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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">UNITED
      STATES</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">SECURITIES
      AND EXCHANGE COMMISSION</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Washington,
      D.C. 20549</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">FORM
8-K</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CURRENT
REPORT</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
to Section 13 or 15(d) of The Securities Exchange Act of 1934</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Date
      of Report (Date of earliest event reported):</font></div>
            </td>
            <td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">March
      5, 2008</font></div>
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            <td colspan="5" valign="bottom" width="26%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">BEST
      ENERGY SERVICES, INC.</font></div>
              </div>
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            <td colspan="5" valign="top" width="26%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Exact
      name of registrant specified in its charter)</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Nevada</font></div>
            </td>
            <td colspan="2" valign="bottom" width="26%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">333-142350</font></div>
            </td>
            <td colspan="2" valign="bottom" width="26%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">02-0789714</font></div>
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(State
      or other jurisdiction of incorporation)</font></div>
            </td>
            <td colspan="2" valign="top" width="26%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Commission
      File Number)</font></div>
            </td>
            <td colspan="2" valign="top" width="26%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(I.R.S.
      Employer Identification No.)</font></div>
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            <td colspan="5" valign="top" width="26%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
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            <td colspan="4" valign="bottom" width="26%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">1010
      Lamar Street, 12<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: super">th</font>
      Floor, Houston, Texas</font></div>
            </td>
            <td valign="bottom" width="26%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">77002</font></div>
            </td>
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            <td colspan="4" valign="top" width="26%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Address
      of principal executive offices)</font></div>
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            <td valign="top" width="26%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Zip
      Code)</font></div>
            </td>
          </tr>
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            <td align="left" colspan="2" valign="bottom" width="26%">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Registrant&#8217;s
      telephone, including area code:</font></div>
            </td>
            <td align="left" colspan="3" valign="bottom" width="40%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(713)
      933-2600</font></div>
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      </font></td>
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            <td colspan="5" valign="top" width="26%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Former
      name and former address, if changed since last
  report)</font></div>
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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:</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 18pt"></font><font style="DISPLAY: inline;" face="Wingdings">&#168;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 18pt"></font><font style="DISPLAY: inline;" face="Wingdings">&#168;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 18pt"></font><font style="DISPLAY: inline;" face="Wingdings">o</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))</font></div>
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    <div align="center">
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-FAMILY: wingdings">&#160;o</font></font></div>
            </td>
            <td width="1201">
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;&#160;&#160;&#160;
      Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))</font></div>
            </td>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div style="WIDTH: 100%" align="left">
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">--</font></div>
        </div>
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          <hr style="COLOR: black" noshade size="2">
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</font></div>
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    <div>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
3.02&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Unregistered
Sales of Equity Securities</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On March
5, 2008, Best Energy Services, Inc. (the &#8220;Company&#8221;) granted stock options and
shares of restricted stock to two executive officers and stock options to four
outside directors.&#160;&#160;These grants were made pursuant to Section 4(2) of
the Securities Act of 1933, as amended.&#160;&#160;For more information, see
Items 5.02 and 8.01 below.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 72pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
      5.02</font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Departure
      of Directors or Certain Officers; Election of Directors; Appointment of
      Certain Officers; Compensatory Arrangements of Certain
      Officers.</font></div>
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      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;On
March 5, 2008, the Board of Directors of Best Energy Services, Inc. (the
&#8220;Company&#8221;) appointed fellow board member, James W. Carroll, as Executive Vice
President and Chief Financial Officer of the Company, effective
immediately.&#160;&#160;On March 5, 2008, Mr. Carroll and the Company executed
and delivered an employment agreement (the &#8220;Carroll Employment
Agreement&#8221;).&#160;&#160;Also on that date, the Company entered into an
employment agreement with its chief executive officer, Larry W. Hargrave (the
&#8220;Hargrave Employment Agreement&#8221;).</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mr.
Carroll has 28 years of experience in the oil and gas business. He learned the
business by working for fifteen years with the Cullen Family in Houston, Texas.
For his last seven years there, he was the chief financial officer of Quintana
Petroleum Corporation, the Cullens&#8217; primary operating company which operated
over 1,400 wells.&#160;&#160;In 1995, Mr. Carroll formed Bright Hawk Resources,
Inc., purchasing working and royalty interests in over 400 wells domestically
and assembling a 650,000-acre frontier exploration block in Central
America.&#160;&#160;In 2000, he broadened his public-company experience by
joining a new public internet/media company as their CFO. After successfully
leading that company through its first year of SEC reporting, during which it
closed ten small acquisitions, he co-founded Goldbridge Capital, LLC, a Houston
investment banking and business advisory firm. He had started his career in the
management consulting division of Ernst &amp; Young in 1977, prior to joining
the Cullens in 1980.&#160;&#160;Mr. Carroll holds a Bachelor&#8217;s degree, summa cum
laude, from Rice University with a double major in economics and management and
a Master&#8217;s degree in accounting, also from Rice. In addition, he was an Adjunct
Assistant Professor for five years in the graduate business school at Rice in
the early 1990&#8217;s. He is a Certified Public Accountant and a Certified Management
Accountant.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Carroll Employment Agreement has an initial term beginning March 5, 2008 and
ending on December 31, 2009.&#160;&#160;Under the terms of the Carroll
Employment Agreement, Mr. Carroll&#8217;s employment may be terminated at any time,
with or without cause, by either Mr. Carroll or the Company.&#160;&#160;Mr.
Carroll will receive an initial annual base salary of $150,000, which will be
increased to a rate of $192,000 per annum as of the first month beginning after
a Form S-1 registration statement of the Company for the resale of shares of
common stock sold by the Company in its 2008 private placement becomes
effective.&#160;&#160;Mr. Carroll also will receive certain other employee
benefits available generally to all employees or specifically to executives of
the Company.&#160;&#160;Mr. Carroll is also entitled to receive a discretionary
performance bonus beginning in 2008 and a $500 per month automobile
allowance.&#160;&#160;The Carroll Employment Agreement provides that the Board
of Directors of the Company shall determine whether to award a bonus to Mr.
Carroll and that Mr. Carroll&#8217;s discretionary performance bonus will be no less
than 50% of the greatest bonus paid to any other executive officer of the
Company.&#160;&#160;Under the terms of the Carroll Employment Agreement, if Mr.
Carroll&#8217;s employment terminates for any reason, he is entitled to continued
payment of his then base salary for six months and reimbursement of reimbursable
expenses.&#160;&#160;In addition, if his employment is terminated by the Company
without &#8220;cause&#8221; (as defined in the Carroll Employment Agreement), he will be
entitled to (i) continued payment of his then base salary and provision of
benefits for an additional period of six months and (ii) a pro rata share of any
performance bonus that he would have otherwise been eligible to
receive.&#160;&#160;The six-month period specified in clause (i) of the
foregoing sentence will be increased by one month for each full year of Mr.
Carroll&#8217;s employment up to a maximum of 12 months.&#160;&#160;Mr. Carroll also
received (i)&#160;a restricted grant of 150,000 shares of the Company&#8217;s common
stock; and (ii)&#160;options to purchase 150,000 shares of the Company&#8217;s common
stock that will vest on December 31, 2008 at a price per share equal to
$0.50.&#160;&#160;Mr. Carroll is also entitled to receive additional equity
awards at the sole discretion of the Board of Directors but in no event less
than 50% of the largest grant made to any other executive
officer.&#160;&#160;The foregoing description of the Carroll Employment
Agreement and the shares of common stock and options granted to him does not
purport to be a complete description thereof and is qualified in its entirety by
reference to the text of the Carroll Employment Agreement, which is filed as
Exhibit 10.1 of this Current Report on Form 8-K.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Hargrave Employment Agreement provides that Mr. Hargrave will serve as the
Company&#8217;s chairman of the board, president and chief executive officer, and has
an initial term beginning March 5, 2008 and ending on December 31,
2009.&#160;&#160;Under the terms of the Hargrave Employment Agreement, Mr.
Hargrave&#8217;s employment may be terminated at any time, with or without cause, by
either Mr. Hargrave or the Company.&#160;&#160;Mr. Hargrave will receive an
initial annual base salary of $150,000, which will be increased to a rate of
$192,000 per annum as of the first month beginning after a Form S-1 registration
statement of the Company for the resale of shares of common stock sold by the
Company in its 2008 private placement becomes effective.&#160;&#160;Mr. Hargrave
also will receive certain other employee benefits available generally to all
employees or specifically to executives of the Company.&#160;&#160;Mr. Hargrave
is also entitled to receive a discretionary performance bonus beginning in 2008
and a $500 per month automobile allowance.&#160;&#160;The Hargrave Employment
Agreement provides that the Board of Directors of the Company shall determine
whether to award a bonus to Mr. Hargrave and that Mr. Hargrave&#8217;s discretionary
performance bonus will be no less than 50% of the greatest bonus paid to any
other executive officer of the Company.&#160;&#160;Under the terms of the
Hargrave Employment Agreement, if Mr. Hargrave&#8217;s employment terminates for any
reason, he is entitled to continued payment of his then base salary for six
months and reimbursement of reimbursable expenses.&#160;&#160;In addition, if
his employment is terminated by the Company without &#8220;cause&#8221; (as defined in the
Hargrave Employment Agreement), he will be entitled to (i) continued payment of
his then base salary and provision of benefits for an additional period of six
months and (ii) a pro rata share of any performance bonus that he would have
otherwise been eligible to receive.&#160;&#160;The six-month period specified in
clause (i) of the foregoing sentence will be increased by one month for each
full year of Mr. Hargrave&#8217;s employment up to a maximum of 12
months.&#160;&#160;Mr. Hargrave also received (i) an options to purchase 300,000
shares of the Company&#8217;s common stock that vests as of the date of grant at a
purchase price per share equal to $0.16; and (ii) options to purchase 300,000
shares of the Company&#8217;s common stock that will vest on December 31, 2008 at a
price per share equal to $0.50.&#160;&#160;Mr. Hargrave is also entitled to
receive additional equity awards at the sole discretion of the Board of
Directors but in no event less than 50% of the largest grant made to any other
executive officer.&#160;&#160;The foregoing description of the Hargrave
Employment Agreement and the shares of common stock and options granted to him
does not purport to be a complete description thereof and is qualified in its
entirety by reference to the text of the Hargrave Employment Agreement which is
filed as Exhibit 10.2 of this Current Report on Form 8-K.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Mr.
Tony Bruce, our Vice President of Central Operations, was awarded options as
described below in Item 8.01 in his capacity as a Director.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
8.01&#160;&#160;Other Events.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;On
March 5, 2008, the Board of Directors awarded options to the following
Directors: Mark Harrington, Joel Gold, David Gad, and Tony
Bruce.&#160;&#160;They each were awarded options to purchase a total of 75,000
shares of our common stock, 25,000 at an exercise price of $0.16 per share and
50,000 at an exercise price of $0.50 per share.&#160;&#160;The $0.16 options
vested immediately and the $0.50 options vest on March 5, 2009.&#160;&#160;The
Directors also granted warrants to Christy Albeck, a contractor to the Company,
to purchase a total of 75,000 shares of our common stock, 25,000 at an exercise
price of $0.16 per share and 50,000 at an exercise price of $0.50 per
share.&#160;&#160;The $0.16 warrants vested immediately and the $0.50 warrants
vest on March 5, 2009.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The Board
of Directors also established a schedule of fees to be paid to Mr. Harrington,
Mr. Gold, Mr. Gad, and Mr. Bruce for their service as Directors, as
follows:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 144pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Annual
Retainer&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;$10,000</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 144pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Meeting
Fees&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;$1,000
(in person)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 144pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 144pt"></font>&#160;&#160;$500
(telephonic)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 144pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Committee
Meeting
Fees&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;$2,000
(in person)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 144pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 144pt"></font>&#160; $1,000
(telephonic)</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On March
11, 2008, the Company issued a press release announcing the election of Mr.
Carroll as Executive Vice President and Chief Financial Officer.&#160;&#160;A
copy of the press release is attached hereto as Exhibit 99.1 and is incorporated
herein by reference</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
9.01&#160;&#160;Financial Statements and Exhibits.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Exhibits.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div align="left">
      <table cellpadding="0" cellspacing="0" width="80%">
          <tr>
            <td align="left" valign="top" width="7%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">10.1</font></div>
            </td>
            <td valign="top" width="61%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Employment
      Agreement between Best Energy Services, Inc. and James W. Carroll dated
      March 5, 2008</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="7%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">10.2</font></div>
            </td>
            <td valign="top" width="61%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Employment
      Agreement between Best Energy Services, Inc. and Larry W. Hargrave dated
      March 5, 2008</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="7%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">99.1</font></div>
            </td>
            <td align="left" valign="top" width="61%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Press
      Release dated March 11, 2008</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div><br>
    <div>
      <hr style="COLOR: black" align="center" noshade size="1" width="100%">
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURES</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div align="center">
      <table cellpadding="0" cellspacing="0" width="50%">
          <tr>
            <td colspan="2" valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" colspan="2" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">BEST
      ENERGY SERVICES, INC.</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="2" valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td colspan="2" valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
          </tr>
          <tr>
            <td align="left" valign="top" width="6%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Date:</font></div>
            </td>
            <td align="left" valign="top" width="34%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">May
      22, 2008</font></div>
            </td>
            <td align="left" valign="top" width="5%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">By:</font></div>
            </td>
            <td align="left" valign="top" width="35%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">/s/
      Larry W. Hargrave</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="2" valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" colspan="2" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Name:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Larry
      W. Hargrave</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Title:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Chief
      Executive Officer</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="2" valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td colspan="2" valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div><br>
    <div>
      <hr style="COLOR: black" align="center" noshade size="1" width="100%">
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">EXHIBIT
INDEX</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">
          <tr>
            <td align="left" colspan="2" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Exhibit</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline">Number</font></font></div>
            </td>
            <td align="left" valign="top" width="58%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline">Document Description</font></font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">10.1</font></div>
            </td>
            <td valign="top" width="58%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Employment
      Agreement between Best Energy Services, Inc. and James W. Carroll dated
      March 5, 2008</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">10.2</font></div>
            </td>
            <td valign="top" width="58%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Employment
      Agreement between Best Energy Services, Inc. and Larry W. Hargrave dated
      March 5, 2008</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">99.1</font></div>
            </td>
            <td align="left" valign="top" width="58%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Press
      Release dated March 11, 2008</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div><br>
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{"company-data": {"conformed-name": "BEST ENERGY SERVICES, INC.", "cik": "0001397346", "assigned-sic": "1400", "irs-number": "000000000", "state-of-incorporation": "NV", "fiscal-year-end": "0131"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-142350", "film-number": "08853733"}, "business-address": {"street1": "1010 LAMAR STREET SUITE 1200", "city": "HOUSTON", "state": "TX", "zip": "77002", "phone": "713-933-2600"}, "mail-address": {"street1": "1010 LAMAR STREET SUITE 1200", "city": "HOUSTON", "state": "TX", "zip": "77002"}, "former-company": {"former-conformed-name": "Hybrook Resources Corp.", "date-changed": "20070424"}}
form8k_052108.htm
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):
March
      5, 2008
BEST
      ENERGY SERVICES, INC.
(Exact
      name of registrant specified in its charter)
Nevada
333-142350
02-0789714
(State
      or other jurisdiction of incorporation)
(Commission
      File Number)
(I.R.S.
      Employer Identification No.)
1010
      Lamar Street, 12
th
Floor, Houston, Texas
77002
(Address
      of principal executive offices)
(Zip
      Code)
Registrant's
      telephone, including area code:
(713)
      933-2600
(Former
      name and former address, if changed since last
  report)
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:
¨
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)
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
3.02                      Unregistered
Sales of Equity Securities
On March
5, 2008, Best Energy Services, Inc. (the "Company") granted stock options and
shares of restricted stock to two executive officers and stock options to four
outside directors.  These grants were made pursuant to Section 4(2) of
the Securities Act of 1933, as amended.  For more information, see
Items 5.02 and 8.01 below.
Item
      5.02
Departure
      of Directors or Certain Officers; Election of Directors; Appointment of
      Certain Officers; Compensatory Arrangements of Certain
      Officers.
(c)           On
March 5, 2008, the Board of Directors of Best Energy Services, Inc. (the
"Company") appointed fellow board member, James W. Carroll, as Executive Vice
President and Chief Financial Officer of the Company, effective
immediately.  On March 5, 2008, Mr. Carroll and the Company executed
and delivered an employment agreement (the "Carroll Employment
Agreement").  Also on that date, the Company entered into an
employment agreement with its chief executive officer, Larry W. Hargrave (the
"Hargrave Employment Agreement").
Mr.
Carroll has 28 years of experience in the oil and gas business. He learned the
business by working for fifteen years with the Cullen Family in Houston, Texas.
For his last seven years there, he was the chief financial officer of Quintana
Petroleum Corporation, the Cullens' primary operating company which operated
over 1,400 wells.  In 1995, Mr. Carroll formed Bright Hawk Resources,
Inc., purchasing working and royalty interests in over 400 wells domestically
and assembling a 650,000-acre frontier exploration block in Central
America.  In 2000, he broadened his public-company experience by
joining a new public internet/media company as their CFO. After successfully
leading that company through its first year of SEC reporting, during which it
closed ten small acquisitions, he co-founded Goldbridge Capital, LLC, a Houston
investment banking and business advisory firm. He had started his career in the
management consulting division of Ernst & Young in 1977, prior to joining
the Cullens in 1980.  Mr. Carroll holds a Bachelor's degree, summa cum
laude, from Rice University with a double major in economics and management and
a Master's degree in accounting, also from Rice. In addition, he was an Adjunct
Assistant Professor for five years in the graduate business school at Rice in
the early 1990's. He is a Certified Public Accountant and a Certified Management
Accountant.
The
Carroll Employment Agreement has an initial term beginning March 5, 2008 and
ending on December 31, 2009.  Under the terms of the Carroll
Employment Agreement, Mr. Carroll's employment may be terminated at any time,
with or without cause, by either Mr. Carroll or the Company.  Mr.
Carroll will receive an initial annual base salary of $150,000, which will be
increased to a rate of $192,000 per annum as of the first month beginning after
a Form S-1 registration statement of the Company for the resale of shares of
common stock sold by the Company in its 2008 private placement becomes
effective.  Mr. Carroll also will receive certain other employee
benefits available generally to all employees or specifically to executives of
the Company.  Mr. Carroll is also entitled to receive a discretionary
performance bonus beginning in 2008 and a $500 per month automobile
allowance.  The Carroll Employment Agreement provides that the Board
of Directors of the Company shall determine whether to award a bonus to Mr.
Carroll and that Mr. Carroll's discretionary performance bonus will be no less
than 50% of the greatest bonus paid to any other executive officer of the
Company.  Under the terms of the Carroll Employment Agreement, if Mr.
Carroll's employment terminates for any reason, he is entitled to continued
payment of his then base salary for six months and reimbursement of reimbursable
expenses.  In addition, if his employment is terminated by the Company
without "cause" (as defined in the Carroll Employment Agreement), he will be
entitled to (i) continued payment of his then base salary and provision of
benefits for an additional period of six months and (ii) a pro rata share of any
performance bonus that he would have otherwise been eligible to
receive.  The six-month period specified in clause (i) of the
foregoing sentence will be increased by one month for each full year of Mr.
Carroll's employment up to a maximum of 12 months.  Mr. Carroll also
received (i) a restricted grant of 150,000 shares of the Company's common
stock; and (ii) options to purchase 150,000 shares of the Company's common
stock that will vest on December 31, 2008 at a price per share equal to
$0.50.  Mr. Carroll is also entitled to receive additional equity
awards at the sole discretion of the Board of Directors but in no event less
than 50% of the largest grant made to any other executive
officer.  The foregoing description of the Carroll Employment
Agreement and the shares of common stock and options granted to him does not
purport to be a complete description thereof and is qualified in its entirety by
reference to the text of the Carroll Employment Agreement, which is filed as
Exhibit 10.1 of this Current Report on Form 8-K.
The
Hargrave Employment Agreement provides that Mr. Hargrave will serve as the
Company's chairman of the board, president and chief executive officer, and has
an initial term beginning March 5, 2008 and ending on December 31,
2009.  Under the terms of the Hargrave Employment Agreement, Mr.
Hargrave's employment may be terminated at any time, with or without cause, by
either Mr. Hargrave or the Company.  Mr. Hargrave will receive an
initial annual base salary of $150,000, which will be increased to a rate of
$192,000 per annum as of the first month beginning after a Form S-1 registration
statement of the Company for the resale of shares of common stock sold by the
Company in its 2008 private placement becomes effective.  Mr. Hargrave
also will receive certain other employee benefits available generally to all
employees or specifically to executives of the Company.  Mr. Hargrave
is also entitled to receive a discretionary performance bonus beginning in 2008
and a $500 per month automobile allowance.  The Hargrave Employment
Agreement provides that the Board of Directors of the Company shall determine
whether to award a bonus to Mr. Hargrave and that Mr. Hargrave's discretionary
performance bonus will be no less than 50% of the greatest bonus paid to any
other executive officer of the Company.  Under the terms of the
Hargrave Employment Agreement, if Mr. Hargrave's employment terminates for any
reason, he is entitled to continued payment of his then base salary for six
months and reimbursement of reimbursable expenses.  In addition, if
his employment is terminated by the Company without "cause" (as defined in the
Hargrave Employment Agreement), he will be entitled to (i) continued payment of
his then base salary and provision of benefits for an additional period of six
months and (ii) a pro rata share of any performance bonus that he would have
otherwise been eligible to receive.  The six-month period specified in
clause (i) of the foregoing sentence will be increased by one month for each
full year of Mr. Hargrave's employment up to a maximum of 12
months.  Mr. Hargrave also received (i) an options to purchase 300,000
shares of the Company's common stock that vests as of the date of grant at a
purchase price per share equal to $0.16; and (ii) options to purchase 300,000
shares of the Company's common stock that will vest on December 31, 2008 at a
price per share equal to $0.50.  Mr. Hargrave is also entitled to
receive additional equity awards at the sole discretion of the Board of
Directors but in no event less than 50% of the largest grant made to any other
executive officer.  The foregoing description of the Hargrave
Employment Agreement and the shares of common stock and options granted to him
does not purport to be a complete description thereof and is qualified in its
entirety by reference to the text of the Hargrave Employment Agreement which is
filed as Exhibit 10.2 of this Current Report on Form 8-K.
(e)           Mr.
Tony Bruce, our Vice President of Central Operations, was awarded options as
described below in Item 8.01 in his capacity as a Director.
Item
8.01  Other Events.
.           On
March 5, 2008, the Board of Directors awarded options to the following
Directors: Mark Harrington, Joel Gold, David Gad, and Tony
Bruce.  They each were awarded options to purchase a total of 75,000
shares of our common stock, 25,000 at an exercise price of $0.16 per share and
50,000 at an exercise price of $0.50 per share.  The $0.16 options
vested immediately and the $0.50 options vest on March 5, 2009.  The
Directors also granted warrants to Christy Albeck, a contractor to the Company,
to purchase a total of 75,000 shares of our common stock, 25,000 at an exercise
price of $0.16 per share and 50,000 at an exercise price of $0.50 per
share.  The $0.16 warrants vested immediately and the $0.50 warrants
vest on March 5, 2009.
The Board
of Directors also established a schedule of fees to be paid to Mr. Harrington,
Mr. Gold, Mr. Gad, and Mr. Bruce for their service as Directors, as
follows:
Annual
Retainer                                     $10,000
Meeting
Fees                                          $1,000
(in person)
$500
(telephonic)
Committee
Meeting
Fees                      $2,000
(in person)
$1,000
(telephonic)
On March
11, 2008, the Company issued a press release announcing the election of Mr.
Carroll as Executive Vice President and Chief Financial Officer.  A
copy of the press release is attached hereto as Exhibit 99.1 and is incorporated
herein by reference
Item
9.01  Financial Statements and Exhibits.
(d)           Exhibits.
10.1
Employment
      Agreement between Best Energy Services, Inc. and James W. Carroll dated
      March 5, 2008
10.2
Employment
      Agreement between Best Energy Services, Inc. and Larry W. Hargrave dated
      March 5, 2008
99.1
Press
      Release dated March 11, 2008
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.
BEST
      ENERGY SERVICES, INC.
Date:
May
      22, 2008
By:
/s/
      Larry W. Hargrave
Name:                      Larry
      W. Hargrave
Title:                      Chief
      Executive Officer
EXHIBIT
INDEX
Exhibit
Number
Document Description
10.1
Employment
      Agreement between Best Energy Services, Inc. and James W. Carroll dated
      March 5, 2008
10.2
Employment
      Agreement between Best Energy Services, Inc. and Larry W. Hargrave dated
      March 5, 2008
99.1
Press
      Release dated March 11, 2008
--