SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                      the Securities Exchange Act of 1934

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

                                 Date of Report
                                August 28, 1998

                           CONCORD ENERGY INCORPORATED
             (Exact Name of Registrant as Specified in its charter)

         Delaware                     2-6806-NY                 22-2670198
(State or other jurisdiction        (Commission              (IRS Employer
   of incorporation)                File Number)           Identification No.)

       1515 Simmons Street, Jourdanton, Texas                    78026
      (Address of principal executive offices)                 (Zip Code)

        Registrant's telephone number, including area code (830) 769-3955



Item 3.  Bankruptcy or Receivership.

      On August 27, 1998,  Concord Energy  Incorporated  (the "Company") and its
subsidiary  Knight  Equipment  &  Manufacturing   Corporation   ("KEMCO")  filed
voluntary  petitions under Chapter 11 of the United States Bankruptcy Code, Case
No.  98-54129-K and 98-54130-K,  respectively,  in the United States  Bankruptcy
Court,  Western  District of Texas,  San  Antonio  Division,  Judge  Ronald King
presiding.  The Company, as  Debtor-in-Possession,  will continue to operate and
manage its affairs and attempt to restructure its financial obligations.

      A copy of the press  release  issued by the  Company on August  28,  1998,
reporting  the  Chapter 11 filings  and related  matters,  is filed  herewith as
Exhibit 99.1 and incorporated herein by reference.

Item 7.  Financial Statements and Exhibits

      (c) Exhibits

          The following exhibit is filed as part of this report:

                 99.1     News Release of Concord Energy Incorporated dated
                          August 28, 1998.


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                                   SIGNATURES

      Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                     Concord Energy Incorporated

                                     (Registrant)

Dated:  August 28, 1998              By: /S/
                                        ----------------------------------------
                                        Deral Knight,
                                        President, Chief Executive Officer
                                        and Chairman of the Board of Directors


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                                 EXHIBIT INDEX


     Exhibit                                                            Page
     Number                       Description                          Number
     ------                       -----------                          ------
      99.1                 News Release of Concord Energy                 5
                           Incorporated dated August 28, 1998


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