

                               Pacific Oil, Inc.
       (Exact name of small business issuer as specified in its charter)

            Oklahoma                                       73-1581657
(State or other jurisdiction of                (IRS Employer Identification No.)
 incorporation or organization)

                               601 South Boulder
                          1020 Petroleum Club Building
                           Tulsa, Oklahoma 74119-1300
                    (Address of principal executive office)

                                 (918) 599-0060
              (Registrant's telephone number, including area code)


               APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                  PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the registrant filed all documents and reports required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of
securities under a plan confirm by a court.  Yes [ ]   No [X]

                      APPLICABLE ONLY TO CORPORATE ISSUERS

State  the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date: 45,000,000 shares of Common
Stock at August 15, 2001.

Transitional Small Business Disclosure Format:  Yes [ ]  No [X]
<page>

                   Index to Financial Statements

Balance Sheet at September 30, 2001(unaudited)and December 31, 2000 (audited).3
Statement of Operations for the period from
   January 1, 2001 to September 30, 2001......................................4
Statement of Cash Flows for the period from
   January 1, 2001 to September 30, 2001......................................4

<page>
                          PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

                                Pacific Oil, Inc.
                                  Balance Sheet



                                    Nine Months Ended         For the Year Ended
                                       (Unaudited)                 (Audited)
                            -------------------------------    -----------------
                       September 30, 2000* September 30, 2001  December 31, 2000
                            --------------   --------------    -----------------

Current assets:

Cash                           $24,669          $22,826                 $22,826

   Total current assets        $24,669          $22,826                 $22,826

Overriding Royalty Interest    $45,850          $41,850                 $41,850

TOTAL ASSETS                   $24,669          $64,676                 $64,676

LIABILITIES AND
SHAREHOLDERS' EQUITY

Current liabilities

   Note Payable to officer      $2,500            $0                         $0
   Interest Payable to officer      91            $0                         $0

   Total current liabilities    $2,591            $0                         $0

Shareholders' equity
    Preferred stock, $0.001
    par value, 5,000,000 shares
    authorized; no shares
    issued and outstanding        $0              $0                         $0
Common Stock, $0.001 par value
    45,000,000 shares authorized;
    45,000,000 shares issued and
    outstanding                  45,000          45,000                  45,000
Additional paid in capital       49,850          49,850                  49,850
Accumulated deficit             (30,174)        (30,174)                (30,174)

Total shareholders' equity       64,676          64,676                  64,676

TOTAL LIABILITIES AND
SHAREHOLDERS' EQUITY             64,676          64,676                 $64,676
                                  ------         ------                 -------

*From incorporation on February 11, 2000 through September 30, 2000
The accompanying notes are an integral part of these financial statements.
<page>

                                Pacific Oil, Inc.
                           Statements of Operation
                                  (Unaudited)

                                                        Nine Months Ended
                                               --------------------------------
                                          September 30, 2000* September 30, 2001
                                               --------------    --------------

Revenue                                              $0                      $0

Expenses                                         ($30,822)                   $0

   General and administrative                    ($30,822)                   $0

Net loss                                         ($30,822)                   $0


   The accompanying notes are an integral part of these financial statements.
*From incorporation on February 11, 2000 through September 30, 2000




                                Pacific Oil, Inc.
                            Statement of Cash Flows
                                  (Unaudited)


                                                        Nine Months Ended
                                               --------------------------------
                                         September 30, 2000*  September 30, 2001
                                               --------------    --------------

Cash flow operating activities:
Net loss                                          (30,822)

Plus non-cash charges:                             30,091

   Cash used by operating activities                 (731)

Cash Flow from investing activities:                 $0                      $0

Cash flow from financing activities:
   Proceeds from sale of stock                     22,900                    $0
   Proceeds from officer note                       2,500                    $0
                                                  -------
   Total financing activities                      25,400                    $0

Change in cash                                    $24,669                    $0
Cash at beginning of period                          $0                 $22,826

Cash at end of period                             $24,669               $22,826
                                                   ------               -------

Non-cash financing and investing activities:          0                       0


   The accompanying notes are an integral part of these financial statements.
*From incorporation on February 11, 2000 through September 30, 2000
<page>

                                Pacific Oil, Inc.
                         Notes to financial Statements
                                 September 30, 2001
                                   Unaudited

Note 1- Organization and Summary of Significant Accounting Policies

         Basis of Presentation
     The  accompanying unaudited financial  statements  have  been  prepared  in
     accordance with generally  accepted  accounting  principles for the interim
     financial  statements  and do not include  all  information  and  footnotes
     required by generally accepted accounting principles for complete financial
     statements.  However,  the information  furnished reflects all adjustments,
     consisting only of normal recurring  adjustments  which are, in the opinion
     of  management,  necessary in order to make the  financial  statements  not
     misleading.

         Organization and Nature of Operations

     Pacific  Oil,  Inc.  ("Company"), owns  an  overriding   royalty   interest
     ("Royalty Interest") in  leases covering  portions of the Outer Continental
     Shelf approximately 3-10 miles off the coast of California between San Luis
     Obispo County to the north and Ventura County to the south.

     The Company was  incorporated  on February 11, 2000 under laws of the state
     of  Oklahoma.    The   Company's    initial   focus   was  development  and
     architecture  of web  sites  to a niche  market  of  small  businesses  and
     non-profit  organizations in Tulsa,  Oklahoma. On June 19, 2000 the Company
     completed  the  acquisition  of the Royalty  Interest and  discontinued web
     site development.  The sole activity of  the Company is to hold the Royalty
     Interest for future development or sale.


         Cash and Cash Equivalents
     The Company  considers  highly liquid  investments with maturities of three
     months or less to be cash equivalents.


         Income Taxes
     The Company uses the liability method of accounting for income taxes as set
     forth in Statement of Financial Accounting Standards No 109, Accounting for
     Income Taxes.  Under the liability  method,  deferred  taxes are determined
     based on the differences between the financial  statements and tax bases of
     assets and liabilities at enacted tax rates in effect in the years in which
     the differences are expected to reverse.


         Compensation of Officers and Employees
     The Company has no employees.  The Company's  sole officer serves without
     pay.  Because  the only  activity  of the  Company  is to hold the  Royalty
     Interest for future development  or sale,  the sole  officer  performed  no
     services and was paid no compensation.

     A  total  of  $30,174  has  been  charged  against  capital  to reflect the
     estimated fair value of services  previously  provided  by officers  of the
     Company who served without compensation.


         Stock Based Compensation
     The Company accounts for stock-based employee compensation  arrangements in
     accordance with provisions of Accounting  Principles  Board ("APB") Opinion
     No. 25, "Accounting for Stock Issued  to Employees,"  and complies with the
     disclosure   provisions  of  SFAS  No.  123,  "Accounting  for  Stock-Based
     Compensation."  Under  APB No.  25,  compensation  expense  is based on the
     difference, if any, on the date of the grant, between the fair value of the
     Company's  stock and the  exercise  price.  The Company  accounts for stock
     issued to  non-employees  in accordance with the provisions of SFAS No. 123
     and the Emerging Issues Task Force Consensus in Issue No. 96-18.

        Use of Estimates
     The  preparation  of financial  statements  in  conformity  with  generally
     accepted  principles  requires management to make estimates and assumptions
     that affect the reported  amounts of assets and  liabilities at the date of
     the financial  statements and the reported revenues and expenses during the
     reporting  period.  Actual  results  could  differ  from  those  estimates.


         Fiscal Year End
     The Company's fiscal year ends on December 31.



Note 2- Exclusive

     The Company owns an exclusive license relating to website development.  The
     Company has discontinued use of  the license and  all  website development,
     and has no intent to reactivate use of the license.

Note 3- Notes Payable

     The Company has no notes payable outstanding at September 30, 2001.


Note 4- Common Stock and Paid-in Capital


     The Company is  authorized to issue  45,000,000 shares of Common Stock, par
     value  $0.001  per share, of which 45,000,000 shares were outstanding as of
     March 31, 2001.  The  Company is also authorized to issue 5,000,000  shares
     of Preferred  Stock,  par  value  $0.001  per  share, of which there are no
     shares  presently  outstanding.  There  is  no  present intent to issue any
     Preferred Stock.

         Voting Rights.

      Holders of shares of Common  Stock are  entitled  to one vote per share on
      all   matters submitted   to  a vote of the  shareholders. Share of Common
      Stock do not have cumulative voting rights,  which means that the  holders
      of  a  majority   of the  shareholder  votes eligible  to vote and  voting
      for the  election  of the Board of Directors  can  elect  all  members  of
      the  Board  of   Directors.   Holders  of  a  majority  of the  issued and
      outstanding shares of Common  Stock  may take  action  by  written consent
      without a meeting.

         Dividend Rights.

      Holders  of a record of shares of Common  Stock are  entitled  to  receive
      dividends when and if declared by  the  Board  of Directors.  To date, the
      Company has not paid cash dividends on its Common Stock. Holders of Common
      Stock are entitled to receive such dividends as may be declared  and  paid
      from   time  to time  by the  Board  of Directors  out  of  funds  legally
      available  therefor.  The Company intends to retain any earnings for the
      operation and expansion of its business  and  does not anticipate paying
      cash dividends  in  the foreseeable future. Any future determination as to
      the payment of cash dividends will depend upon  future  earnings,  results
      of operations, capital requirements, the Company's financial condition and
      such other factors as the Board of Directors may consider.

         Liquidation Rights.

      Upon any liquidation, dissolution or winding up of the Company, holders of
      shares  of  Common   Stock  are  entitled  to receive  pro rata all of the
      assets of the Company available for distribution  to shareholders  after
      liabilities  are  paid   and  distributions are made  to  the holders of
      Preferred Stock, if any Preferred shares are then outstanding.

         Preemptive Rights.

      Holders  of Common  Stock do not have any  preemptive  rights to subscribe
      for or  to  purchase  any stock,  obligations  or other  securities of the
      Company.

Note 5- Stock Options

      On February 11, 2000, the Company adopted, approved, and ratified the 2000
      Incentive Stock  Option Plan reserving 1,000,000 shares for the grant of
      options under the Plan.  No options have been granted to date.

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

      The  Company's  sole  activity  is to hold the Royalty Interest for future
      development or sale.  There has been  no change in its financial condition
      since December 31, 2000, and no change is expected to occur except for the
      payment  of  professional  fees and expenses incurred to keep its public
      reports correct.
<page>
         SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

      Certain statements included  in  this  report  which  are  not  historical
      facts are forward looking  statements,  including the information provided
      with respect to future business opportunities, expected financing  sources
      and related matters. These  forward  looking   statements   are  based  on
      current expectations,  estimates,  assumptions  and beliefs of management,
      and  words such as expects, anticipates, intends, believes, estimates, and
      similar  expressions are intended  to  identify  such  forward   looking
      statements.  Since this  information is based on current expectations that
      involve risks and uncertainties, actual results  could  differ  materially
      from those expressed in the forward looking statements.


(a) Plan of Operation

1. Plan of Operation Over the Next Twelve Months

The Company plans to hold the  Royalty  Interest for future development or sale.
<page>
                          PART II - OTHER INFORMATION


ITEM 1. LEGAL PROCEEDINGS

   None

ITEM 2. CHANGES IN SECURITIES

   None

ITEM 3. DEFAULTS IN SENIOR SECURITIES

   None

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

   None

ITEM 5. OTHER INFORMATION

   None

In  accordance with the reqirements of the Securities Exchange Act of 1934, as
amended, the registrant  caused  this report  to  be signed on its behalf by the
undersigned, thereunto duly authorized.

                                          Pacific Oil, Inc.

Date: January 18, 2002                   By /s/ Wm Stuart Price
                                                WM Stuart Price, CEO and CFO