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): September 28, 2004


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                                    (I.R.S. Employer
of incorporation or organization)                         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)



Item 8.01. Other Events and Regulation FD Disclosure

On September 28, 2004 Basic Earth Science Systems, Inc. (Basic, or the Company)
reported that it is installing casing in its Lynn #2 well in Williams County,
North Dakota after terminating drilling operations in the Devonian Duperow
formation and canceling plans to drill to the deeper Red River formation.

Additionally, the Company reported that the Lynn #1 well, drilled in May 2004,
is currently flowing at a rate of approximately 120 barrels of oil per day.
Also, the North Dakota Industrial Commission has approved an application to
commingle production from both the existing Nisku completion and the deeper
Duperow formation. The Duperow was previously tested and it is believed that
this formation is capable of production rates similar to the Nisku.

Finally, Basic also reported that efforts to place its 3-D "Bright Spot" Yegua
formation discovery in Wharton County, Texas on production are progressing as
scheduled and the Company expects to begin selling gas by late next week.

Item 9.01. Exhibits

     (C) Exhibits.

         Exhibit No.           Description
         -----------           -----------

         99.1                  Press Release dated September 28, 2004


                                    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:  September 28, 2004               By: /s/ Ray Singleton
                                        ---------------------------

                                        Ray Singleton, President

EX-99.1

Exhibit 99.1

                                  NEWS RELEASE

For Release:      For Immediate Release
Contact:          Ray Singleton
                  (303) 296-3076

      Basic Earth Announces Interim Results on North Dakota Drilling Effort

Denver, Colorado, September 28, 2004 - Basic Earth Science Systems, Inc. (Basic
or the Company) (OTCBB: BSIC) reported today that it has concluded drilling
operations in the Lynn #2 in Williams County, North Dakota. Based on surveys
conducted in this well, Basic and its partners have terminated drilling
operations in the Devonian Duperow formation and have canceled plans to drill to
the deeper Red River formation. However, the Company has been sufficiently
encouraged by the results of these surveys to install casing. Installing casing
in a well represents a decision to continue operations past the drilling phase
to determine if commercial production can be established. The Lynn #2, operated
by Missouri Basin Well Service, Inc., is located in the Indian Hills Field in
northwest North Dakota. Basic has an approximate 18 percent interest in the well
and estimates having spent approximately $170,000 for its portion of the
drilling costs to the current depth. The Company had previously pre-paid
$250,000 to cover its estimated drilling costs to the Red River formation. The
funds saved by canceling plans to drill to the deeper Red River will cover a
substantial portion of the $105,000 it expects to spend in efforts to place the
Lynn #2 on production.

"We continue to be extremely encouraged by the results of our North Dakota
efforts," said Ray Singleton, president of Basic. "We now anxiously await the
results of completion testing on this second well in hopes that this well will
also have a measurable impact on future revenues. With the benefit of continued
high cash flows, the Company has undertaken a level of drilling activity that
for this Company has been unprecedented in the last twenty years. With widely
dispersed exposure, our efforts over the next several months will search for
both natural gas and oil and involve both exploration and development drilling
activities in North Dakota, Montana, Colorado and Texas. We are extremely
excited about the significance these opportunities could have on the Company's
reserves and future revenues."

In related developments, the Lynn #1 continues to flow at the rate of
approximately 120 barrels of oil per day. In addition, the North Dakota
Industrial Commission has recently approved an application to commingle
production from both the existing Nisku completion and the deeper Duperow
formation. The Company and its partners previously tested the Duperow formation
and believe it is capable of production rates similar to the existing Nisku
completion. Basic has an 18 percent working interest (14.4 percent net revenue
interest) in the Lynn #1.

Basic's efforts to place its 3-D "Bright Spot," Yegua formation discovery in
Wharton County, Texas on production are progressing on schedule and the Company
expects to begin selling gas by late next week. This well is expected to have a
measurable impact on the Company's revenues in addition to its gas reserves.

Basic is an oil and gas exploration and production company with primary
operations in south Texas and in the Williston basin. Basic is traded on the
"over-the-counter - bulletin board" under the symbol BSIC.

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 "if," "potential," "possible," "should," "would," "may," "will,"
"anticipate," "estimate," "expect," "intend" or "continue," or comparable words.
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 Report on Form 10-QSB
for the quarter ended June 30, 2004 and the Company's Annual Report on Form
10-KSB for the fiscal year ended March 31, 2004, for meaningful cautionary
language disclosing why actual results may vary materially from those
anticipated by management.