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 (Date of Earliest Event Reported): March 10, 2005
                                                           --------------

                             ARETE INDUSTRIES, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


               Colorado                33-16820-D            84-1508638
     ----------------------------     ------------      -------------------
     (State or other jurisdiction     (Commission       (I.R.S.  Employer
      of incorporation)                File Number)      Identification No.)


    7102 La Vista Place Suite 100, Niwot, Colorado                80503
    ----------------------------------------------              ---------
     (Address of Principal Executive Offices)                   (Zip Code)


        Registrant's telephone number including area code: (303) 652-3113
                                                           --------------


                                       N/A
         --------------------------------------------------------------
         (Former name or former address, if changed since last report):


Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

[]   Written Communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)
[]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)
[]   Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b)]
[]   Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c)]





Section 8:  Other Events

     Item 8.01 Other Events

     On March 10, 2005, the Company issued a press release announcing its
withdrawal from an arrangement previously announced on December 14, 2004 to
purchase three oil and gas drilling, re-entry, and re-work prospects located in
Texas and Oklahoma.

Section 9:  Financial Statements and Exhibits

     Item 9.01 Financial Statements and Exhibits

          (c)  Exhibit 99.1      Press release dated March 10, 2005


                                    SIGNATURE

Pursuant to the  requirements of Section 13 or 15(a) 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.

    ARETE INDUSTRIES, INC.

    Date:    March 10, 2005        By:   /s/ THOMAS P.  RAABE
             --------------              --------------------------
                                         Thomas P. Raabe, President,
                                         Chief Executive Officer, and
                                         Chairman of the Board of Directors

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                                  EXHIBIT INDEX


   Exhibit Number                                       Description
   --------------                          -------------------------------------

       99.1                                Press Release issued March 8, 2005
                                           pertaining to the termination of
                                           agreement to acquire three Oil and
                                           Gas Prospects in Oklahoma and Texas.

                                        3