8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 14, 2006

Basic Energy Services, Inc.

(Exact name of registrant as specified in its charter)

Delaware (State or other jurisdiction of incorporation )	1-32693 (Commission File Number)	54-2091194 (IRS Employer Identification No.)
400 W. Illinois, Suite 800 Midland, Texas (Address of principal executive offices)		79701 (Zip Code)

Registrant’s telephone number, including area code: (432) 620-5500

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.01  Entry into a Material Definitive Agreement.

     On July 14, 2006 Basic Energy Services, Inc. (“Basic”) entered into a First Supplemental Indenture to that certain Indenture, dated as of April 12, 2006 (as amended and supplemented, the “Indenture”), among Basic, as Issuer, the Subsidiary Guarantors from time to time party thereto and The Bank of New York Trust Company, N.A., as Trustee. The First Supplemental Indenture was entered into among Basic, as Issuer, Basic Energy Services GP, LLC, Basic Energy Services, L.P., Basic ESA, Inc., Basic Marine Services, Inc., Energy Air Drilling Service Co, Inc., FESCO Alaska, Inc., First Energy Services Company, H.B. & R., Inc., LeBus Oil Field Service Co., Oilwell Fracturing Services, Inc., R&R Hot Oil Service, Inc., Western Oil Well Service Co., Globe Well Service, Inc. (“Globe”) and SCH Disposal, L.L.C. (“SCH”) as Subsidiary Guarantors, and The Bank of New York Trust Company, N.A., as Trustee. The First Supplemental Indenture added Globe and SCH as Subsidiary Guarantors under the Indenture. Each of the Subsidiary Guarantors is a direct or indirect wholly owned subsidiary of Basic. The First Supplemental Indenture is attached as an exhibit hereto and incorporated herein by reference.

Item 2.03  Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

     The information set forth in Item 1.01 above is incorporated by reference into this Item 2.03.

Item 9.01 Financial Statements and Exhibits.

     (d)      Exhibits.

4.1 First Supplemental Indenture dated as of July 14, 2006 to Indenture dated as of April 12, 2006 among Basic Energy Services, Inc., as Issuer, the Subsidiary Guarantors named therein and The Bank of New York Trust Company, N.A., as Trustee.

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 hereunto duly authorized.

	Basic Energy Services, Inc.
Date: July 20, 2006	By:	/s/ Alan Krenek
		Alan Krenek
		Senior Vice President and Chief Financial Officer

EXHIBIT INDEX

Exhibit No.	Description
4.1	First Supplemental Indenture dated as of July 14, 2006 to Indenture dated as of April 12, 2006 among Basic Energy Services, Inc., as Issuer, the Subsidiary Guarantors named therein and The Bank of New York Trust Company, N.A., as Trustee.

EX-4.1

Exhibit 4.1

FIRST SUPPLEMENTAL INDENTURE

to

INDENTURE

Dated as of April 12, 2006

among

BASIC ENERGY SERVICES, INC.

as Issuer,

The GUARANTORS named therein

and

THE BANK OF NEW YORK TRUST COMPANY, N.A.

as Trustee

7.125% Senior Notes due 2016, Series A
7.125% Senior Notes due 2016, Series B

FIRST SUPPLEMENTAL INDENTURE

     SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of July 14, 2006, among Globe Well Service, Inc., a Texas corporation, and SCH Disposal, L.L.C., a Texas limited liability company (collectively, the “New Guarantors”), each a subsidiary of Basic Energy Services, Inc. (or its successor), a Delaware corporation (the “Issuer”), the Guarantors (the “Existing Guarantors”) under the Indenture referred to below, and The Bank of New York Trust Company, N.A., as trustee under the Indenture referred to below (the “Trustee”).

W I T N E S S E T H :

     WHEREAS the Issuer has heretofore executed and delivered to the Trustee an Indenture (as such may be amended from time to time, the “Indenture”), dated as of April 12, 2006 providing for the issuance of its 7.125% Senior Notes due 2016 (the “Notes”);

     WHEREAS under certain circumstances the Issuer is required to cause the New Guarantors to execute and deliver to the Trustee a supplemental indenture pursuant to which the New Guarantors shall unconditionally guarantee all of the Issuer’s obligations under the Notes pursuant to a Note Guarantee on the terms and conditions set forth herein; and

     WHEREAS pursuant to Section 8.01 of the Indenture, the Trustee, the Issuer and the Existing Guarantors are authorized to execute and deliver this Supplemental Indenture;

     NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the New Guarantors, the Issuer, the Existing Guarantors and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders as follows:

     1. Definitions. (a) Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

     (b) For all purposes of this Supplemental Indenture, except as otherwise herein expressly provided or unless the context otherwise requires: (i) the terms and expressions used herein shall have the same meanings as corresponding terms and expressions used in the Indenture; and (ii) the words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any particular section hereof.

     2. Agreement to Guarantee. Each New Guarantor hereby agrees, jointly and severally with all other Guarantors, to guarantee the Issuer’s obligations under the Notes on the terms and subject to the conditions set forth in Article 10 of the Indenture and to be bound by all other applicable provisions of the Indenture. From and after the date hereof, each New Guarantor shall be a Guarantor for all purposes under the Indenture and the Notes.

     3. Ratification of Indenture; Supplemental Indentures Part of Indenture. Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder heretofore or hereafter authenticated and delivered shall be bound hereby.

     4. Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

     5. Trustee Makes No Representation. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which are made solely by the Issuer.

     6. Multiple Counterparts. The parties may sign multiple counterparts of this Supplemental Indenture. Each signed counterpart shall be deemed an original, but all of them together represent one and the same agreement.

     7. Headings. The headings of this Supplemental Indenture have been inserted for convenience of reference only, are not to be considered a part hereof, and shall in no way modify or restrict any of the terms or provisions hereof.

[Signatures on following pages]

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     IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the date and year first above written.

BASIC ENERGY SERVICES, INC.
By:	/s/ Kenneth V. Huseman
Name:	Kenneth V. Huseman
Title:	President and Chief Executive Officer
NEW GUARANTORS:
GLOBE WELL SERVICE, INC.
By:	/s/ Kenneth V. Huseman
Name:	Kenneth V. Huseman
Title:	President
SCH DISPOSAL, L.L.C.
By:	/s/ Kenneth V. Huseman
Name:	Kenneth V. Huseman
Title:	President
EXISTING GUARANTORS:
BASIC ENERGY SERVICES GP, LLC
BASIC ENERGY SERVICES, L.P.
By: BASIC ENERGY SERVICES GP, LLC, its General Partner
BASIC ESA, INC.
BASIC MARINE SERVICES, INC.
ENERGY AIR DRILLING SERVICE CO, INC.
FESCO ALASKA, INC.
FIRST ENERGY SERVICES COMPANY
H.B. & R., INC.
LEBUS OIL FIELD SERVICE CO.
OILWELL FRACTURING SERVICES, INC.
R&R HOT OIL SERVICE, INC.
WESTERN OIL WELL SERVICE CO.
By:	/s/ Kenneth V. Huseman
Name:	Kenneth V. Huseman
Title:	President

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BASIC ENERGY SERVICES LP, LLC
By:	/s/ Scott Kinnamon
Name:	Scott Kinnamon
Title:	President

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THE BANK OF NEW YORK TRUST COMPANY, N.A., as Trustee
By:	/s/ John C. Stohlmann
Name:	John C. Stohlmann
Title:	Vice President

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