<PAGE>   1

--------------------------------------------------------------------------------
--------------------------------------------------------------------------------

                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-Q

<Table>
<C>          <S>
                               (MARK ONE)
    [X]      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
             OF THE SECURITIES EXCHANGE ACT OF 1934



              FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2001



                                   OR




    [ ]      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
             OF THE SECURITIES EXCHANGE ACT OF 1934



               FOR THE TRANSITION PERIOD FROM           TO
</Table>

                       COMMISSION FILE NUMBER: 000-31721

                           W-H ENERGY SERVICES, INC.
             (Exact name of Registrant as Specified in its Charter)

<Table>
<S>                                            <C>
                    TEXAS                                        76-0281502
       (State or other jurisdiction of                         (IRS Employer
        Incorporation or organization)                      Identification No.)
</Table>

                             10370 RICHMOND AVENUE
                                   SUITE 990
                              HOUSTON, TEXAS 77042
             (Address of principal executive offices and zip code)

                                 (713) 974-9071
              (Registrant's telephone number, including area code)

     Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the past 12 months (or for such shorter period that the Registrant
was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.  Yes [X]  No [ ]

     As of July 31, 2001 there were outstanding 25,748,396 shares of Common
Stock, par value $0.0001 per share, of the Registrant.

--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
<PAGE>   2

                           W-H ENERGY SERVICES, INC.

                                     INDEX

<Table>
<Caption>
                                                                        PAGE
                                                                        ----
<S>      <C>                                                            <C>
PART I.  FINANCIAL INFORMATION
Item 1.  Financial Statements........................................      1
         Consolidated Balance Sheets --
         June 30, 2001 and December 31, 2000.........................      1
         Consolidated Statements of Operations and Comprehensive
           Income (Loss) --
           Three months and six months ended June 30, 2001 and
           2000......................................................      2
         Consolidated Statements of Cash Flows --
           Six months ended June 30, 2001 and 2000...................      3
         Notes to Consolidated Financial Statements..................      4
Item 2.  Management's Discussion and Analysis of Financial Condition
           and Results of Operations.................................      9
Item 3.  Quantitative and Qualitative Disclosure About Market Risk...     13

PART
  II.    OTHER INFORMATION
Item 1.  Legal Proceedings...........................................     14
Item 2.  Changes in Securities and Use of Proceeds...................     14
Item 5.  Other Information...........................................     14
Item 6.  Exhibits and Reports on Form 8-K............................     14
Signatures...........................................................     16
</Table>

                                        i
<PAGE>   3

                         PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

                           W-H ENERGY SERVICES, INC.

                          CONSOLIDATED BALANCE SHEETS
                      (IN THOUSANDS, EXCEPT SHARE AMOUNTS)

<Table>
<Caption>
                                                               JUNE 30,     DECEMBER 31,
                                                                 2001           2000
                                                              -----------   ------------
                                                              (UNAUDITED)
<S>                                                           <C>           <C>
                                         ASSETS


Current Assets:
  Cash and cash equivalents.................................   $ 34,634       $  3,376
  Accounts receivable, net of allowance of $4,030 and
     $3,425, respectively...................................     77,570         60,825
  Inventories...............................................     25,668         18,523
  Deferred income taxes.....................................      3,239          2,726
  Prepaid expenses and other................................      1,881          1,200
                                                               --------       --------
          Total current assets..............................    142,992         86,650
Property and equipment, net.................................    125,862        100,966
Goodwill and other intangibles, net.........................     81,203         41,768
Other assets, net...........................................      4,148          2,847
                                                               --------       --------
          Total assets......................................   $354,205       $232,231

                                                               ========       ========
                          LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities:
  Current maturities of long-term debt......................   $  5,300       $  1,850
  Accounts payable..........................................     19,932         19,716
  Accrued liabilities.......................................     35,855         15,550
                                                               --------       --------
          Total current liabilities.........................     61,087         37,116
Long-term debt, net of current maturities...................    118,825         80,062
Deferred income taxes.......................................      6,809          2,516
Commitments and Contingencies
Shareholders' Equity:
  Preferred stock, $0.01 par value, 10,000,000 shares
     authorized, none issued and outstanding................         --             --
  Common stock, $0.0001 par value, 100,000,000 shares
     authorized, 25,746,720 and 22,273,014 shares issued and
     outstanding, respectively..............................          3              2
  Additional paid-in capital................................    197,723        162,662
  Deferred compensation.....................................       (993)        (1,195)
  Cumulative translation adjustment.........................     (1,958)        (1,038)
  Note receivable from shareholder..........................         --            (45)
  Retained deficit..........................................    (27,291)       (47,849)
                                                               --------       --------
          Total shareholders' equity........................    167,484        112,537
                                                               --------       --------
          Total liabilities and shareholders' equity........   $354,205       $232,231
                                                               ========       ========
</Table>

  The accompanying notes are an integral part of these consolidated financial
                                  statements.

                                        1
<PAGE>   4

                           W-H ENERGY SERVICES, INC.

     CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
               (IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)

<Table>
<Caption>
                                             FOR THE THREE MONTHS         FOR THE SIX MONTHS
                                                ENDED JUNE 30,              ENDED JUNE 30,
                                           -------------------------   -------------------------
                                              2001          2000          2001          2000
                                           -----------   -----------   -----------   -----------
                                                  (UNAUDITED)                 (UNAUDITED)
<S>                                        <C>           <C>           <C>           <C>
Revenues.................................  $    94,286   $    52,173   $   173,242   $    99,410
Costs and expenses:
  Cost of revenues.......................       48,090        28,827        89,655        54,680
  Selling, general and administrative....       16,553        10,319        30,015        20,094
  Research and development...............        1,954         1,510         3,563         2,960
  Depreciation and amortization..........        6,433         4,626        12,141         9,055
                                           -----------   -----------   -----------   -----------
          Total costs and expenses.......       73,030        45,282       135,374        86,789
                                           -----------   -----------   -----------   -----------
          Income from operations.........       21,256         6,891        37,868        12,621
Other expense (income):
  Interest expense.......................        2,056         6,990         3,977        13,500
  Other, net.............................          (29)           43           (90)          177
                                           -----------   -----------   -----------   -----------
          Income (loss) before income
            taxes........................       19,229          (142)       33,981        (1,056)
  Provision for income taxes.............        7,602            82        13,423           374
                                           -----------   -----------   -----------   -----------
          Net income (loss)..............  $    11,627   $      (224)  $    20,558   $    (1,430)
                                           ===========   ===========   ===========   ===========
Comprehensive income (loss):
  Net income (loss)......................  $    11,627   $      (224)  $    20,558   $    (1,430)
  Foreign currency translation
     adjustment..........................           77          (642)         (920)         (948)
                                           -----------   -----------   -----------   -----------
  Comprehensive income (loss)............  $    11,704   $      (866)  $    19,638   $    (2,378)
                                           ===========   ===========   ===========   ===========
Earnings (loss) per share:
  Basic..................................  $      0.51   $     (0.02)  $      0.91   $     (0.12)
  Diluted................................  $      0.44   $     (0.02)  $      0.79   $     (0.12)
Number of shares used in calculation of
  earnings (loss) per share:
  Basic..................................   22,939,067    12,059,336    22,632,853    12,057,640
  Diluted................................   26,469,218    12,059,336    26,143,983    12,057,640
</Table>

  The accompanying notes are an integral part of these consolidated financial
                                  statements.

                                        2
<PAGE>   5

                           W-H ENERGY SERVICES, INC.

                     CONSOLIDATED STATEMENTS OF CASH FLOWS
                                 (IN THOUSANDS)

<Table>
<Caption>
                                                              FOR THE SIX MONTHS
                                                                ENDED JUNE 30,
                                                              -------------------
                                                                2001       2000
                                                              --------   --------
                                                                  (UNAUDITED)
<S>                                                           <C>        <C>
Cash Flows from Operating Activities:
  Net income (loss).........................................  $ 20,558   $ (1,430)
  Adjustment to reconcile net income (loss) to cash provided
     by operating activities --
     Depreciation and amortization..........................    12,141      9,055
     Gain on the sale of assets.............................    (4,347)    (3,242)
     Deferred tax provision.................................     3,780        142
     Non-cash stock-based compensation expense..............        --         83
     Amortization of deferred compensation..................       202        202
     Non-cash interest expense..............................       244      1,226
     Change in operating assets and liabilities, excluding
      effects of acquisitions --
       Increase in accounts receivable, net.................   (16,570)    (5,662)
       Increase in inventories..............................    (7,145)    (1,321)
       Increase in prepaid expenses and other...............       (74)      (608)
       Increase in other assets, net........................    (2,378)    (1,661)
       Increase in accounts payable and accrued
        Liabilities.........................................    19,635      4,568
                                                              --------   --------
          Net cash provided by operating activities.........    26,046      1,352
                                                              --------   --------
Cash Flows from Investing Activities:
  Acquisition of business, net of cash acquired.............   (33,146)        --
  Additions to property and equipment.......................   (30,002)   (14,449)
  Proceeds from sale of property and equipment..............     6,558      5,066
                                                              --------   --------
          Net cash used in investing activities.............   (56,590)    (9,383)
                                                              --------   --------
Cash Flows from Financing Activities:
  Proceeds from the issuance of debt........................    51,236     26,775
  Payments on debt..........................................   (13,523)   (16,621)
  Proceeds from the exercise of stock options and stock
     purchase warrants......................................     5,147         --
  Proceeds from the issuance of common stock to the
     public.................................................    19,862         --
                                                              --------   --------
          Net cash provided by financing activities.........    62,722     10,154
                                                              --------   --------
Translation Adjustment......................................      (920)      (948)
Net Increase in Cash and Cash Equivalents...................    31,258      1,175
Cash and Cash Equivalents, beginning of period..............     3,376      2,490
                                                              --------   --------
Cash and Cash Equivalents, end of period....................  $ 34,634   $  3,665
                                                              ========   ========
</Table>

  The accompanying notes are an integral part of these consolidated financial
                                  statements.

                                        3
<PAGE>   6

                           W-H ENERGY SERVICES, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

1. BUSINESS ORGANIZATION

  Description of Company

     W-H Energy Services, Inc., a Texas corporation, and its subsidiaries
(collectively, W-H) is a diversified oilfield service company that provides
products and services used primarily for the drilling, completion and production
of oil and natural gas wells. W-H has the following three primary lines of
business: (i) drilling related products and services, which include
logging-while-drilling (LWD), measurement-while-drilling (MWD), rental tools
(including drill pipe), downhole drilling motors and drilling fluids; (ii)
completion and workover related products and services, which include cased-hole
wireline logging and perforating, polymers and specialty chemicals, tubing and
coiled tubing; and (iii) maintenance and safety related products and services,
which include waste management and safety equipment.

     On June 27, 2001, W-H closed on a follow-on equity offering comprised of
900,000 shares of common stock offered by W-H and 4,600,000 shares of common
stock offered by selling shareholders at a price to the public of $24 per share.
W-H received approximately $19.9 million from the sale of the 900,000 shares of
common stock, after deducting underwriting fees and offering expenses; and
approximately $4.3 million in respect of the aggregate exercise price of
warrants that were sold by the selling shareholders to, and exercised by, the
underwriters. The net proceeds of the offering have been invested in short-term,
investment grade, interest-bearing securities.

  Basis of Presentation

     The unaudited consolidated financial statements have been prepared in
accordance with generally accepted accounting principles for interim financial
information and the instructions to Form 10-Q and Rule 10 of Regulation S-X.
Accordingly, they do not include all of the information and footnotes required
by generally accepted accounting principles for complete financial statements.
In the opinion of management, all necessary adjustments (which include only
normal recurring adjustments) considered necessary for a fair presentation have
been included. Operating results for the three months and six months ended June
30, 2001 are not necessarily indicative of the results that may be expected for
the year ending December 31, 2001. For further information, refer to the
December 31, 2000 consolidated financial statements and footnotes thereto
included in W-H's most recent Registration Statement filed on Form S-1 with the
Securities and Exchange Commission.

  Recent Accounting Pronouncements

     In July 2001, the Financial Accounting Standards Board issued Statement of
Financial Accounting Standards (SFAS) No. 141, "Business Combinations" and No.
142, "Goodwill and Other Intangible Assets." SFAS 141 requires all business
combinations initiated after June 30, 2001 to be accounted for using the
purchase method. Under SFAS 142, goodwill and intangible assets with indefinite
lives are no longer amortized but are reviewed annually (or more frequently if
impairment indicators arise) for impairment. Separable intangible assets that
are not deemed to have indefinite lives will continue to be amortized over their
useful lives (but with no maximum life). The amortization provisions of SFAS 142
apply to goodwill and intangible assets acquired after June 30, 2001. With
respect to goodwill and intangible assets acquired prior to July 1, 2001, W-H is
required to adopt SFAS 142 effective January 1, 2002. Management is currently
evaluating the effect that adoption of the provisions of SFAS 142 that are
effective January 1, 2002 will have on its results of operations and financial
condition. W-H recognized approximately $1.0 million and $0.8 million in
goodwill amortization expense during the six months ended June 30, 2001 and
2000, respectively.

                                        4
<PAGE>   7
                           W-H ENERGY SERVICES, INC.

           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)

2. EARNINGS PER SHARE

     Basic earnings per share excludes dilution and is computed by dividing
income available to common shareholders by the weighted-average number of common
shares outstanding for the period. Diluted earnings per share is computed
considering the dilutive effect of stock options and warrants. A total of
2,974,436 warrants are considered to be outstanding as of the date of issuance
and included in the computation of basic and diluted earnings per share as the
warrants were exercisable for nominal consideration and were not contingent. For
the three months and six months ended June 30, 2001, 1,974,628 and 1,913,413
shares, respectively, resulting from the assumed exercise of options or warrants
were added to the denominator because the inclusion of such shares would be
dilutive. For the three months and six months ended June 30, 2000, no additional
shares were included in the denominator, with the exception of the warrants
exercisable for nominal consideration discussed above, as such shares would be
antidilutive due to the loss recognized for such period included in the
consolidated statements of operations and comprehensive income (loss).

3. ACQUISITION

     On May 31, 2001, W-H acquired Louisiana-based Coil Tubing Services, L.L.C.
(CTS). CTS provides coiled tubing services for oil and natural gas wells located
on land, in the inland waterways and offshore through its facility in Broussard,
Louisiana. W-H acquired CTS for $43.0 million in cash, common stock and
convertible subordinated notes and assumed approximately $4.1 million in CTS
debt.

     The acquisition of CTS has been accounted for using the purchase method of
accounting for business combinations. Accordingly, the results of operations of
CTS have been included in the W-H financial statements since the date of
acquisition. The purchase price has been allocated to the assets acquired based
upon their estimated fair market values at the date of acquisition. The excess
of the purchase price over the estimated fair value of the assets acquired has
been recorded as goodwill, approximately $40.0 million, and is being amortized
over 20 years on a straight-line basis (Note 1 -- Recent Accounting
Pronouncements).

     The amounts included in the consolidated balance sheet as of June 30, 2001
related to the acquisition of CTS are based upon preliminary information and are
subject to adjustment if and when additional information is obtained. Management
does not anticipate any material changes in the preliminary allocations.

     The following unaudited pro forma as adjusted consolidated financial
information presents consolidated results of operations as if W-H had acquired
CTS on January 1, 2000 (in thousands, except per share amounts):

<Table>
<Caption>
                                               THREE MONTHS ENDED     SIX MONTHS ENDED
                                                    JUNE 30,              JUNE 30,
                                               -------------------   -------------------
                                                 2001       2000       2001       2000
                                               --------   --------   --------   --------
<S>                                            <C>        <C>        <C>        <C>
Revenues.....................................  $98,352    $55,415    $183,786   $105,463
Net Income...................................  $12,141    $  (168)   $ 22,309   $ (1,671)
Earnings Per Share:
  Basic......................................  $  0.52    $ (0.01)   $   0.97   $  (0.13)
  Diluted....................................  $  0.45    $ (0.01)   $   0.84   $  (0.13)
</Table>

     The unaudited pro forma as adjusted consolidated financial information does
not purport to represent what W-H's results of operations actually would have
been had the acquisition of CTS occurred on the date indicated nor are they
intended to project W-H's results of operations for any future period or date.
The unaudited pro forma as adjusted consolidated financial information should be
read in conjunction with the historical financial statements included in W-H's
most recent Registration Statement filed on Form S-1 with the Securities and
Exchange Commission.

                                        5
<PAGE>   8
                           W-H ENERGY SERVICES, INC.

           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)

4. DEBT

  Credit Facility

     On May 31, 2001, in connection with the acquisition of CTS (Note 3), W-H
amended and restated its $115 million credit facility increasing the amount
available for borrowing to $165 million. The amended and restated credit
facility consists of a Term A and a Term B loan facility in the amount of $40.0
million and $80.0 million, respectively. Additionally, the amended and restated
credit facility has a $45.0 million revolving loan commitment of which none was
outstanding at June 30, 2001. The Term A loan facility matures on October 16,
2005 and requires payments escalating from $0 in the first year to $14.0 million
in the fifth year. The Term B loan facility will mature on April 16, 2007 and
requires principal payments of $0.8 million in each of the first six years with
the outstanding balance being due on the maturity date. The revolving loan
commitment matures on October 16, 2005. At W-H's option, amounts borrowed under
the credit facility will bear interest at either a variable rate equal to the
reserve-adjusted LIBOR or an alternate base rate, plus in each case, an
applicable margin. The applicable margin ranges from 1.75% to 3.00% in the case
of a LIBOR based loan under the revolving credit facility or the Term A loan
facility and is 3.25% in the case of a LIBOR based loan under the Term B loan
facility. For alternate base rate loans, the applicable margin ranges from 0.75%
to 2.00% under the revolving credit facility and the Term A loan facility and is
2.25% under the Term B loan facility. The foregoing margins are subject to
adjustment based on a debt service coverage ratio and a leverage ratio. Our
credit facility requires, among other things, that we maintain certain financial
ratios and limits the amount of capital expenditures we may make, the amount of
debt we may incur outside of the credit facility, our ability to pay dividends
and future investments.

     The credit facility is secured by a lien on all of W-H's property and
assets, a pledge of all of the capital stock of W-H's domestic subsidiaries and
a pledge of not greater than 65% of the capital stock of each of W-H's foreign
subsidiaries. In addition, the credit facility is guaranteed by all of W-H's
domestic subsidiaries.

  Convertible Subordinated Notes

     In connection with the CTS acquisition (Note 3), W-H issued $4.5 million in
convertible subordinated notes (the Notes) to eight individuals (the Sellers) as
partial consideration for the acquisition. The notes bear interest at 9% per
annum, payment of which is due quarterly. The principal and accrued interest is
due at the December 31, 2003 maturity date. The Sellers may convert the notes
into shares of common stock within 30 days of maturity at a rate of 0.0331
shares of common stock for each $1.00 of principal, subject to adjustment based
upon various factors. W-H may redeem the notes at its discretion at any time
prior to maturity with no prepayment penalty. However, the Sellers would have
the option to exercise the conversion feature prior to redemption by the W-H.
Management does not intend to exercise the redemption feature.

5. SEGMENTS

     SFAS No. 131, "Disclosures about Segments of an Enterprise and Related
Information" requires that companies report separately information about each
significant operating segment reviewed by the chief operating decision maker.
Management has elected to organize segments based on differences in each
segment's customers and the products and services offered without aggregating
operating segments. All segments that meet a threshold of 10% of revenues,
reported profit or loss, or combined assets are defined as significant segments.
Based on these requirements, management has identified three reportable
segments, drilling related products and services, completion and workover
related products and services, and maintenance and safety related products and
services.

                                        6
<PAGE>   9
                           W-H ENERGY SERVICES, INC.

           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)

  Drilling Related Products and Services

     The drilling related products and services segment provides products and
services used by oil and natural gas companies, drilling contractors and other
oilfield service companies for the drilling of oil and natural gas wells. These
products and services are used primarily onshore in the United States, Canada
and Europe and offshore in the Gulf of Mexico, the North Sea, the Caspian Sea,
the Mediterranean Sea, the Persian Gulf and Brazil. This segment consists of
five primary business lines: (i) LWD; (ii) MWD; (iii) rental tools; (iv)
downhole drilling motors; and (v) drilling fluids.

  Completion and Workover Related Products and Services

     The completion and workover related products and services segment provides
products and services primarily to customers onshore in the Gulf Coast region
and offshore in the Gulf of Mexico. These products include: (i) wireline logging
and perforating; (ii) polymers and specialty chemicals; (iii) tubing; and (iv)
coiled tubing.

  Maintenance and Safety Related Products and Services

     The maintenance and safety related products and services segment provides
products and services primarily for refinery and petrochemical plant
applications and major and independent oil and natural gas companies, including:
(i) waste management and (ii) safety equipment.

     W-H recognizes revenues, cost of products and services, selling, general
and administrative, and depreciation and amortization by segment. Interest
expense and other income (expense) are not monitored by segment. Summarized
information for W-H's reportable segments is contained in the following tables
(in thousands):

     As of and for the three months ended June 30, 2001 (unaudited):

<Table>
<Caption>
                                                         MAINTENANCE
                                 DRILLING   COMPLETION   AND SAFETY     OTHER     TOTAL
                                 --------   ----------   -----------   -------   --------
<S>                              <C>        <C>          <C>           <C>       <C>
Revenues.......................  $ 67,708    $ 19,450      $ 7,128     $    --   $ 94,286
Operating Income...............    17,460       4,558          596      (1,358)    21,256
EBITDA(a)......................    21,685       6,058        1,276      (1,200)    27,819
Total assets...................   189,537     100,989       25,683      37,996    354,205
Capital expenditures...........    13,911       3,659        1,374          43     18,987
</Table>

     As of and for the three months ended June 30, 2000 (unaudited):

<Table>
<Caption>
                                                         MAINTENANCE
                                 DRILLING   COMPLETION   AND SAFETY     OTHER     TOTAL
                                 --------   ----------   -----------   -------   --------
<S>                              <C>        <C>          <C>           <C>       <C>
Revenues.......................  $ 35,462    $10,677       $ 6,034     $    --   $ 52,173
Operating Income...............     5,518      1,807           622      (1,056)     6,891
EBITDA(a)......................     8,758      2,633         1,210        (996)    11,605
Total assets...................   136,800     45,214        19,407       5,069    206,490
Capital expenditures...........     4,856      1,981           907         127      7,871
</Table>

                                        7
<PAGE>   10
                           W-H ENERGY SERVICES, INC.

           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)

     As of and for the six months ended June 30, 2001 (unaudited):

<Table>
<Caption>
                                                         MAINTENANCE
                                 DRILLING   COMPLETION   AND SAFETY     OTHER     TOTAL
                                 --------   ----------   -----------   -------   --------
<S>                              <C>        <C>          <C>           <C>       <C>
Revenues.......................  $124,856    $ 33,848      $14,538     $    --   $173,242
Operating Income...............    31,482       7,788        1,360      (2,762)    37,868
EBITDA(a)......................    39,567      10,373        2,685      (2,324)    50,301
Total assets...................   189,537     100,989       25,683      37,996    354,205
Capital expenditures...........    20,200       6,261        3,447          94     30,002
</Table>

     As of and for the six months ended June 30, 2000 (unaudited):

<Table>
<Caption>
                                                         MAINTENANCE
                                 DRILLING   COMPLETION   AND SAFETY     OTHER     TOTAL
                                 --------   ----------   -----------   -------   --------
<S>                              <C>        <C>          <C>           <C>       <C>
Revenues.......................  $ 68,053    $19,564       $11,793     $    --   $ 99,410
Operating Income...............    10,737      2,913         1,113      (2,142)    12,621
EBITDA(a)......................    16,931      4,572         2,271      (1,990)    21,784
Total assets...................   136,800     45,214        19,407       5,069    206,490
Capital expenditures...........     6,723      5,556         1,701         469     14,449
</Table>

---------------

(a)  W-H calculates EBITDA as earnings before interest expense, income taxes,
     depreciation and amortization, and non-cash stock-based compensation
     expense. EBITDA should not be considered as an alternative to net income or
     any other measure of operating performance calculated in accordance with
     generally accepted accounting principles. EBITDA is widely used by
     financial analysts as measure of financial performance. W-H's calculation
     of EBITDA may not be comparable to similarly titled measures reported by
     other companies.

     W-H operates in the United States, the North Sea and other geographic
regions. The following is summary information by geographic region (in
thousands) (unaudited):

     Revenues:

<Table>
<Caption>
                                               FOR THE THREE MONTHS   FOR THE SIX MONTHS
                                                   ENDED JUNE,          ENDED JUNE 30,
                                               --------------------   ------------------
                                                 2001        2000       2001      2000
                                               --------    --------   --------   -------
<S>                                            <C>         <C>        <C>        <C>
The United States............................  $83,376     $48,422    $153,028   $92,041
The North Sea................................    6,178       3,330      10,682     6,948
Other........................................    4,732         421       9,532       421
                                               -------     -------    --------   -------
          Total..............................  $94,286     $52,173    $173,242   $99,410
                                               =======     =======    ========   =======
</Table>

     Operating Income:

<Table>
<Caption>
                                                 FOR THE THREE MONTHS    FOR THE SIX MONTHS
                                                      ENDED JUNE,          ENDED JUNE 30,
                                                 ---------------------   -------------------
                                                   2001         2000       2001       2000
                                                 ---------    --------   --------   --------
<S>                                              <C>          <C>        <C>        <C>
The United States..............................   $17,474      $6,529    $32,551    $11,386
The North Sea..................................     1,687         181      1,962      1,054
Other..........................................     2,095         181      3,355        181
                                                  -------      ------    -------    -------
          Total................................   $21,256      $6,891    $37,868    $12,621
                                                  =======      ======    =======    =======
</Table>

     Long-Lived Assets:

<Table>
<Caption>
                                                              JUNE 30,   DECEMBER 31,
                                                                2001         2000
                                                              --------   ------------
<S>                                                           <C>        <C>
The United States...........................................  $201,258     $135,749
The North Sea...............................................     8,117        8,629
Other.......................................................     1,838        1,203
                                                              --------     --------
          Total.............................................  $211,213     $145,581
                                                              ========     ========
</Table>

                                        8
<PAGE>   11

ITEM 2.MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
       OF OPERATIONS

     The following discussion and analysis of our financial condition and
results of operations should be read in conjunction with our Consolidated
Financial Statements and related notes appearing elsewhere in this Form 10-Q.
This discussion and analysis may contain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, that involve risks,
uncertainties and assumptions. The words "believe," "expect," "plan," "intend,"
"estimate," "project," "will," "could," "may," and similar expressions are
intended to identify forward-looking statements. No assurance can be given that
actual results will not differ materially from the results discussed in the
forward-looking statements as a result of important risk factors including, but
not limited to, the current and expected future prices of crude oil and natural
gas, capital expenditures by customers, the development and implementation of
new technologies, weather conditions in offshore markets, risks associated with
the occurrence of personal injuries, loss of life, damage or destruction of
property, equipment or the environment and suspension of operations, our ability
to attract and retain skilled workers, the loss of key members of management,
competition in our industry, compliance with and developments in environmental
and other governmental regulations, the loss of the use of certain technologies,
the concentration of customers in the energy industry, our ability to
successfully integrate future acquisitions, political and economic risks, a
change in the estimated life of goodwill and restrictions on our ability to
raise additional funds. For additional discussion of these risks, please see the
discussion set forth under the heading "Factors That May Affect Future Results
And Accuracy Of Forward Looking Statements" contained in our most recent
Registration Statement filed on Form S-1 with the Securities and Exchange
Commission. We expressly disclaim any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statement to reflect
any change in our expectations with regard thereto or any change in events,
conditions or circumstances on which any forward-looking statement is based.

OVERVIEW OF THE MARKETS FOR OUR PRODUCTS AND SERVICES

     Demand for our products and services began to increase during the fourth
quarter of 1999 and further increased in 2000 and the first half of 2001,
primarily as a result of higher oil and natural gas prices. The level of market
improvement for our businesses through 2001 will be heavily dependent on whether
oil and natural gas prices remain at levels that will allow oil and natural gas
companies to economically pursue exploration and development activities.

RESULTS OF OPERATIONS

  Three Months Ended June 30, 2001 Compared to the Three Months Ended June 30,
  2000

     Revenues.  Revenues increased by $42.1 million, or approximately 81%, to
$94.3 million for the three months ended June 30, 2001 from $52.2 million for
the three months ended June 30, 2000. This increase is attributable to increased
activity levels within the oil and natural gas industry, higher asset
utilization, our international expansion effort and the benefit of additional
equipment, which was added to our rental fleet in 2000 and the first half of
2001.

     Revenues from our drilling related products and services increased by $32.2
million, or approximately 91%, to $67.7 million for the three months ended June
30, 2001 from $35.5 million for the three months ended June 30, 2000. This
increase is primarily attributable to an increase in drilling activity, higher
asset utilization rates, our international expansion effort and the benefit of
additional equipment, which was added to our rental fleet in 2000 and the first
half of 2001.

     Revenues from our completion and workover related products and services
increased by $8.8 million, or approximately 82%, to $19.5 million for the three
months ended June 30, 2001 from $10.7 million for the three months ended June
30, 2000. Revenue increased as a result of an increase in workover rig activity,
higher utilization rates and the benefit of additional equipment, which was
added to our rental fleet in 2000 and the first half of 2001.

                                        9
<PAGE>   12

     Revenues from our maintenance and safety related products and services
increased by $1.1 million, or approximately 18.1%, to $7.1 million for the three
months ended June 30, 2001 from $6.0 million for the three months ended June 30,
2000. This increase was primarily the result of an increase in the number of
plant overhauls and turnarounds and the benefit of additional equipment that was
added in 2000 and the first half of 2001.

     Cost of Revenues.  Cost of revenues increased by $19.3 million, or
approximately 67%, to $48.1 million for the three months ended June 30, 2001
from $28.8 million for the three months ended June 30, 2000. As a percentage of
revenues, cost of revenues decreased to 51% for the three months ended June 30,
2001 from 55% for the three months ended June 30, 2000, due to a significant
portion of our costs being fixed.

     Selling, General and Administrative Expenses.  Selling, general and
administrative expenses increased by $6.2 million, or approximately 61%, to
$16.5 million for the three months ended June 30, 2001 from $10.3 million for
the three months ended June 30, 2000. The increase was attributable to our
expansion of sales, administration and marketing personnel in 2000 and the first
half of 2001. As a percentage of revenues, selling, general and administrative
expenses decreased to 18% for the three months ended June 30, 2001 from 20% for
the three months ended June 30, 2000, due to a significant portion of our costs
being fixed.

     Research and Development Expenses.  Research and development expenses
increased by $0.4 million, or approximately 30%, to $1.9 million for the three
months ended June 30, 2001 from $1.5 million for the three months ended June 30,
2000. This increase was the result of increased research and development
spending on our MWD/LWD technologies.

     Depreciation and Amortization.  Depreciation and amortization increased by
$1.8 million, or approximately 39%, to $6.4 million for the three months ended
June 30, 2001 from $4.6 million for the three months ended June 30, 2000. This
increase was the result of depreciation associated with our increased capital
expenditures.

     Interest and Other Expense.  Interest and other expense for the three
months ended June 30, 2001 was $2.0 million, a decrease of $5.0 million, or
approximately 72%, from $7.0 million for the three months ended June 30, 2000.
The decrease was primarily due to our significant debt reduction in October 2000
funded by our IPO.

     Net Income (Loss).  Net income for the three months ended June 30, 2001 was
$11.6 million, an improvement of $11.8 million, from the $0.2 million loss
reported for the three months ended June 30, 2000.

  Six Months Ended June 30, 2001 Compared to the Six Months Ended June 30, 2000

     Revenues.  Revenues increased by $73.8 million, or approximately 74%, to
$173.2 million for the six months ended June 30, 2001 from $99.4 million for the
six months ended June 30, 2000. This increase is attributable to increased
activity levels within the oil and natural gas industry, higher asset
utilization, our international expansion effort and the benefit of additional
equipment, which was added to our rental fleet in 2000 and the first half of
2001.

     Revenues from our drilling related products and services increased by $56.8
million, or approximately 84%, to $124.9 million for the six months ended June
30, 2001 from $68.1 million for the six months ended June 30, 2000. This
increase is primarily attributable to an increase in drilling activity, higher
asset utilization rates, our international expansion effort and the benefit of
additional equipment, which was added to our rental fleet in 2000 and the first
half of 2001.

     Revenues from our completion and workover related products and services
increased by $14.3 million, or approximately 73%, to $33.8 million for the six
months ended June 30, 2001 from $19.6 million for the six months ended June 30,
2000. Revenue increased as a result of an increase in workover rig activity,
higher utilization rates and the benefit of additional equipment, which was
added to our rental fleet in 2000 and the first half of 2001.

     Revenues from our maintenance and safety related products and services
increased by $2.7 million, or approximately 23%, to $14.5 million for the six
months ended June 30, 2001 from $11.8 million for the six
                                        10
<PAGE>   13

months ended June 30, 2000. This increase was primarily the result of an
increase in the number of plant overhauls and turnarounds and the benefit of
additional equipment that was added in 2000 and the first half of 2001.

     Cost of Revenues.  Cost of revenues increased by $35.0 million, or
approximately 64%, to $89.7 million for the six months ended June 30, 2001 from
$54.7 million for the six months ended June 30, 2000. As a percentage of
revenues, cost of revenues decreased to 52% for the six months ended June 30,
2001 from 55% for the six months ended June 30, 2000, due to a significant
portion of our costs being fixed.

     Selling, General and Administrative Expenses.  Selling, general and
administrative expenses increased by $9.9 million, or approximately 50%, to
$30.0 million for the six months ended June 30, 2001 from $20.1 million for the
six months ended June 30, 2000. The increase was attributable to our expansion
of sales, administration and marketing personnel in 2000 and the first half of
2001. As a percentage of revenues, selling, general and administrative expenses
decreased to 18% for the six months ended June 30, 2001 from 21% for the six
months ended June 30, 2000, due to a significant portion of our costs being
fixed.

     Research and Development Expenses.  Research and development expenses
increased by $0.6 million, or approximately 20%, to $3.6 million for the six
months ended June 30, 2001 from $3.0 million for the six months ended June 30,
2000. This increase was the result of increased research and development
spending on our MWD/LWD technologies.

     Depreciation and Amortization.  Depreciation and amortization increased by
$3.1 million, or approximately 34%, to $12.1 million for the six months ended
June 30, 2001 from $9.1 million for the six months ended June 30, 2000. This
increase was the result of depreciation associated with our increased capital
expenditures.

     Interest and Other Expense.  Interest and other expense for the six months
ended June 30, 2001 was $3.9 million, a decrease of $9.8 million, or
approximately 72%, from $13.7 million for the six months ended June 30, 2000.
The decrease was primarily due to our significant debt reduction in October 2000
funded by our IPO.

     Net Income (Loss).  Net income for the six months ended June 30, 2001 was
$20.6 million, an improvement of $22.0 million, from the $1.4 million loss
reported for the six months ended June 30, 2000.

LIQUIDITY AND CAPITAL RESOURCES

     Our primary uses for cash are working capital, capital expenditures,
acquisitions and principal and interest payments on indebtedness. To the extent
our cash requirements for working capital, capital expenditures, acquisitions
and principal and interest payments on indebtedness exceed cash flow from
operations, we must fund our cash requirements primarily through debt and equity
financing activities.

     Working capital was $81.9 million as of June 30, 2001 and $49.5 million as
of December 31, 2000. Net cash provided by operating activities was $26.0
million for the six months ended June 30, 2001 and $1.4 million for the six
months ended June 30, 2000. Increases in working capital and cash flow from
operating activities are principally the result of increased levels of operating
activity, as well as the proceeds received from our follow-on equity offering.

     Net cash used in investing activities was $56.6 million for the six months
ended June 30, 2001 and $9.4 million for the six months ended June 30, 2000. Net
cash used in investing activities was principally the result of our capital
expenditures program and the acquisition of CTS in May 2001.

     Net cash provided by financing activities was $62.7 million for the six
months ended June 30, 2001 and $10.2 million for the six months ended June 30,
2000. Net cash provided by financing activities was primarily due to debt
issuances under our credit facilities used to fund capital expenditures,
acquisitions and repay debt obligations and our follow-on equity offering in
June 2001.

     On June 27, 2001, we closed on a follow-on equity offering comprised of
900,000 shares of common stock offered by us and 4,600,000 shares of common
stock offered by selling shareholders at a price to the public of

                                        11
<PAGE>   14

$24 per share. We received approximately $20.0 million from the sale of the
900,000 shares of common stock, after deducting underwriting fees and offering
expenses; and approximately $4.0 million in respect of the aggregate exercise
price of warrants that were sold by the selling shareholders to, and exercised
by, the underwriters. The net proceeds of the offering have been invested in
short-term, investment grade, interest-bearing securities.

     On May 31, 2001, in connection with our acquisition of Louisiana-based Coil
Tubing Services, L.L.C., (CTS), we amended and restated our $115.0 million
credit facility increasing borrowing availability to $165.0 million. Our amended
and restated credit facility includes the following features:

     - a $40.0 million Term A loan facility that will amortize over five years,
       will mature on October 16, 2005 and will require that we make annual
       principal repayments ranging from 0% of the original loan amount in the
       first year of the credit facility to 35% of the original loan amount on
       October 16, 2005;

     - a $80.0 million Term B original loan facility that will amortize over six
       and one-half years, will mature on April 16, 2007 and will require that
       we make annual principal repayments of 1% of the original loan amount in
       each of the first six years of the credit facility with the outstanding
       balance due on April 16, 2007; and

     - a $45.0 million revolving credit facility that may be borrowed, prepaid
       and reborrowed from time to time and will mature on October 16, 2005.

     At our option, amounts borrowed under the credit facility will bear
interest at either a variable rate equal to the reserve-adjusted LIBOR or an
alternate base rate, plus, in each case, an applicable margin. The applicable
margin ranges from 1.75% to 3.00% in the case of a LIBOR based loan under the
revolving credit facility or the Term A loan facility and is 3.25% in the case
of a LIBOR based loan under the Term B loan facility. For alternate base rate
loans, the applicable margin ranges from 0.75% to 2.00% under the revolving
credit facility and the Term A loan facility and is 2.25% under the Term B loan
facility. The foregoing margins are subject to adjustment based on a debt
service coverage ratio and a leverage ratio.

     Our credit facility is secured by a lien on all of our property and assets,
a pledge of all of the capital stock of our domestic subsidiaries and a pledge
of not greater than 65% of the capital stock of each of our foreign
subsidiaries. In addition, our credit facility is guaranteed by all of our
domestic subsidiaries. The credit facility requires, among other things, that we
maintain certain financial ratios and limits the amount of capital expenditures
we may make, the amount of debt we may incur outside of the credit facility, our
ability to pay dividends and future investments. As of December 31, 2000 and
June 30, 2001, we had outstanding borrowings under our credit facility of $81.9
million and $119.6 million, respectively.

  Convertible Subordinated Notes

     In connection with the CTS acquisition (Note 3), W-H issued $4.5 million in
convertible subordinated notes (the Notes) to eight individuals (the Sellers) as
partial consideration for the acquisition. The notes bear interest at 9% per
annum, payment of which is due quarterly. The principal and accrued interest is
due at the December 31, 2003 maturity date. The Sellers may convert the notes
into shares of common stock within 30 days of maturity at a rate of 0.0331
shares of common stock for each $1.00 of principal, subject to adjustment based
upon various factors. W-H may redeem the notes at its discretion at any time
prior to maturity with no prepayment penalty. However, the Sellers would have
the option to exercise the conversion feature prior to redemption by the W-H.
Management does not intend to exercise the redemption feature.

     We have made capital expenditures, primarily for additional rental tool
inventory, additional LWD and MWD tools and wireline equipment, of 30.0 million,
including expenditures for the replacement of equipment lost in hole, for the
six months ended June 30, 2001. In addition, we have incurred $3.6 million in
research and development expenses for the six months ended June 30, 2001.
Management believes that cash generated from operations, cash on-hand and
amounts available under our revolving line of credit will provide sufficient
funds for our identified capital projects, debt service and working capital
requirements. However, part of our strategy involves the acquisition of
companies that have products and services complementary to our existing

                                        12
<PAGE>   15

strategic base of operations. Depending on the size of any future acquisitions,
we may require additional debt financing, possibly in excess of the limits of
the credit facility, or additional equity financing.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

     We are exposed to market risks. Market risk is the potential loss arising
from adverse changes in market prices and rates. We do not enter into derivative
or other financial instruments for trading or speculative purposes. Our market
risk could arise from changes in interest rates and foreign currency exchange
rates.

     Interest Rate Risk.  We are subject to market risk exposure related to
changes in interest rates. Assuming our current level of borrowings, a 100 basis
point increase in interest rates under these borrowings would increase our as
adjusted interest expense by approximately $598,000, for the six months ended
June 30, 2001.

     Foreign Currency Exchange Risk.  Our earnings and financial position are
affected by foreign exchange rate fluctuations. We currently do not hedge
against foreign currency translation risks, and we believe that foreign currency
exchange risk is not significant to our operations.

                                        13
<PAGE>   16

                           PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

     For a description of certain previously disclosed legal proceedings to
which we are a party, please see the discussion set forth under the headings
"Business -- Legal Proceedings" and "Business -- Licenses, Patents and
Trademarks" contained in our Registration Statement filed on Form S-1 with the
Securities and Exchange Commission.

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS

     On May 31, 2001, the Company issued 372,340 shares of its common stock
valued at $30.25 per share and $4.5 million in aggregate principal amount of
convertible subordinated notes to eight individuals as partial consideration for
the acquisition of 100% of the membership interests in Coil Tubing Services,
L.L.C., a Louisiana limited liability company. This issuance of securities was
made in reliance upon the exemptions from registration set forth in Section 4(2)
of the Securities Act and Regulation D under the Securities Act.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

     a. Exhibits

<Table>
<Caption>
        EXHIBIT
         NUMBER                                  DESCRIPTION
        -------                                  -----------
<C>                      <S>
          1.1            -- Underwriting Agreement dated June 22, 2001 among the
                            Company, the Underwriters and the Selling Shareholders
                            set forth therein.*
          3.1            -- Restated Articles of Incorporation of the Company
                            (incorporated by reference to Exhibit 3.1 of the
                            Company's Registration Statement No. 333-43411 on Form
                            S-1)
          3.2            -- Amended and Restated Bylaws of the Company (incorporated
                            by reference to Exhibit 3.2 of the Company's Registration
                            Statement No. 333-43411 on Form S-1)
          4.1            -- Specimen Common Stock Certificate (incorporated by
                            reference to Exhibit 4.1 of the Company's Registration
                            Statement No. 333-43411 on Form S-1)
          9.1            -- Amended and Restated Stockholders Agreement, dated March
                            26, 1999 (incorporated by reference to Exhibit 9.1 of the
                            Company's Registration Statement No. 333-43411 on Form
                            S-1)
         10.1(a)         -- Amendment No. 1 to Amended and Restated Employment
                            Agreement of Kenneth T. White, Jr., dated January 24,
                            2001 (incorporated by reference to Exhibit 10.1(a) of the
                            Company's Annual Report on Form 10-K for the Year Ended
                            December 31, 2000)**
         10.1(b)         -- Amended and Restated Employment Agreement of Kenneth T.
                            White, Jr., dated March 27, 1999 (incorporated by
                            reference to Exhibit 10.1 of the Company's Registration
                            Statement No. 333-43411 on Form S-1)**
         10.2            -- Employment Agreement of Jeffery L. Tepera, dated May 1,
                            2000, as amended (incorporated by reference to Exhibit
                            10.2 of the Company's Registration Statement No.
                            333-43411 on Form S-1)**
         10.3            -- Employment Agreement of William J. Thomas III, dated May
                            1, 2000 (incorporated by reference to Exhibit 10.3 of the
                            Company's Registration Statement No. 333-43411 on Form
                            S-1)**
         10.4            -- W-H Energy Services, Inc. 1997 Stock Option Plan
                            (incorporated by reference to Exhibit 10.4 of the
                            Company's Registration Statement No. 333-43411 on Form
                            S-1)**
         10.5            -- Warrant Agreement for Kenneth T. White, Jr. (incorporated
                            by reference to Exhibit 10.6 of the Company's
                            Registration Statement No. 333-43411 on Form S-1)
</Table>

                                        14
<PAGE>   17

<Table>
<Caption>
        EXHIBIT
         NUMBER                                  DESCRIPTION
        -------                                  -----------
<C>                      <S>
         10.6            -- Non-Statutory Stock Option Agreement, dated March 29,
                            1999 (incorporated by reference to Exhibit 10.5 of the
                            Company's Registration Statement No. 333-43411 on Form
                            S-1.)**
         10.7            -- Warrant Agreement of William J. Thomas III (incorporated
                            by reference to Exhibit 10.7 of the Company's
                            Registration Statement No. 333-43411 on Form S-1)
         10.8            -- Form of Indemnification Agreement (incorporated by
                            reference to Exhibit 10.8 of the Company's Registration
                            Statement No. 333-43411 on Form S-1)**
         10.9            -- Agreement and Plan of Recapitalization among W-H
                            Investment, L.P. and W-H Holdings, Inc. and the
                            stockholders identified therein, dated August 11, 1997
                            (incorporated by reference to Exhibit 10.9 of the
                            Company's Registration Statement No. 333-43411 on Form
                            S-1)
         10.10           -- Amended and Restated TJC Transaction Advisory Agreement
                            With TJC Management Corp., dated March 26, 1999
                            (incorporated by reference to Exhibit 10.11 of the
                            Company's Registration Statement No. 333-43411 on Form
                            S-1)
         10.11           -- Purchase and Sale Agreement by and between W-H Energy
                            Services, Inc. and Halliburton Energy Services, Inc., a
                            Halliburton Company, dated January 22, 1999, as amended
                            (incorporated by reference to Exhibit 10.12 of the
                            Company's Registration Statement No. 333-43411 on Form
                            S-1)
         10.12           -- Agri-Empresa Stock Purchase Agreement, dated July 27,
                            1998 (incorporated by reference to Exhibit 10.13 of the
                            Company's Registration Statement No. 333-43411 on Form
                            S-1)
         10.14           -- Amended and Restated Credit Agreement dated as of May 31,
                            2001 among W-H Energy Services, Inc., the Financial
                            Institutions named, therein as lenders, Credit Suisse
                            First Boston, as Syndication Agent, and Wells Fargo Bank
                            Texas, N.A., as Administrative Agent (incorporated by
                            reference to Exhibit 10.12 of the Company's Registration
                            Statement No. 333-62140 on Form S-1)
         10.15           -- Employment Agreement of Ernesto Bautista, III, dated June
                            1, 2000 (incorporated by reference to Exhibit 10.15 of
                            the Company's Annual Report on Form 10-K for the Year
                            Ended December 31, 2000) **
         11.1            -- Computation of Per Share Earnings*
         21.1            -- List of Subsidiaries of the Company (incorporated by
                            reference to Exhibit 21.1 of the Company's Annual Report
                            on Form 10-K for the Year Ended December 31, 2000)
         23.1            -- Consent of Arthur Andersen LLP (incorporated by reference
                            to Exhibit 23.1 of the Company's Annual Report on Form
                            10-K for the Year Ended December 31, 2000)
</Table>

---------------

 * Filed herewith

** Management contracts or compensatory plans or arrangements

b. Reports on Form 8-K

     Form 8-K filed on June 15, 2001 (date of reported event May 31, 2001)
reporting the acquisition of Coil Tubing Services, L.L.C.

                                        15
<PAGE>   18

                                   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, thereunto duly authorized.

                                            W-H ENERGY SERVICES, INC.

Date: August 13, 2001
                                            By:    /s/ JEFFREY L. TEPERA
                                              ----------------------------------
                                                      Jeffrey L. Tepera
                                                Vice President, Secretary and
                                                   Chief Financial Officer
                                                (Principal Financial Officer)

Date: August 13, 2001
                                            By:  /s/ ERNESTO BAUTISTA, III
                                              ----------------------------------
                                                    Ernesto Bautista, III
                                                      Vice President and
                                                     Corporate Controller
                                                (Principal Accounting Officer)

                                        16
<PAGE>   19

                                 EXHIBIT INDEX

<Table>
<Caption>
        EXHIBIT
         NUMBER                                  DESCRIPTION
        -------                                  -----------
<C>                      <S>
          1.1            -- Underwriting Agreement dated June 22, 2001 among the
                            Company, the Underwriters and the Selling Shareholders
                            set forth therein.*
          3.1            -- Restated Articles of Incorporation of the Company
                            (incorporated by reference to Exhibit 3.1 of the
                            Company's Registration Statement No. 333-43411 on Form
                            S-1)
          3.2            -- Amended and Restated Bylaws of the Company (incorporated
                            by reference to Exhibit 3.2 of the Company's Registration
                            Statement No. 333-43411 on Form S-1)
          4.1            -- Specimen Common Stock Certificate (incorporated by
                            reference to Exhibit 4.1 of the Company's Registration
                            Statement No. 333-43411 on Form S-1)
          9.1            -- Amended and Restated Stockholders Agreement, dated March
                            26, 1999 (incorporated by reference to Exhibit 9.1 of the
                            Company's Registration Statement No. 333-43411 on Form
                            S-1)
         10.1(a)         -- Amendment No. 1 to Amended and Restated Employment
                            Agreement of Kenneth T. White, Jr., dated January 24,
                            2001 (incorporated by reference to Exhibit 10.1(a) of the
                            Company's Annual Report on Form 10-K for the Year Ended
                            December 31, 2000)**
         10.1(b)         -- Amended and Restated Employment Agreement of Kenneth T.
                            White, Jr., dated March 27, 1999 (incorporated by
                            reference to Exhibit 10.1 of the Company's Registration
                            Statement No. 333-43411 on Form S-1)**
         10.2            -- Employment Agreement of Jeffery L. Tepera, dated May 1,
                            2000, as amended (incorporated by reference to Exhibit
                            10.2 of the Company's Registration Statement No.
                            333-43411 on Form S-1)**
         10.3            -- Employment Agreement of William J. Thomas III, dated May
                            1, 2000 (incorporated by reference to Exhibit 10.3 of the
                            Company's Registration Statement No. 333-43411 on Form
                            S-1)**
         10.4            -- W-H Energy Services, Inc. 1997 Stock Option Plan
                            (incorporated by reference to Exhibit 10.4 of the
                            Company's Registration Statement No. 333-43411 on Form
                            S-1)**
         10.5            -- Warrant Agreement for Kenneth T. White, Jr. (incorporated
                            by reference to Exhibit 10.6 of the Company's
                            Registration Statement No. 333-43411 on Form S-1)
         10.6            -- Non-Statutory Stock Option Agreement, dated March 29,
                            1999 (incorporated by reference to Exhibit 10.5 of the
                            Company's Registration Statement No. 333-43411 on Form
                            S-1.)**
         10.7            -- Warrant Agreement of William J. Thomas III (incorporated
                            by reference to Exhibit 10.7 of the Company's
                            Registration Statement No. 333-43411 on Form S-1)
         10.8            -- Form of Indemnification Agreement (incorporated by
                            reference to Exhibit 10.8 of the Company's Registration
                            Statement No. 333-43411 on Form S-1)**
         10.9            -- Agreement and Plan of Recapitalization among W-H
                            Investment, L.P. and W-H Holdings, Inc. and the
                            stockholders identified therein, dated August 11, 1997
                            (incorporated by reference to Exhibit 10.9 of the
                            Company's Registration Statement No. 333-43411 on Form
                            S-1)
         10.10           -- Amended and Restated TJC Transaction Advisory Agreement
                            With TJC Management Corp., dated March 26, 1999
                            (incorporated by reference to Exhibit 10.11 of the
                            Company's Registration Statement No. 333-43411 on Form
                            S-1)
</Table>
<PAGE>   20

<Table>
<Caption>
        EXHIBIT
         NUMBER                                  DESCRIPTION
        -------                                  -----------
<C>                      <S>
         10.11           -- Purchase and Sale Agreement by and between W-H Energy
                            Services, Inc. and Halliburton Energy Services, Inc., a
                            Halliburton Company, dated January 22, 1999, as amended
                            (incorporated by reference to Exhibit 10.12 of the
                            Company's Registration Statement No. 333-43411 on Form
                            S-1)
         10.12           -- Agri-Empresa Stock Purchase Agreement, dated July 27,
                            1998 (incorporated by reference to Exhibit 10.13 of the
                            Company's Registration Statement No. 333-43411 on Form
                            S-1)
         10.14           -- Amended and Restated Credit Agreement dated as of May 31,
                            2001 among W-H Energy Services, Inc., the Financial
                            Institutions named, therein as lenders, Credit Suisse
                            First Boston, as Syndication Agent, and Wells Fargo Bank
                            Texas, N.A., as Administrative Agent (incorporated by
                            reference to Exhibit 10.12 of the Company's Registration
                            Statement No. 333-62140 on Form S-1)
         10.15           -- Employment Agreement of Ernesto Bautista, III, dated June
                            1, 2000 (incorporated by reference to Exhibit 10.15 of
                            the Company's Annual Report on Form 10-K for the Year
                            Ended December 31, 2000) **
         11.1            -- Computation of Per Share Earnings*
         21.1            -- List of Subsidiaries of the Company (incorporated by
                            reference to Exhibit 21.1 of the Company's Annual Report
                            on Form 10-K for the Year Ended December 31, 2000)
         23.1            -- Consent of Arthur Andersen LLP (incorporated by reference
                            to Exhibit 23.1 of the Company's Annual Report on Form
                            10-K for the Year Ended December 31, 2000)
</Table>

---------------

 * Filed herewith

** Management contracts or compensatory plans or arrangements