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)
                                January 29, 2001


                          Black Warrior Wireline Corp.

--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


Delaware                               0-18754                  11-2904094
--------------------------------------------------------------------------------
(State or other jurisdiction   (Commission File Number)       (IRS Employer
of incorporation)                                            Identification No.)


               3748 Highway 45 North, Columbus, Mississippi 39701
--------------------------------------------------------------------------------
                    (Address of principal executive offices)


       Registrant's telephone number, including area code: (601) 329-1047

--------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)











<PAGE>



Item 5.  Other Events and Regulation FD Disclosure.

         On January 29, 2001, the Company and Coast Business  Credit, a division
of  Southern  Pacific  Bank  ("Coast")  entered  into  a  First  Amendment  (the
"Amendment")  to Loan and Security  Agreement which amends certain  of the terms
of  the  Loan  and  Security   Agreement  dated  January  24,  2000  (the  "Loan
Agreement"). The Amendment, among other things, (i) deferred until June 30, 2001
the Company's  obligation to make monthly principal  payments of its Excess Cash
Flow,  as  defined,  provided  however,  in the event a sale of the  Company  or
substantially  all its assets is not  completed  by June 30, 2001 with  proceeds
sufficient  to pay all  obligations  due Coast under the Loan  Agreement  or the
deferred Excess Cash Flow payments are not paid on or before July 20, 2001, then
St.  James  Capital  Partners,  L.P.  is required to make or cause to be made an
additional  equity investment in the Company in an amount equal to such deferred
Excess Cash Flow payments,  (ii) provides that for the quarters ended  September
30, 2000,  December 31, 2000 and March 31, 2001,  the  Company's  "Tangible  Net
Worth" (as defined)  may be less than that of the previous  quarter but Tangible
Net Worth as of  September  30, 2000 must be at least $5.0 million and must have
increased  by $1.0 million by June 30, 2001,  and (iii)  provides  that the Debt
Service  Coverage  Ratio for September 30, 2000 shall be 1.0:1.0 and  thereafter
shall be 1.25:1.0,  excluding from the denominator of the ratio interest or debt
that has been  accrued  in lieu of being  paid in cash when due.  The  Amendment
deleted provisions requiring the Company to have actual revenue and EBIDTA of no
less than 80% of the amount  projected in the Loan  Agreement  and which limited
the  amount of the  Company's  capital  expenditures  to $50,000  per year.  The
provisions of the Loan  Agreement  relating to the guaranty of St. James Capital
Partners,  L.P.  and SJMB,  L.P.  (collectively,  "St.  James")  were amended to
release certain securities owned by St. James from serving as collateral for the
guaranty and to accept an $8.2 million letter of credit provided by St. James as
substitute collateral.

         At the closing under the Amendment,  the Company agreed to pay to Coast
on the  earlier  of June  30,  2001 or the  sale of the  Company  a  waiver  and
amendment  fee of $200,000 and agreed to pay Coast a letter of credit fee in the
amount of $5,000 per month.

         Reference  is made to the  Amendment  filed as an Exhibit  hereto for a
complete statement of its terms and conditions and to the Loan Agreement for the
definition of certain terms used herein.


                                      -2-

<PAGE>

Item 7.  Financial Statements and Exhibits.

         (a)      None required.

         (b)      None required.

         (c)      Exhibits:


                  Exhibit Number               Description of Document
                -------------------     ----------------------------------------
                      10.1.1                   First   Amendment   to  Loan  and
                                               Security  Agreement dated January
                                               29, 2001  between the Company and
                                               Coast business Credit, a division
                                               of Southern Pacific Bank.

                      99.9                     Press  Release  dated January 29,
                                               2001









                                      -3-

<PAGE>



                                   SIGNATURES

         Pursuant to the  requirements  of the  Securities  and  Exchange Act of
1934,  the  Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

                                                Black Warrior Wireline Corp.

Dated:  January 29, 2001              By:   /s/ William L. Jenkins
                                            ------------------------------------
                                                 William L. Jenkins, President


















                                      -4-
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{"company-data": {"conformed-name": "BLACK WARRIOR WIRELINE CORP", "cik": "0000839871", "assigned-sic": "1389", "irs-number": "112904094", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-18754", "film-number": "1519629"}, "business-address": {"street1": "3748 HWY 45 N", "city": "COLUMBUS", "state": "MS", "zip": "38701", "phone": "6013291047"}, "mail-address": {"street1": "3748 HWY 45 N", "city": "COLUMBUS", "state": "MS", "zip": "39701"}, "former-company": {"former-conformed-name": "TELETEK LTD", "date-changed": "19890719"}}
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)
                                January 29, 2001

                          Black Warrior Wireline Corp.

--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

Delaware                               0-18754                  11-2904094
--------------------------------------------------------------------------------
(State or other jurisdiction   (Commission File Number)       (IRS Employer
of incorporation)                                            Identification No.)

               3748 Highway 45 North, Columbus, Mississippi 39701
--------------------------------------------------------------------------------
                    (Address of principal executive offices)

       Registrant's telephone number, including area code: (601) 329-1047

--------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)
Item 5.  Other Events and Regulation FD Disclosure.

         On January 29, 2001, the Company and Coast Business  Credit, a division
of  Southern  Pacific  Bank  ("Coast")  entered  into  a  First  Amendment  (the
"Amendment")  to Loan and Security  Agreement which amends certain  of the terms
of  the  Loan  and  Security   Agreement  dated  January  24,  2000  (the  "Loan
Agreement"). The Amendment, among other things, (i) deferred until June 30, 2001
the Company's  obligation to make monthly principal  payments of its Excess Cash
Flow,  as  defined,  provided  however,  in the event a sale of the  Company  or
substantially  all its assets is not  completed  by June 30, 2001 with  proceeds
sufficient  to pay all  obligations  due Coast under the Loan  Agreement  or the
deferred Excess Cash Flow payments are not paid on or before July 20, 2001, then
St.  James  Capital  Partners,  L.P.  is required to make or cause to be made an
additional  equity investment in the Company in an amount equal to such deferred
Excess Cash Flow payments,  (ii) provides that for the quarters ended  September
30, 2000,  December 31, 2000 and March 31, 2001,  the  Company's  "Tangible  Net
Worth" (as defined)  may be less than that of the previous  quarter but Tangible
Net Worth as of  September  30, 2000 must be at least $5.0 million and must have
increased  by $1.0 million by June 30, 2001,  and (iii)  provides  that the Debt
Service  Coverage  Ratio for September 30, 2000 shall be 1.0:1.0 and  thereafter
shall be 1.25:1.0,  excluding from the denominator of the ratio interest or debt
that has been  accrued  in lieu of being  paid in cash when due.  The  Amendment
deleted provisions requiring the Company to have actual revenue and EBIDTA of no
less than 80% of the amount  projected in the Loan  Agreement  and which limited
the  amount of the  Company's  capital  expenditures  to $50,000  per year.  The
provisions of the Loan  Agreement  relating to the guaranty of St. James Capital
Partners,  L.P.  and SJMB,  L.P.  (collectively,  "St.  James")  were amended to
release certain securities owned by St. James from serving as collateral for the
guaranty and to accept an $8.2 million letter of credit provided by St. James as
substitute collateral.

         At the closing under the Amendment,  the Company agreed to pay to Coast
on the  earlier  of June  30,  2001 or the  sale of the  Company  a  waiver  and
amendment  fee of $200,000 and agreed to pay Coast a letter of credit fee in the
amount of $5,000 per month.

         Reference  is made to the  Amendment  filed as an Exhibit  hereto for a
complete statement of its terms and conditions and to the Loan Agreement for the
definition of certain terms used herein.

                                      -2-
Item 7.  Financial Statements and Exhibits.

         (a)      None required.

         (b)      None required.

         (c)      Exhibits:

                  Exhibit Number               Description of Document
                -------------------     ----------------------------------------
                      10.1.1                   First   Amendment   to  Loan  and
                                               Security  Agreement dated January
                                               29, 2001  between the Company and
                                               Coast business Credit, a division
                                               of Southern Pacific Bank.

                      99.9                     Press  Release  dated January 29,
                                               2001

                                      -3-
SIGNATURES

         Pursuant to the  requirements  of the  Securities  and  Exchange Act of
1934,  the  Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

                                                Black Warrior Wireline Corp.

Dated:  January 29, 2001              By:   /s/ William L. Jenkins
                                            ------------------------------------
                                                 William L. Jenkins, President

                                      -4-