EXHIBIT 10.374

                                   CAPEX NOTE
                                   ----------


New York, New York
$8,000,000                                                    September 14, 2001


         FOR VALUE RECEIVED, the undersigned, BLACK WARRIOR WIRELINE CORP., a
Delaware corporation ("Borrower"), HEREBY PROMISES TO PAY to the order of
GENERAL ELECTRIC CAPITAL CORPORATION ("Lender"), at the offices of GENERAL
ELECTRIC CAPITAL CORPORATION, a Delaware corporation, as Agent for Lenders
("Agent"), at its address at 5400 LBJ Freeway, Suite 525, Dallas, Texas, 75240,
or at such other place as Agent may designate from time to time in writing, in
lawful money of the United States of America and in immediately available funds,
the amount of EIGHT MILLION DOLLARS AND NO CENTS ($8,000,000) or, if less, the
aggregate unpaid amount of all CapEx Advances made to the undersigned under the
"Credit Agreement" (as hereinafter defined). All capitalized terms used but not
otherwise defined herein have the meanings given to them in the Credit Agreement
or in Annex A thereto.

         This CapEx Note is one of the CapEx Notes issued pursuant to that
certain Credit Agreement dated as of September 14, 2001 by and among Borrower,
the other Persons named therein as Credit Parties, Agent, Lender and the other
Persons signatory thereto from time to time as Lenders (including all annexes,
exhibits and schedules thereto, and as from time to time amended, restated,
supplemented or otherwise modified, the "Credit Agreement"), and is entitled to
the benefit and security of the Credit Agreement, the Security Agreement and all
of the other Loan Documents referred to therein. Reference is hereby made to the
Credit Agreement for a statement of all of the terms and conditions under which
the Loans evidenced hereby are made and are to be repaid. The date and amount of
each CapEx Advance made by Lenders to Borrower, the rates of interest applicable
thereto and each payment made on account of the principal thereof, shall be
recorded by Agent on its books; provided that the failure of Agent to make any
such recordation shall not affect the obligations of Borrower to make a payment
when due of any amount owing under the Credit Agreement or this CapEx Note in
respect of the CapEx Advances made by Lender to Borrower.

         The principal amount of the indebtedness evidenced hereby shall be
payable in the amounts and on the dates specified in the Credit Agreement, the
terms of which are hereby incorporated herein by reference. Interest thereon
shall be paid until such principal amount is paid in full at such interest rates
and at such times, and pursuant to such calculations, as are specified in the
Credit Agreement.

         If any payment on this CapEx Note becomes due and payable on a day
other than a Business Day, the maturity thereof shall be extended to the next
succeeding Business Day and, with respect to payments of principal, interest
thereon shall be payable at the then applicable rate during such extension.




         Upon and after the occurrence of any Event of Default, this CapEx Note
may, as provided in the Credit Agreement, and without demand, notice or legal
process of any kind, be declared, and immediately shall become, due and payable.

         Time is of the essence of this CapEx Note. Demand, presentment, protest
and notice of nonpayment and protest are hereby waived by Borrower.

         Except as provided in the Credit Agreement, this CapEx Note may not be
assigned by Lender to any Person.

         THIS CAPEX NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND PERFORMED IN
THAT STATE.

                                   BLACK WARRIOR WIRELINE CORP.



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