UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-K
                                AMENDMENT NO. 1

                                 CURRENT REPORT
     PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934


                  Date of Amendment (Date of Original Report)
                      FEBRUARY 7, 2011 (DECEMBER 1, 2010)

                             HIGH PLAINS GAS, INC.
                             ---------------------
             (Exact name of registrant as specified in its charter)


Nevada                                  333-125068               26-3633813
- -----------------------------    ------------------------    -------------------
(State or other jurisdiction     (Commission File Number)     (I.R.S. Employer
of incorporation)                                            Identification No.)


                 3601 Southern Drive, Gillette, Wyoming  82718
                 ---------------------------------------------
          (Address of Principal Executive Offices)          (Zip Code)


       Registrant's telephone number, including area code: (307) 686-5030

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))



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                                EXPLANATORY NOTE

High Plains Gas, Inc. ("the Company") is filing this Amendment No. 1 to Form 8-K
to amend its Current Report on Form 8-K filed on December 1, 2010 to include the
audited  revenue  and  direct operating expenses for the North and South Fairway
Acquisition  Properties  for the years ending December 31, 2008 and 2009 and the
unaudited  pro  forma condensed combined financial statements of the Company for
the  year  ended December 31, 2009 and the nine months ended September 30, 2010.

ITEM  2.01  COMPLETION  OF  ACQUISITION  OR  DISPOSITION  OF  ASSETS

As  previously  reported  by the Company in its Current Report on Form 8-K filed
with the Securities and Exchange Commission on December 1, 2010, on November 19,
2010  the  Company's  subsidiary  CEP  Purchase-M  LLC  ("CEP")  completed  the
acquisition  of  the  North  and  South  Fairway  Acquisition  Properties.

ITEM  9.01  FINANCIAL  STATEMENTS  AND  EXHIBITS

(a)     Financial  statements  of  business  acquired

The  following  financial  statements  of  North  and  South Fairway Acquisition
Properties  are  filed  hereto  as  exhibit  99.1:

- -    Audited  statements of revenues and direct operating expenses for the years
     ended  December  31,  2008  and  2009
- -    Unaudited statements of revenues and direct operating expenses for the nine
     months  ended  September  30,  2009  and  2010.
- -    Notes to  the  Statements  of  Revenues  and  Direct  Operating  Expenses

(b)     Pro  forma  financial  statements

Unaudited  pro  forma condensed financial statements of the Company for the year
ended  December  31,  2009  and  the  nine  months  ended  September  30,  2010.


Exhibit  No.     Identification  of  Exhibits
- ------------     ----------------------------

99.1 Statements of revenues and direct operating expenses of the North and South
     Fairway  Acquisition  Properties  for the years ended December 31, 2008 and
     2009,  and  for  the  nine  months  ended  September  30,  2009  and  2010.

99.2 Unaudited  pro  forma condensed financial statements of the Company for the
     year  ended December 31, 2009 and the nine months ended September 30, 2010.


                                   SIGNATURE

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.

Dated this 7th day of February, 2011

                                   HIGH PLAINS GAS, INC.

                                   BY: \s\ Mark D. Hettinger
                                       ---------------------

                                   Mark D. Hettinger, Chief Executive Officer,
                                   Principal Executive Officer and a Member of
                                   the Board of Directors.