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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>UNITED
      STATES</strong></font></div>
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      AND EXCHANGE COMMISSION </strong></font></div>
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      D.C. 20549 </strong></font></div>
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      8-K</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>CURRENT
      REPORT </strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of 1934
</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Date
      of Report (Date of earliest event reported): August 16,
      2006</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>FOOTHILLS
      RESOURCES, INC.</strong></font></div>
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      name of registrant as specified in its charter) </strong></font></div>
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      716-1320</strong></font></div>
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      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 (see General Instruction A.2. below): </font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 63pt; TEXT-INDENT: -63pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      1.01 </strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Entry
      into a Material Definitive Agreement</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As
      previously disclosed in the Company&#8217;s Current Report on Form 8-K filed with the
      Securities and Exchange Commission (the &#8220;SEC&#8221;) on April 6, 2006, on such date
      (the &#8220;Closing Date&#8221;) the Company closed a private offering of units of its
      securities (the &#8220;Offering&#8221;), each unit consisting of one share of common stock
      and a warrant to acquire three-quarters of a share of common stock. In
      connection with the Offering the Company entered into a Registration Rights
      Agreement with the investors in the Offering dated as of April 6, 2006, a copy
      of which agreement was filed as Exhibit 10.2 to the Company&#8217;s Current Report on
      Form 8-K filed with the SEC on April 6, 2006. Pursuant to the Registration
      Rights Agreement, the Company agreed to file a registration statement (the
      &#8220;Registration Statement&#8221;) within 120 days of the Closing Date (the &#8220;Registration
      Filing Date&#8221;) registering for resale the shares of common stock purchased by the
      investors in the Offering, the shares of common stock issuable on exercise
      of
      the warrants issued to the investors in the Offering and the shares of common
      stock issued as the finder fee (collectively, the &#8220;Registrable Securities&#8221;).
      Also, the </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Company
      agreed to use its commercially reasonable best efforts to cause such
      Registration Statement to be declared effective prior to 120 days following
      the
      Registration Filing Date (the &#8220;Registration Default Date&#8221;)</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      Pursuant to its terms, the Registration Rights Agreement may be amended, and
      provisions of the Registration Rights Agreement may be waived, by </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">consent
      in writing signed by the Company and the holders of a majority of the
      Registrable Securities.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As
      previously disclosed in the Company&#8217;s Current Report on Form 8-K filed with the
      SEC on June 27, 2006, the Company executed definitive purchase and sale
      agreements, on June 21, 2006, by and among the Company, Foothills Texas, Inc.
      and TARH E&amp;P Holdings L.P., pursuant to which Foothills Texas, Inc., a
      wholly owned subsidiary of the Company, will acquire four producing properties
      in Southeast Texas including the Goose Creek, Goose Creek East, Saratoga and
      Cleveland fields (the &#8220;TARH Acquisition&#8221;). </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
      contemplation of the TARH Acquisition and the related financing, on August
      16,
      2006, by consent of the Company and the holders of a majority of the Registrable
      Securities, the following actions were taken with respect to the Registration
      Rights Agreement: (i) the restriction in Section 3(d) of the Registration Rights
      Agreement was waived to the extent it prohibited the Company from registering
      any securities issued in connection with the TARH Acquisition and the financing
      thereof until the Registration Statement is declared effective by the SEC;
      (ii)
      the securities issued in connection with the TARH acquisition and the financing
      thereof were deemed &#8220;Registrable Securities&#8221; for purposes of Subsections 3(a),
      3(b) and 3(c), and Sections 4, 5, and 6 of the Registration Rights Agreement
      (provided, however, that the definition of &#8220;Majority Holders&#8221; in the
      Registration Rights Agreement did not change); (iii) the definition of
&#8220;Registration Filing Date&#8221; in Section 1 of the Registration Rights Agreement was
      amended to be August 31, 2006; and (iv) Section 3(e) of the Registration Rights
      Agreement was amended to cap the liquidated damages payable to any qualified
      purchaser to 12% of the purchase price per share of the Registrable Securities
      held by such qualified purchaser.</font></div><br>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; 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>
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                Resources, Inc.</font></div>
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                /s/ W. Kirk
                Bosch&#233;&#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;
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                W. Kirk Bosch&#233;</font></div>
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                Chief Financial Officer</font></div>
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                August 22, 2006</font></div>
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{"company-data": {"conformed-name": "FOOTHILLS RESOURCES INC", "cik": "0001133494", "assigned-sic": "1311", "irs-number": "000000000", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-31547", "film-number": "061048445"}, "business-address": {"street1": "4540 CALIFORNIA AVENUE", "street2": "SUITE 550", "city": "BAKERSFIELD", "state": "CA", "zip": "93309", "phone": "(832) 567-0766"}, "mail-address": {"street1": "4540 CALIFORNIA AVENUE", "street2": "SUITE 550", "city": "BAKERSFIELD", "state": "CA", "zip": "93309"}}
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): August 16,
      2006
FOOTHILLS
      RESOURCES, INC.
(Exact
      name of registrant as specified in its charter)
Nevada
001-31546
98-0339560
(State
                or other jurisdiction
of
                incorporation)
(Commission
                File Number)
(I.R.S.
                Employer
Identification
                Number)
4540
                California Avenue, Suite 550
Bakersfield,
                California
93309
(Address
                of principal executive offices)
(Zip
                Code)
(661)
      716-1320
(Registrant's
      telephone number, including area code)
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 (see General Instruction A.2. below):
¨
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))
Item
      1.01
Entry
      into a Material Definitive Agreement
.
As
      previously disclosed in the Company's Current Report on Form 8-K filed with the
      Securities and Exchange Commission (the "SEC") on April 6, 2006, on such date
      (the "Closing Date") the Company closed a private offering of units of its
      securities (the "Offering"), each unit consisting of one share of common stock
      and a warrant to acquire three-quarters of a share of common stock. In
      connection with the Offering the Company entered into a Registration Rights
      Agreement with the investors in the Offering dated as of April 6, 2006, a copy
      of which agreement was filed as Exhibit 10.2 to the Company's Current Report on
      Form 8-K filed with the SEC on April 6, 2006. Pursuant to the Registration
      Rights Agreement, the Company agreed to file a registration statement (the
      "Registration Statement") within 120 days of the Closing Date (the "Registration
      Filing Date") registering for resale the shares of common stock purchased by the
      investors in the Offering, the shares of common stock issuable on exercise
      of
      the warrants issued to the investors in the Offering and the shares of common
      stock issued as the finder fee (collectively, the "Registrable Securities").
      Also, the
Company
      agreed to use its commercially reasonable best efforts to cause such
      Registration Statement to be declared effective prior to 120 days following
      the
      Registration Filing Date (the "Registration Default Date")
.
      Pursuant to its terms, the Registration Rights Agreement may be amended, and
      provisions of the Registration Rights Agreement may be waived, by
consent
      in writing signed by the Company and the holders of a majority of the
      Registrable Securities.
As
      previously disclosed in the Company's Current Report on Form 8-K filed with the
      SEC on June 27, 2006, the Company executed definitive purchase and sale
      agreements, on June 21, 2006, by and among the Company, Foothills Texas, Inc.
      and TARH E&P Holdings L.P., pursuant to which Foothills Texas, Inc., a
      wholly owned subsidiary of the Company, will acquire four producing properties
      in Southeast Texas including the Goose Creek, Goose Creek East, Saratoga and
      Cleveland fields (the "TARH Acquisition").
In
      contemplation of the TARH Acquisition and the related financing, on August
      16,
      2006, by consent of the Company and the holders of a majority of the Registrable
      Securities, the following actions were taken with respect to the Registration
      Rights Agreement: (i) the restriction in Section 3(d) of the Registration Rights
      Agreement was waived to the extent it prohibited the Company from registering
      any securities issued in connection with the TARH Acquisition and the financing
      thereof until the Registration Statement is declared effective by the SEC;
      (ii)
      the securities issued in connection with the TARH acquisition and the financing
      thereof were deemed "Registrable Securities" for purposes of Subsections 3(a),
      3(b) and 3(c), and Sections 4, 5, and 6 of the Registration Rights Agreement
      (provided, however, that the definition of "Majority Holders" in the
      Registration Rights Agreement did not change); (iii) the definition of
"Registration Filing Date" in Section 1 of the Registration Rights Agreement was
      amended to be August 31, 2006; and (iv) Section 3(e) of the Registration Rights
      Agreement was amended to cap the liquidated damages payable to any qualified
      purchaser to 12% of the purchase price per share of the Registrable Securities
      held by such qualified purchaser.
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.
Foothills
                Resources, Inc.
By:
/s/ W. Kirk
                Bosché
Name:
                W. Kirk Bosché
Title:
                Chief Financial Officer
Date:
                August 22, 2006