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): November 13, 2009

Commission File Number: 0-07914

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)

633 17th Street, Suite 1645 Denver, Colorado	80202
(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:

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

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

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

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

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Item 8.01 - Other Items 

 On February 11, 2010, Basic Earth Science Systems, Inc. issued the press release attached as Exhibit 99.1 announcing that on November 13, 2009 its Board of Directors authorized an increase under the Company's share repurchase program from $500,000 to $1,500,000, and on February 10, 2010, the Board extended the termination date of the program from April 22, 2010 to October 22, 2011.

Item 9.01 - - Exhibits

(d) Exhibits.

Exhibit No.	Description
99.1	Press Release dated February 11, 2010

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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: February 11, 2010	By: /s/ Ray Singleton
	Ray Singleton, President

EX-99.1

Press Release

BASIC EARTH EXTENDS SHARE REPURCHASE PROGRAM

DENVER, COLORADO – BASIC EARTH SCIENCE SYSTEMS, INC. (OTCBB:BSIC) announced that its Board of Directors has approved an extension of its share buyback program.  The program was originally announced in October 2008 and enabled the Company to purchase up to 500,000 shares of its outstanding common stock over an eighteen month period.  The program has been conducted on the open market and in private transactions at prevailing market prices.  Through December 31, 2009, Basic Earth had repurchased 283,015 shares of its common stock at an average price of $0.76 per share.  In November 2009, the Board approved a resolution to increase the number of shares the Company can repurchase to 1.5 million, and on February 10, 2010, the Board extended the termination date of the program from April 22, 2010 to October 22, 2011.

Basic Earth is an independent oil and gas exploration and production company with primary operations in the Williston Basin, the Denver-Julesburg Basin in Colorado, southern Texas and the Gulf Coast area.  Basic Earth is traded on the Over The Counter Bulletin Board under the symbol BSIC.  Information on Basic Earth can be found at its web site: www.basicearth.net.

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