Document:

EXHIBIT 10.37.9

                      SECOND AMENDMENT TO CREDIT AGREEMENT
                      ------------------------------------

         THIS SECOND AMENDMENT TO CREDIT AGREEMENT ("Amendment") is entered into
as of June 10, 2002, by and among BLACK WARRIOR WIRELINE CORP., a Delaware
corporation ("Borrower"), the other Credit Parties signatory hereto, GENERAL
ELECTRIC CAPITAL CORPORATION, a Delaware corporation ("GE Capital"), for itself,
as Lender, and as Agent for Lenders (in such capacity, the "Agent").

                                    RECITALS
                                    --------

         A. Borrower, the other Credit Parties signatory thereto, GE Capital,
the other Lenders signatory thereto from time to time and the Agent are parties
to a certain Credit Agreement dated as of September 14, 2001, as amended by that
certain First Amendment to Credit Agreement, dated as of January 26, 2002 (the
"Credit Agreement;" capitalized terms used herein and not defined herein have
the meanings assigned to them in the Credit Agreement).

         B. Borrower has requested that the Lenders amend the Credit Agreement
in certain respects and waive certain Events of Default that have occurred and
are continuing thereunder, and the Lenders have agreed to amend the Credit
Agreement and waive such Events of Default, subject to the terms and conditions
hereof.

         NOW, THEREFORE, in consideration of the premises and the mutual
covenants hereinafter contained, and intending to be legally bound, the parties
hereto agree as follows:

                                  A. AMENDMENTS
                                  -------------

         1. Amendment to Section 1.1(c)(i). The Credit Agreement is hereby
amended by adding the following new sentence to the end of Section 1.1(c)(i):

            Notwithstanding anything to the contrary set forth in this
         Agreement, the Lenders shall not be obligated to make, and the Borrower
         shall not request, more than one CapEx Advance in any Fiscal Month.

         2. Amendment to Section 1.3. The Credit Agreement is hereby further
amended by renumbering subsections 1.3(b)(ii), (iii), (iv), (v) and (vi) to
1.3(b)(iii), (iv), (v), (vi) and (vii), respectively, and adding the following
new subsection 1.3(b)(ii).

            (ii) If at any time the aggregate outstanding Term Loan and CapEx
         Loan exceed 50% of the Forced Liquidation Value of the Eligible CapEx
         Equipment and Eligible Term Equipment, the Borrower shall immediately
         repay the aggregate outstanding Term Loan and CapEx Loan, pro rata, to
         the extent required to eliminate such excess.

<PAGE>

         3. Amendment to Section 1.5 of the Credit Agreement. The Credit
Agreement is hereby further amended by adding the following Paragraph (g) to
Section 1.5 of the Credit Agreement:

            (g) Notwithstanding anything to the contrary set forth in this
         Section 1.5 or elsewhere in this Agreement, Borrower shall not be
         permitted to borrow, reborrow, continue or convert any Loans as or into
         LIBOR Loans until the earlier of (i) March 31, 2003 and (ii) such time
         after March 31, 2003 when the Borrower and its Subsidiaries shall have
         complied with the Financial Covenants set forth in Section 6.10 and
         Annex F. As of the Second Amendment Date, all outstanding LIBOR Loans
         shall be converted to Index Rate Loans.

         4. Amendment to Section 6.3 of the Credit Agreement. The Credit
Agreement is hereby further amended by deleting Section 6.3(a) of the Credit
Agreement and by substituting in lieu thereof the following:

              (a) No Credit Party shall create, incur, assume or permit to exist
         any Indebtedness, except (without duplication) (i) Indebtedness secured
         by purchase money security interests and Capital Leases permitted in
         Section 6.7(c), (ii) the Loans and the other Obligations, (iii)
         unfunded pension fund and other employee benefit plan obligations and
         liabilities to the extent they are permitted to remain unfunded under
         applicable law, (iv) existing Indebtedness described in Disclosure
         Schedule (6.3) and refinancings thereof or amendments or modifications
         thereto that do not have the effect of increasing the principal amount
         thereof or changing the amortization thereof (other than to extend the
         same) and that are otherwise on terms and conditions no less favorable
         to any Credit Party, Agent or any Lender, as determined by Agent, than
         the terms of the Indebtedness being refinanced, amended or modified,
         (v) Permitted Insurance Premium Indebtedness in an aggregate amount not
         to exceed $2,000,000 at any one time outstanding and (vi) Indebtedness
         specifically permitted under Section 6.17;

         5.  Amendments to Annex A.

         (A) The Credit Agreement is hereby further amended by adding the
following definitions to Annex A of the Credit Agreement in their appropriate
alphabetical order:

             "Cumulative Operating Cash Flow" shall mean for any Fiscal Month,
         the sum of (i) EBITDA for such Fiscal Month minus Capital Expenditures
         paid in cash for such Fiscal Month, plus (ii) EBITDA for each preceding
         Fiscal Month commencing with the Fiscal Month ending on May 31, 2002
         minus Capital Expenditures paid in cash for each preceding Fiscal Month
         commencing with the Fiscal Month ending on May 31, 2002.

             "Permitted Insurance Premium Indebtedness" shall mean Indebtedness
         of the Borrower incurred to finance insurance premiums of the Borrower
         in the ordinary course of business.

                                       2
<PAGE>

             "Second Amendment Date" shall mean June 10, 2002.

         (B) The Credit Agreement is hereby further amended by deleting the
definitions of "CapEx Borrowing Base", "Fixed Charges", "Interest Expense" and
"Senior Funded Debt" in Annex A of the Credit Agreement and by substituting in
lieu thereof the following definitions:

             "CapEx Borrowing Base" means, as of any date of determination by
         Agent, from time to time, an amount equal to the lesser of (i) up to
         70% of the arms-length "hard" costs (excluding taxes, transportation,
         installation, licensing and other "soft" costs) of all Eligible CapEx
         Equipment, (ii) up to 100% of the Forced Liquidation Value of all
         Eligible CapEx Equipment and (iii) EBITDA of the Borrower and its
         Subsidiaries on a consolidated basis for the Fiscal Month then ended
         minus (x) the aggregate amount of all Interest Expense paid in cash
         during such period, plus (y) scheduled payments of principal with
         respect to Indebtedness during such period, plus (z) $250,000, for
         maintenance Capital Expenditures; provided, however, that if the actual
         amount of cash CapEx Advances made by the Borrower during any Fiscal
         Month (the "Current CapEx") is less than the respective limit specified
         for such Fiscal Month in (i) and (ii) above (the "Specified CapEx"),
         then the applicable limit for the immediately following Fiscal Month
         shall be increased by an amount equal to the difference between the
         Current CapEx and the Specified CapEx. For purposes of this Definition,
         Capital Expenditures made by the Borrower in Fiscal Month shall be
         deemed to be made first with Specified CapEx for such Fiscal Month,
         then, from the Carryover Amount, if any. The Agent retains the right
         from time to time to adjust the advance rates for the CapEx Borrowing
         Base in its sole discretion.

             "Fixed Charges" means, with respect to any Person for any fiscal
         period, (a) the aggregate of all Interest Expense paid in cash during
         such period, plus (b) scheduled payments of principal with respect to
         Indebtedness (other than Permitted Insurance Premium Indebtedness to
         the extent that such payments are characterized as operating expenses
         of the Borrower) during such period, plus (c) Capital Expenditures paid
         in cash during such period, plus (d) income taxes paid in cash during
         such period.

             "Interest Expense" means, with respect to any Person for any fiscal
         period, interest expense of such Person paid in cash determined in
         accordance with GAAP for the relevant period ended on such date,
         including, interest expense with respect to any Funded Debt of such
         Person but excluding interest expense with respect to any Permitted
         Insurance Premium Indebtedness of such Person.

             "Senior Funded Debt" means Funded Debt excluding all Indebtedness
         of Borrower incurred under (i) the Subordinated Notes and (ii) Section
         6.3(a)(v).

         6.  Amendments to Annex F.

         (A) The Credit Agreement is hereby further amended by deleting
Paragraphs (b) through (d) in Annex F of the Credit Agreement and by
substituting in lieu thereof the following:

                                       3
<PAGE>

             (b) Minimum Fixed Charge Coverage Ratio. Borrower and its
         Subsidiaries shall have on a consolidated basis at the end of each
         Fiscal Quarter, commencing with the Fiscal Quarter ending March 31,
         2003 and continuing thereafter, a Fixed Charge Coverage Ratio for the
         12-month period then ended of not less than 1.3:1.0.

             (c) Minimum Interest Coverage Ratio. Borrower and its Subsidiaries
         on a consolidated basis shall have at the end of each Fiscal Quarter,
         commencing with the Fiscal Quarter ending March 31, 2003 and continuing
         thereafter, an Interest Coverage Ratio for the 12-month period then
         ended of not less 3.0:1.0.

             (d) Senior Leverage Ratio. Commencing with the Fiscal Quarter
         ending March 31, 2003 and continuing thereafter, Borrower and its
         Subsidiaries on a consolidated basis shall maintain a ratio of (i)
         Senior Funded Debt measured as of the last day of each Fiscal Quarter
         to (ii) EBITDA minus Capital Expenditures paid in cash, in each case
         for the four Fiscal Quarters then ended, of not more than to 2.0:1.0.

         (B) The Credit Agreement is hereby further amended by adding the
following Paragraph (f) to Annex F of the Credit Agreement:

             (f) Maintain, as of the last day of each Fiscal Month, commencing
         with the Fiscal Month ending on May 31, 2002, Cumulative Operating Cash
         Flow of not less than:

             Fiscal Month                         Cumulative Operating Cash Flow
             ------------                         ------------------------------
             May 31, 2002                         $  (725,000)
             June 30, 2002                        $  (575,000)
             July 31, 2002                        $  (275,000)
             August 31, 2002                      $   225,000
             September 30, 2002                   $   975,000
             October 31, 2002                     $ 1,875,000
             November 30, 2002                    $ 2,975,000
             December 31, 2002                    $ 4,325,000
             January 31, 2003                     $ 5,400,000
             February 28, 2003                    $ 6,600,000

                                   B. WAIVERS
                                   ----------

         1. Borrower acknowledges that as of the date hereof, Borrower has
failed to comply with Minimum Fixed Charge Coverage Ratio and Minimum Interest
Coverage Ratio for the Fiscal Quarters ending December 31, 2001 and March 31,
2002, and Senior Leverage Ratio for the Fiscal Quarter ending March 31, 2002 and
as a result of such failure to comply, Events of Default have arisen under
Section 8.1(b) of the Credit Agreement. Further, Borrower acknowledges that as
of the date hereof, if calculated pursuant to Generally Accepted Accounting
Principals, rather than calculated pursuant to the definitions and other
provisions of the Credit Agreement, Borrower has failed to comply with Senior
Leverage Ratio for the Fiscal

                                       4
<PAGE>

Quarter ending December 31, 2001, and as a result of such failure to comply,
Events of Default would have arisen under Section 8.1(b) of the Credit
Agreement, if so calculated. Lenders hereby waive the Events of Default
described in this Section B(1).

         2. Borrower acknowledges that as of the date hereof, an Event of
Default has occurred and is continuing as a result of the failure of the
Borrower to deliver December 31, 2001 audited Financial Statements as required
under Section 4.1 and Annex D of the Credit Agreement. Lender hereby waives the
Event of Default described in this Section B(2).

         3. Borrower acknowledges that as of the date hereof, an Event of
Default has occurred and is continuing as a result of the Borrower selling
certain assets as set forth in Exhibit A attached hereto in violation of Section
6.8 of the Credit Agreement. Lender hereby waives the Event of Default described
in this Section B(3).

         4. The waivers contained in this Section B are limited solely to the
matters stated above and shall not be deemed to waive or amend any other
provision of the Credit Agreement and shall not serve as a waiver or amendment
of any other matter prohibited by the terms and conditions of the Credit
Agreement. As amended hereby, all terms of the Credit Agreement shall remain in
full force and effect and constitute the legal, valid, binding and enforceable
obligations of the Borrower to the Lenders.

                               C. REPRESENTATIONS
                               ------------------

         Each Credit Party hereby represents and warrants to the Lenders and the
Agent that:

         1. The execution, delivery and performance by such Credit Party of this
Amendment (a) are within such Credit Party's corporate power; (b) have been duly
authorized by all necessary corporate and shareholder action; (c) are not in
contravention of any provision of such Credit Party's certificate of
incorporation or bylaws or other organizational documents; (d) do not violate
any law or regulation, or any order or decree of any Governmental Authority; (e)
do not conflict with or result in the breach or termination of, constitute a
default under or accelerate any performance required by, any indenture,
mortgage, deed of trust, lease, agreement or other instrument to which such
Credit Party or any of its Subsidiaries is a party or by which such Credit Party
or any such Subsidiary or any of their respective property is bound; (f) do not
result in the creation or imposition of any Lien upon any of the property of
such Credit Party or any of its Subsidiaries; and (g) do not require the consent
or approval of any Governmental Authority or any other person;

         2. This Amendment has been duly executed and delivered for the benefit
of or on behalf of each Credit Party and constitutes a legal, valid and binding
obligation of each Credit Party, enforceable against such Credit Party in
accordance with its terms except as the enforceability hereof may be limited by
bankruptcy, insolvency, reorganization, moratorium and other laws affecting
creditors' rights and remedies in general; and

         3. After giving effect to this Amendment, no Default or Event of
Default has occurred and is continuing as of the date hereof.

                                       5
<PAGE>

                               D. CAPEX ADVANCES.
                               ------------------

         Notwithstanding anything in the Credit Agreement to the contrary, the
Borrower shall be permitted to make, and the Lenders shall advance, a CapEx
Advance in an amount equal to $732,530 on the Second Amendment Date; provided,
that the Forced Liquidation Value, as determined by the appraisal currently
being conducted by Superior, is no less than $40,000,000; and provided, further,
that such CapEx Advance and the Capital Expenditures acquired with the proceeds
of such CapEx Advance shall be excluded from the calculations of the Financial
Covenants.

                            E. POST-CLOSING COVENANTS
                            -------------------------

          Borrower hereby agrees to deliver to the Agent the Borrower's audited
Financial Statements for the Fiscal Year ending December 31, 2001 no later than
June 17, 2002. Failure to deliver such Financial Statements by June 17, 2002
shall constitute an Event of Default under Section 8.1 of the Credit Agreement.

                                     F. FEES
                                     -------

         Borrower hereby agrees to pay an amendment fee equal to $100,000 with
fifty percent ($50,000) payable upon execution of this Amendment and the balance
due December 31, 2002. Failure to pay the balance of such amendment fee by
December 31, 2002 shall constitute an Event of Default under Section 8.1 of the
Credit Agreement.

                               G. OTHER AGREEMENTS
                               -------------------

         1. Continuing Effectiveness of Loan Documents. As amended hereby, all
terms of the Credit Agreement and the other Loan Documents shall be and remain
in full force and effect and shall constitute the legal, valid, binding and
enforceable obligations of Borrower. To the extent any terms and conditions in
any of the other Loan Documents shall contradict or be in conflict with any
terms or conditions of the Credit Agreement, after giving effect to this
Amendment, such terms and conditions are hereby deemed modified and amended
accordingly to reflect the terms and conditions of the Credit Agreement as
modified and amended hereby. Upon the effectiveness of this Amendment such terms
and conditions are hereby deemed modified and amended accordingly to reflect the
terms and conditions of the Credit Agreement as modified and amended hereby.

         2. Reaffirmation. Borrower hereby restates, ratifies and reaffirms each
and every term and condition set forth in the Credit Agreement and the other
Loan Documents, effective as of the date hereof and after giving effect to this
Amendment, and represents that, after giving effect to this Amendment and the
waivers contained herein, no Default or Event of Default has occurred and is
continuing as of the date hereof.

         3. Expenses. Borrower agrees to pay on demand all costs and expenses of
Agent in connection with the preparation, execution, delivery and enforcement of
this Amendment, the closing hereof, and any other transactions contemplated
hereby, including the fees and out-of-pocket expenses of Agent's counsel.

                                       6

<PAGE>

       1. GOVERNING LAW. IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION,
VALIDITY AND PERFORMANCE, THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND
ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK
APPLICABLE TO CONTRACTS MADE AND PERFORMED IN THAT STATE AND ANY APPLICABLE LAWS
OF THE UNITED STATES OF AMERICA.

                                       7
<PAGE>

              SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT
         IN WITNESS WHEREOF, this Amendment has been duly executed as of the
date first written above.

                                            BLACK WARRIOR WIRELINE
                                            CORPORATION, as Borrower

                                            By:_________________________________
                                            Name:    William L. Jenkins
                                            Title:   Chief Executive Officer

                                            GENERAL ELECTRIC CAPITAL
                                            CORPORATION, as Agent and Lender

                                            By:_________________________________
                                                  John Hanley
                                                  Duly Authorized Signatory

            [SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]
<PAGE>

                                    EXHIBIT A
                                    ---------

            Asset                            Date Sold               Value
            -----                            ---------               -----

1.   Drilling & Completion                   Jul-01                  $525,000
2.   1997 Ford Crown Victoria                Dec-01                  $  2,250
3.   Wyoming Land                            Oct-01                  $103,315EXHIBIT 10.38

                              AMENDED AND RESTATED
                              EMPLOYMENT AGREEMENT

                                 By and Between
                          Black Warrior Wireline Corp.
                                       and
                               William L. Jenkins

         Agreement executed on the dates set forth below, but made effective the
1st day of January, 2002, by and between Black Warrior Wireline Corp., a
Delaware corporation (the "Company"), and William L. Jenkins (the "Executive").

         The Company has recently negotiated a new credit facility with General
Electric Capital Corporation (the "GE Capital Loan"), one requirement of which
is the extension of the Executive's contract. The Employer enters this Amendment
because it wishes to comply with the requirements of the GE Capital Loan, and
also because it is desires to continue the employment of the Executive as its
President and Chief Executive Officer. Executive enters this Amendment because
he is desires to continue in the employment of the Employer in those capacities,
to comply with the requirements of the GE Capital Loan, and because he wishes to
confirm certain commitments made by the Employer.

         Accordingly, in consideration of the promises and the respective
covenants and agreements of the parties herein contained, and intending to be
legally bound hereby, the parties hereto agree as follows:

         1.       EMPLOYMENT
                  ----------

                  The Company hereby agrees to employ the Executive, and the
Executive hereby agrees to serve the Company, on the terms and conditions set
forth herein.

         2.       TERM
                  ----

                  The term of employment (the "Term") of the Executive by the
Company as provided in Section 1 will commence on the date hereof and end three
years thereafter, subject to early termination at the option of the Employee in
the event of any of the following events:

                  a. Upon "Change of Control" of the Company, which for purposes
of this Agreement shall mean any of the following: (i) any person or group of
persons (within the meaning of the Securities Exchange Act of 1934,) shall have
acquired, after the Closing Date, beneficial ownership (within the meaning of
Rule 13d-3 promulgated by the Securities and Exchange Commission under the
Securities Exchange Act of 1934,) of 20% or more of the issued and outstanding
shares of capital stock of Company having the right to vote for the election of
Directors of Company under ordinary circumstances; (ii) more than 25% of the
assets of the Company are sold in a transaction or series of related
transactions; (iii) the Company shall merge with any other person or firm; (iv)
during any period of twelve consecutive calendar months, individuals who at the
beginning of such period constituted the Board of Directors of Company (together
with any new directors whose election by the Board of Directors of Company or
whose nomination for election by the Stockholders of Company was approved by a
vote of at least two-thirds of the Directors then still in office who either
were Directors at the beginning of such period or whose election or nomination
for election was previously so approved cease) for any reason other than death
or disability to constitute a majority of the Directors then in office; or (v)
St. James Capital Corp. ceases to be the general partner, managing partner or
otherwise ceases to be in control of St. James Capital Partners, LP or SJMB, LP.

                  b. Should the  Executive  not be re-elected to the Board of
Directors of the Company at any shareholders' meeting, or should the Executive
be required to resign pursuant to the Bylaws of the Company.

<PAGE>
WILLIAM L. JENKINS
EMPLOYMENT AGREEMENT       PAGE 2

         3.       POSITION AND DUTIES
                  -------------------

                  The Executive shall serve as President, Chief Executive
Officer, and a Director of the Company, and shall have such responsibilities and
authority consistent with those positions as may, from time to time, be assigned
to the Executive by the Board of Directors of the Company. The Executive shall
devote substantially all his working time and efforts to the business and
affairs of the Company.

         4.       PLACE OF PERFORMANCE
                  --------------------

                  Executive shall be based at the principal executive office of
the Company, which is located in Columbus, Mississippi.

         5.       COMPENSATION AND RELATED MATTERS
                  --------------------------------

                  a. Salary. During the period of the Executive's employment
hereunder, the Company shall pay to the Executive a base salary at a rate of not
less that $350,000 per annum in equal monthly or other installments.

                  b. Quarterly Bonus. Should the Company achieve, during any
calendar quarter beginning with first quarter of 2002 (January 1 through March
31, 2002), a 20% EBITDA margin, defined as the ratio of EBITDA to total sales,
the Executive shall be paid a bonus of 1% of the Company's EBITDA during such
quarter, adjusted for the unallocated corporate expenses. Such bonus shall be
payable within ten (10) days after filing of the Company's form 10-Q for the
quarter.

                  c. Retention Plan. As an incentive to retain Executive during
the Term, Company shall loan to Executive the amount of One Hundred Ninety
Thousand Dollars ($190,000). Such loan will bear interest in amount equal to the
applicable federal rate. The installments of one- third of the principal, plus
accrued interest shall be due on the first day of October 2002, 2003 and 2004.

                     However, if Executive is employed by the Company on the
last day of September of each year during the repayment period, an amount equal
to that sum which shall be due by Executive on the following day shall be
forgiven by the Company and the Executive shall not be obligated to pay such
amount. Such amount forgiven shall include the interest and principal due at
such time.

                     If there shall be a Change of Control of the Company, or in
the event of the death or permanent disability of the Executive which prevents
the Executive from performing his duties hereunder, or in the event Executive is
terminated without cause as hereinafter defined, the entire outstanding amount
due by Executive to the Company hereunder shall be forgiven and Executive shall
no longer be responsible for any amount due under this Section 5.c.

                     If Executive shall not be employed by Company on the date
in which an amount from said loan is due, Executive shall be obligated to repay
only a pro rata portion of the principal and interest due for that year (based
on an employment year from October 1 through September 30) in which Executive
ceased being employed by Company (the "Termination Year"), plus the balance of
principal due for any remaining year or years due hereunder. The pro rata
portion for the Termination Year shall be arrived at by multiplying the total
amount of principal and interest due for such year by a fraction, the numerator
of which is the number of days in which Executive was not employed by Company
during the Termination Year, and the denominator of which is 365.

                  d. Expenses. The Company shall reimburse Executive for all
normal, usual and necessary expenses incurred by Executive in furtherance of the
business and affairs of the Company against receipt by the Company of
appropriate vouchers or other proof of the Executive's expenditures and
otherwise in accordance with such expense reimbursement policy as may, from time
to time, be adopted by the Board of Directors of the Company.

<PAGE>
WILLIAM L. JENKINS
EMPLOYMENT AGREEMENT       PAGE 3

                  e. Other Benefits. The Company shall maintain in full force
and effect, and the Executive shall be entitled to participate in, all of its
employee benefit plans and arrangements in effect on the date hereof or plans or
arrangements providing the Executive with at least equivalent benefits
thereunder (including, without limitation, each pension and retirement plan and
arrangement, supplemental pension and retirement plan and agreement, stock
option plan, life insurance and health and accident plan and arrangement,
medical insurance plan, disability plan, survivor income plan, relocation plan
and vacation plan). The Company shall not make any changes in such plans or
arrangements which would adversely affect the Executive's rights or benefits
thereunder, unless such change occurs pursuant to a program applicable to all
executives of the Company and does not result in a proportionately greater
reduction in the rights of or benefits to the Executive as compared with any
other executive of the Company. The Executive shall be entitled to participate
in or receive benefits under any employee benefit plan or arrangement made
available by the Company in the future to its executives and key management
employees, subject to and on a basis consistent with the terms, conditions and
overall administration of such plans and arrangements. Nothing paid to the
Executive under any plan or arrangement presently in effect or made available in
the future shall be deemed to be in lieu of the salary payable to the Executive
pursuant to paragraph (a) of this Section.

                  f. Vacation. The Executive shall be entitled to vacation in
accordance with the Company's existing policies. The Executive shall also be
entitled to all paid holidays given by the Company to its executives.

                  g. Services Furnished. The Company shall furnish the Executive
with office space, stenographic assistance and such other facilities and
services as shall be suitable to the Executive's position and adequate for the
performance of his duties as set forth in Section 3 hereof.

                  h. Options; Options and Share Purchase. By this and prior
agreements and actions, the Company has granted to the Executive the right and
option to purchase shares of the Company's common stock pursuant to various
incentive plans. The Directors may award additional options during the term of
this contract. In the event of the death of Executive during the term of this
Employment Agreement, Employer shall, subject to the approval of GE Capital if
same is required by the then-existing loan agreement between the Employer and GE
Capital, offer to purchase from the Executive's personal representative the
shares and options to purchase shares in Employer held by Executive at the time
of his death. The purchase price for such shares shall be the average of the mid
point between the bid and ask price for the Employer's shares during the twenty
(20) trading days immediately prior to the Executive's death. The purchase price
for such options shall be the average of the mid point between the bid and ask
price for the Employer's shares during the twenty (20) trading days immediately
prior to the Executive's death, less the strike or exercise price. The offer
shall be made within thirty (30) days of the date of death, and shall remain
open until the later of thirty (30) days following the date of the offer, or
thirty (30) days following the appointment of a personal representative.

                  i. Incentive to Maximize Value. To create an incentive for
Executive to maximize value to the holders of the Employer's common stock and
securities, the Company shall grant to Executive warrants to purchase two
million five hundred thousand (2,500,000) shares of the Company's common stock,
par value $.0005 per share. The exercise price (the "Exercise Price") of the
warrants shall be $.75 (seventy-five cents) per share, which Exercise Price is
not less than the fair market value per share of the Company's Common Stock on
the date hereof. The warrants shall be subject to such further terms as are
included in the warrant documentation.

                  j. Confirmation of Prior Incentive Plan. The Company does
hereby confirm and modify the commitment made by its Board of Directors on
December 21, 1999, at which time the Directors stated:

                           The Directors further note that the Company has
                  further committed to enter into an agreement with Mr. Jenkins
                  to pay him a bonus in the event of the sale of the company, or
                  a significant division thereof, equal to 1% of its gross sales
                  proceeds or the gross value of stock received in an all stock
                  transaction, subject to a cap of $500,000. This bonus is to be
                  due without regard to the form of

<PAGE>
WILLIAM L. JENKINS
EMPLOYMENT AGREEMENT       PAGE 4

                  the transaction, i.e., stock sale, asset sale, etc. The
                  following resolution is adopted by the votes of Mr. Underbrink
                  and Mr. Thompson, with Mr. Jenkins abstaining.

                           RESOLVED, that the bonus plan described in the
                           immediately preceding paragraph to Mr. Jenkins in the
                           event of the sale of the company is hereby approved.

                  The Company does hereby confirm that it has made payments to
the Executive as set forth in Section 2 of the minutes of the December 21, 1999,
Board of Directors' meeting, and that there are two remaining payments on said
obligation, payments of $25,000 each, one due October 1, 2001, and the final
payment due January 1, 2002.

         6.       OFFICES
                  -------

                  The Executive agrees to serve without additional compensation,
if elected or appointed thereto, as a Director of any of the Company's
subsidiaries and in one or more executive offices of any of the Company's
subsidiaries, provided that the Executive is indemnified for serving in any and
all such capacities on a basis no less favorable than is currently provided by
Article VII of the Company's Bylaws. Executive agrees that, upon termination of
his employment with the Company for any reason whatsoever, he will resign from
all positions as an Executive Officer and Director of the Company and all of its
subsidiaries.

         7.       CONFIDENTIAL INFORMATION
                  ------------------------

                  Executive covenants and agrees that he will not (except as
required in the course of his employment), while in the employment of the
Company or thereafter, communicate or divulge to, or use for the benefit of
himself, or any other person, firm, association or corporation, without the
consent of the Company, any information concerning any inventions, discoveries,
improvements, processes, formulas, apparatus, technology, expertise,
technological know-how, equipment, methods, trade secrets, research, secret
data, costs or uses or purchasers of the Company's products or services, or
other confidential matters possessed, owned, or used by the Company that may be
communicated to, acquired by, or learned of by the Executive in the course of,
or as result of, his employment with the Company. All records, files, memoranda,
reports, price lists, customer lists, drawings, plans, sketches, documents,
equipment, and the like, relating to the business of the Company, which the
Executive shall use or prepare or come into contact with, shall remain the sole
property of the Company.

         8.       COMPETITION
                  -----------

                  a. During the period of the Executive's employment by the
Company, Executive will not (i) engage in; (ii) have any interest in any person,
firm, or corporation that engages in; or (iii) perform any services for any
person, firm, or corporation that engages in competition with the Company, or
any of its subsidiaries in the development, research relating to, manufacture,
processing, marketing, distribution, or sale of any products or services that
were the subject of activities of the Company, or any of its subsidiaries, at
any time during the period of his employment by the Company, in any area in
which such business shall be carried on.

                  b. Notwithstanding any provision of this Section 8 to the
contrary, Executive may own no more than three percent (3%) of the total shares
of all classes of stock outstanding of any corporation having securities
registered with the Securities and Exchange Commission pursuant to the
Securities Exchange Act of 1934.

                  c. Executive represents that his experience and capabilities
are such that the provision of this Section 8 will not prevent him from earning
a livelihood.

<PAGE>
WILLIAM L. JENKINS
EMPLOYMENT AGREEMENT       PAGE 5

         9.       TERMINATION
                  -----------

                  Notwithstanding any provision of this Agreement to the
contrary, Executive's employment shall terminate upon his death, and the Company
at any time may terminate his employment by giving him written notice of such
termination (i) for cause, as hereinafter defined; (ii) if Executive shall
violate any of the provisions of Sections 7 or 8 hereof; or (iii) if Executive
shall become physically or mentally incapacitated and by reason thereof unable
to perform his duties hereunder for a period of ninety (90) consecutive days.
For the purpose of this clause (i) of this subsection 9, "for cause" shall mean
any of the following events: (x) conviction in a court of law of any crime or
offense involving money or other property of the Company, or any of its
subsidiaries, or any felony, or (y) violation of specific written directions of
the Board of Directors of the Company, provided, however, no discharge shall be
deemed "for cause" under this clause (y) unless Executive shall have first
received written notice from the Board of Directors of the Company advising of
the acts or omissions that constitute such violation, and such violation
continues uncured for a period of thirty (30) days after Executive shall have
received such notice.

         10.      SUCCESSORS; BINDING AGREEMENT
                  -----------------------------

                  a. In the event of a Change in Control, the Company shall
execute a termination of this Agreement and pay to the Executive the sum of
three times the total compensation paid to the Executive during the twelve (12)
months preceding such Change of Control.

                  b. Subject to the provisions of Section 10.a., this Agreement
and all rights of the Executive hereunder, shall inure to the benefit of and be
enforceable by the Executive's personal or legal representatives, executors,
administrators, successors, heirs, distributees, devisees and legatees. If the
Executive should die while any amounts would still be payable to him hereunder
if he had continued to live, all such amounts, unless otherwise provided herein,
shall be paid in accordance with the terms of this Agreement to the Executive's
devisee, legatee, or other designee, or, if there be no such designee, to the
Executive's estate.

         11.      NOTICE
                  ------

                  For the purposes of this Agreement, notices, demands and all
other communications provided for in this Agreement shall be in writing and
shall be deemed to have been duly given when delivered or (unless otherwise
specified) mailed by United States registered mail, return receipt requested,
postage prepaid, addressed as follows:

                           If to the Executive:

                           William L. Jenkins
                           432 Old Country Lane
                           Columbus, Mississippi  39201

                           If to the Company:

                           Black Warrior Wireline Corp.
                           100 Rosecrest Lane
                           Columbus, Mississippi  39701

or to such other address as any party may have furnished to the other in writing
in accordance herewith, except that notices of change of address shall be
effective only upon receipt.

         12.      MISCELLANEOUS
                  -------------

                  No provisions of this Agreement may be modified, waived or
discharged unless such waiver, modification or discharge is agree to in writing
signed by the parties hereto. No waiver by either party hereto at any time of
any breach by the other party hereto of, or compliance with, any condition or
provision of this Agreement to

<PAGE>
WILLIAM L. JENKINS
EMPLOYMENT AGREEMENT       PAGE 6

be performed by such other party shall be deemed a waiver of similar or
dissimilar provisions or conditions at the same or at any prior or subsequent
time. No agreements or representations, oral or otherwise, expressed or implied,
with respect to the subject matter hereof have been made by either party which
are not set forth expressly in this Agreement. This Agreement supersedes and
replaces the Employment Agreement dated September 18, 1996, between the Company
and Executive which agreement and all options agreed to be granted thereunder is
herewith terminated. The validity, interpretation, construction and performance
of this Agreement shall be governed by the laws of the State of Mississippi.

         13.      VALIDITY
                  --------

                  The invalidity or unenforceability of any provision or
provisions of this Agreement shall not affect the validity or enforceability of
any other provision of this Agreement, which shall remain in full force and
effect.

         14.      COUNTERPARTS
                  ------------

                  This Agreement may be executed in one or more counterparts,
each of which shall be deemed to be an original, but all of which together will
constitute one and the same instrument.

         15.      ARBITRATION
                  -----------

                  Any dispute or controversy arising under or in connection with
this Agreement shall be settled exclusively by arbitration, pursuant to the
Commercial Arbitration Rules of the American Arbitration Association. The
arbitration shall be before a single arbitrator in Jackson, Mississippi.
Judgment may be entered on the arbitrator's award in any court having
jurisdiction. The expense of such arbitration shall be borne by the Company.

         IN WITNESS WHEREOF, the parties have executed this Agreement on the
date and year first above written.

                                    BLACK WARRIOR WIRELINE CORP.

                                          By:  _________________________________

_________________________           Name:_____________________________________
Attest
                                          Title:________________________________

                                          ______________________________________
                                          William L. Jenkins

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