8-K

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): December 18, 2006

Commission File Number: 0-7914

BASIC EARTH SCIENCE SYSTEMS, INC.

(Exact name of registrant as specified in its charter)

Delaware	84-0592823
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification Number)
1801 Broadway, Suite 620 Denver, Colorado	80202-3835
(Address of principal executive offices)	(Zip Code)

(303) 296-3076
(Registrant telephone including area code)

Check the appropriate item below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

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 8.01. Other Events and Regulation FD Disclosure

On December 18, 2006 Basic Earth Science Systems, Inc. issued the press release attached as Exhibit 99.1 providing an update on its State #16-1H well in McKenzie County, North Dakota.

Item 9.01. Exhibits

     (C) Exhibits.

Exhibit No.	Description
99.1	Press Release dated December 18, 2006

SIGNATURE

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 EARTH SCIENCE SYSTEMS, INC.
Date: December 18, 2006	By:	/s/ Ray Singleton
		Ray Singleton, President

EXHIBIT INDEX

Exhibit No.	Description
99.2	Press Release dated December 18, 2006

EX-99.1

Exhibit 99.1

NEWS RELEASE

Basic Earth Reports On North Dakota Re-entry

Denver, Colorado, December 18, 2006 — Basic Earth Science Systems, Inc. (Basic) (OTC:BB BSIC) reported that production on the State #16-1H, a horizontal re-entry in McKenzie County, North Dakota, has substantially improved following equipment modifications performed earlier in the month. Last week, the oil/water ratio had increased to greater then 20% and oil production had increased to 120 barrels of oil per day. However, recent diagnostics indicate that the well is still capable of greater productivity and further modifications will be undertaken in the near future. Previously a vertical Mission Canyon producer, the well was re-entered in October of this year and three horizontal legs were added to enhance production. Prior to the reentry the well was making 35 barrels of oil per day. Basic has a 20% working interest in the State #16-1H that is operated by Missouri Basin Well Service.

“With this production and the likelihood of further gains, we are more than encouraged by these results,” commented Ray Singleton, President of Basic. “Indeed, as we continue to make progress in productivity, the likelihood of further drilling efforts in this area become more of a reality. However, at this point, it would be premature to predict if we will reach our goal of 250 barrels of oil per day or what our stabilized production rate will be.”

Founded in 1969, Basic is an oil and gas exploration and production company with primary operations in select areas of the Williston basin, the Denver-Julesburg basin in Colorado, the southern portions of Texas, and along the on-shore portions of the Gulf Coast. Basic is traded on the “over-the-counter — bulletin board” under the symbol BSIC. Additional information about Basic Earth Science Systems, Inc. can be accessed via the Company’s web site at www.basicearth.net.

Information herein contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which can be identified by words such as “should,” ”may,” “will,” “anticipate,” “estimate,” “intend” or “continue,” or comparable words or phrases. In addition, all statements other than statements of historical facts that address activities that Basic intends, expects or anticipates will or may occur in the future are forward-looking statements. Readers are encouraged to read the SEC reports of Basic, particularly the Company’s Quarterly Reports on Form 10-QSB for the quarters ended June 30 and September 30, 2006, in addition to the Company’s Annual Report on Form 10-KSB for the fiscal year ended March 31, 2006, for meaningful cautionary language disclosing why actual results may vary materially from those anticipated by management.