Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
WOMMACK H H III
 2. Issuer Name and Ticker or Trading Symbol
BASIC ENERGY SERVICES INC [BAS] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)

400 W. ILLINOIS, SUITE 950		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2006
(Street)


MIDLAND, TX 79701		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(check applicable line)

_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock             176 I See footnote (1) (2)
Common Stock             242,639 (3) D  
Common Stock             227,461 I See footnote (4)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
WOMMACK H H III
400 W. ILLINOIS
SUITE 950
MIDLAND, TX 79701		   X      

Signatures

/s/ H. H. Wommack, III 02/14/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) As of August 3, 2006, an aggregate of 2,101,641 shares were beneficially owned by Fortress Holdings, LLC ("Fortress") and by Anchor Resources, LLC ("Anchor"), as the general partner of each of Southwest Partners II, L.P. ("Southwest II") and Southwest Partners III, L.P. ("Southwest III" and together with Fortress, Anchor and Southwest II, the "Entities"). On August 4, 2006, an aggregate of 2,101,465 of these shares were distributed by the Entities to the individual partners and members of the Entities pursuant to a Registration Statement on Form S-1 filed by Basic Energy Services, Inc. with the SEC on July 25, 2006, as amended on August 3, 2006 (the "Registration Statement"). Mr. Wommack owns approximately 33% of the outstanding units of Fortress, and is a director or manager and the President of each of Fortress and Anchor. After giving effect to the distribution, Fortress continues to beneficially own 176 shares of Common Stock. (Continued in footnote 2)
(2) (Continued from footnote 1) Mr. Wommack disclaims beneficial ownership of the shares beneficially owned directly by Fortress and indirectly by Anchor, other than to the extent of his pecuniary interest in such shares.
(3) Mr. Wommack received such shares in connection with the distribution by the Entities pursuant to the Registration Statement.
(4) Galloway Bend Ltd. ("Galloway Bend") is the beneficial owner of such shares that were received in connection with the distribution by the Entities pursuant to the Registration Statement. Mr. Wommack and certain of his immediate family members hold the general partner and limited partner interests in Galloway Bend. Mr. Wommack disclaims beneficial ownership of the shares beneficially owned by Galloway Bend, other than to the extent of his pecuniary interest in such shares.

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