x           ANNUALREPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF1934

o           TRANSITIONREPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934

| NevadaState      or other jurisdiction ofincorporation      or organization)                | 26-2590455(I.R.S.      EmployerIdentification      No.) |
|---------------------------------------------------------------------------------------------|---------------------------------------------------------|
|                                                                                        |                                                    |
| 660      LaBauve DriveWestwego,      Louisiana(Address      of principal executive offices) | 70094(Zip      Code)                                    |
|                                                                                        |
| (504)      340-3000(Issuer’s      telephone number, including area code)         |

No 

No

No

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| Large      accelerated filer  o                                                        | Accelerated      filer  o               |
|--------------------------------------------------------------------------------------------------|---------------------------------------------------|
| Non-accelerated      filer   o (do      not check if a smaller reporting company) | Smaller      reporting company  x  |

No 

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| ExhibitNumber |   | Description                                                                                                                                                                                                                                                               |
|---------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1           |   | Articles      of Incorporation (incorporated by reference to the Company's Registration      Statement on Form S-8 filed with the Commission on July 10,      2008)                                                                                                       |
| 3.2           |   | Bylaws      (incorporated herein by reference to the Company's Registration Statement      on Form SB-2 filed with the Commission on June 7, 2004)                                                                                                                        |
| 4.1           |   | Specimen      Common Stock Certificate (incorporated by reference to Exhibit 4.1 of the      Company’s Registration Statement on Form SB-2 filed June 7,      2004)                                                                                                 |
| 4.2*          |   | Blackwater      Midstream Corp. 2008 Incentive Plan, as amended (incorporated by reference      to Exhibit B of the Company’s definitive Proxy Statement on Schedule 14A      filed on April 3, 2009)                                                               |
| 4.3*          |   | Form      of Award Agreement for Incentive Stock Options (incorporated by reference      to Exhibit B of the Company’s definitive Proxy Statement on Schedule 14A      filed on April 3, 2009)                                                                      |
| 4.4*          |   | Form      of Award Agreement for Nonstatutory Stock Options (incorporated by      reference to Exhibit B of the Company’s definitive Proxy Statement on      Schedule 14A filed on April 3, 2009)                                                                   |
| 4.5*          |   | Form      of Award agreement for Stock (incorporated by reference to Exhibit B of      the Company’s definitive Proxy Statement on Schedule 14A filed on April 3,      2009)                                                                                        |
| 10.1*         |   | Services      Agreement with Christopher Wilson dated May 5, 2008 (incorporated by      reference to the Company's Current Report on Form 8-K filed May 6,      2008)                                                                                                     |
| 10.2*         |   | Employment      Agreement with Michael Suder, dated May 7, 2008 (incorporated by reference      to the Company's Current Report on Form 8-K filed May 9,    2008)                                                                                                         |
| 10.3*         |   | Employment      Agreement with Dale T. Chatagnier, dated May 14, 2008 (incorporated by      reference to the Company's Current Report on Form 8-K filed May 16,      2008)                                                                                                |
| 10.4          |   | Placement      agent's agreement with Falcon International Consulting Limited, dated May      28, 2008 (incorporated by reference to Exhibit 10.4 of the Company’s      Quarterly Report on Form 10-Q filed August 19, 2008)                                        |
| 10.5          |   | Membership      Interest Purchase Agreement with Safeland Storage, LLC (incorporated by      reference to Exhibit 10.6 of the Company's Annual Report on Form 10-KSB      filed July 15, 2008)                                                                            |
| 10.6          |   | Purchase      and Sale Agreement between Safeland Storage LLC, Future Energy Investments      and Blackwater Midstream Corp., dated June 25, 2008 (incorporated by      reference to Exhibit 10.7 of the Company's Annual Report on Form 10-KSB      filed July 15, 2008) |
| 10.7          |   | $2,500,000      Term Loan with JP Morgan Chase Bank, N.A. dated December 23, 2008      (incorporated by reference to Exhibit 10.1 to Current Report on Form 8-K      filed December 31, 2008).                                                                            |
| 10.8          |   | Credit      Agreement with JP Morgan Chase Bank, N.A. dated December 23, 2008      (incorporated by reference to Exhibit 10.2 to Current Report on Form 8-K      fled December 31, 2008)                                                                                  |

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| 10.9   |   | Collateral      Mortgage in favor of JP Morgan Chase Bank, N.A. dated December 23, 2008      (incorporated by reference to Exhibit 10.3 to Current Report on Form 8-K      filed December 31, 2008)                                                                                           |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.10  |   | Assignment      of Deposit Account to JP Morgan Chase Bank, N.A. dated December 23, 2008      (incorporated by reference to Exhibit 10.4 to Current Report on Form 8-K      filed December 31, 2008)                                                                                          |
| 10.11  |   | Asset      Purchase Agreement by and between the Company and NuStar Terminals      Operations Partnership L.P. dated September 25, 2008, as amended      (incorporated by reference to the Company’s Current Reports on Form 8-K      filed on September 30, 2008 and November 4, 2008) |
| 10.12  |   | Loan      agreement with Ter Mast Beheer Utrecht B.V. (incorporated herein by      reference to the Company’s Current Report on Form 8-K filed with the      Commission on January 26, 2009)                                                                                            |
| 10.13  |   | Security      agreement with Ter Mast Beheer Utrecht B.V. (incorporated herein by      reference to the Company’s Current Report on Form 8-K filed with the      Commission on January 26, 2009)                                                                                        |
| 10.14  |   | Loan      agreement with No Logo Air, Inc. (incorporated herein by reference to the      Company’s Current Report on Form 8-K filed with the Commission on January      26, 2009)                                                                                                       |
| 10.15  |   | Security      agreement with No Logo Air, Inc.(incorporated herein by reference to the      Company’s Current Report on Form 8-K filed with the Commission on January      26, 2009)                                                                                                    |
| 10.16  |   | Loan      agreement with Isaac Suder (incorporated herein by reference to the      Company’s Current Report on Form 8-K filed with the Commission on January      26, 2009)                                                                                                             |
| 10.17  |   | Security      agreement with Isaac Suder (incorporated herein by reference to the      Company’s Current Report on Form 8-K filed with the Commission on January      26, 2009)                                                                                                         |
| 10.18  |   | Intercreditor      agreement amongst Ter Mast Beheer Utrecht B.V, No Logo Air, Inc. and Isaac      Suder (incorporated herein by reference to the Company’s Current Report on      Form 8-K filed with the Commission on January 26, 2009)                                              |
| 10.19  |   | Form      of Subscription Agreement for December 2008 Offering (incorporated herein      by reference to the Current Report on Form 8-K filed with the Commission      on February 3, 2009)                                                                                                   |
| 10.20  |   | Form      of Subscription Agreement for August 2008 Offering (incorporated by      reference to Exhibit 4.1 to Quarterly Report on Form 10-Q filed August 19,      2008)                                                                                                                      |
| 21.1   |   | Subsidiaries      of the Registrant (incorporated      by reference to Exhibit 21.1 to the Annual Report on Form 10-K filed with      the Commission on June 30, 2009)                                                                                                                        |
| 23.1   |   | Consent      of Malone & Bailey, PC independent registered public accounting firm      (incorporated      by reference to Exhibit 23.1 to the Annual Report on Form 10-K filed      with the Commission on June 30, 2009)                                                            |
| 23.2   |   | Report      of STS Partners LLP, independent registered public accounting      firm                                                                                                                                                                                                           |
| 31.1   |   | Certification      of Principal Executive Officer pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002                                                                                                                                                                              |
| 31.2   |   | Certification      of Principal Financial Officer pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002                                                                                                                                                                              |
| 32.1   |   | Certification      of Principal Executive Officer pursuant to Section 906 of the      Sarbanes-Oxley Act of 2002                                                                                                                                                                              |
| 32.2   |   | Certification      of Principal Financial Officer pursuant to Section 906 of the      Sarbanes-Oxley Act of 2002                                                                                                                                                                              |
|   |   | *      Management Contract or Compensatory Plan or  Arrangement                                                                                                                                                                                                                               |

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|   | By:      /S/ MICHAEL D.      SUDER                                               Michael      D. SuderChief      Executive Officer |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Name                            | Title                                     | Date              |
|---------------------------------|-------------------------------------------|-------------------|
|                            |                                      |              |
| /S/      MICHAEL D. SUDER       | Chief      Executive Officer and Director | July      2, 2009 |
| Michael      D. Suder           |                                      |              |
|                            |                                      |              |
| /S/      DONALD ST.PIERRE       | Chief      Financial Officer              | July      2, 2009 |
| Donald      St.Pierre           |                                      |              |
|                            |                                      |              |
| _______________________         | Director                                  |              |
| Herbert      N. Whitney         |                                      |              |
|                            |                                      |              |
| /S/      MATHIJS VAN HOUWENINGE | Director                                  | July      2, 2009 |
| Mathijs      van Houweninge     |                                      |              |
|                            |                                      |              |
| /S/      CHRISTOPHER A. WILSON  | Director                                  | July      2, 2009 |
| Christopher      A. Wilson      |                                      |              |

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