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): August 3, 2007

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 August 3, 2007 Basic Earth Science Systems, Inc. issued the press release attached as Exhibit 99.1 providing an update on its LM # 2 well in McKenzie County, North Dakota.

Item 9.01. Exhibits

     (C) Exhibits.

Exhibit No.	Description
99.1	Press Release dated August 3, 2007

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: August 3, 2007	By:	/s/ Ray Singleton
		Ray Singleton, President

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release dated August 3, 2007

EX-99.1

Exhibit 99.1

NEWS RELEASE

Basic Earth Reports On LM #2 Stimulation Results

Denver, Colorado, August 3, 2007 — Basic Earth Science Systems, Inc. (Basic) (OTC:BB BSIC) reported that early results indicate that the recent stimulation efforts on the LM #2, a horizontal Rival formation well in McKenzie County, North Dakota, appear to have been successful. Estimates of stabilized production rates at this point are premature and the Company is waiting for the workover rig to be removed and surface equipment to be reconnected. However, preliminary data indicates initial oil production rates could reach 100 barrels per day. Basic has a 19.33% working interest in the LM #2 that is operated by Missouri Basin Well Service.

“We are encouraged by these results,” commented Ray Singleton, President of Basic. “Furthermore, if we can maintain this 150% rate increase, this stimulation design may be applied to other wells that Missouri Basin has drilled over the last two years.”

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. Basic’s web site is at www.basicearth.net where additional information about the Company can be accessed.

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 Annual Report on Form 10-KSB for the fiscal year ended March 31, 2007, for meaningful cautionary language disclosing why actual results may vary materially from those anticipated by management.