SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                   FORM 12b-25

                         COMMISSION FILE NUMBER 0-25449
                             Cusip Number 02368F108

                           NOTIFICATION OF LATE FILING

                                  (Check One):
             [x] Form 10-K [_] Form 11-K [_] Form 20-F [ ] Form 10-Q
                                 [_] Form N-SAR

                         [_] Transition Report on Form 10-K
                         [_] Transition Report on Form 20-F
                         [_] Transition Report on Form 11-K
                         [_] Transition Report on Form 10-Q
                         [_] Transition Report on Form N-SAR

                       FOR PERIOD ENDED DECEMBER 31, 2004

     For the Transition Period Ended:______________________________________

    Nothing in this form shall be construed to imply that the Commission has
                   verified any information contained herein.

 If the notification relates to a portion of the filing checked above, identify
                 the item(s) to which the notification relates:

                         PART I - REGISTRANT INFORMATION

                           ALLIS-CHALMERS ENERGY INC.
                             FULL NAME OF REGISTRANT

                           ALLIS-CHALMERS CORPORATION
                            FORMER NAME IF APPLICABLE

                           5075 WESTHEIMER, SUITE 890
            ADDRESS OF PRINCIPAL EXECUTIVE OFFICE (STREET AND NUMBER)

                              HOUSTON, TEXAS 77056
                            CITY, STATE AND ZIP CODE

                        PART II - RULE 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate.)

(a) The reasons described in reasonable detail in Part III of this form could
not be eliminated without unreasonable effort or expense;

(b) The subject annual report, semi-annual report, transition report on Form
10-K, Form 20-F, Form 11-K or Form N-SAR, or portion thereof will be filed on or
before the 15th calendar day following the [XX] prescribed due date; or the
subject quarterly report or transition report on Form 10-Q, or portion thereof
will be filed on or before the fifth calendar day following the prescribed due
date; and

(c) The accountant's statement or other exhibit required by Rule 12b-25(c) has
been attached if applicable.






                              PART - III NARRATIVE

State below in reasonable detail why the Form 10-K, 11-K, 20-F 10-Q, N-SAR or
the transition report portion thereof could not be filed within the prescribed
time period. (Attach extra sheets if needed.)

THE REGISTRANT HAS BEEN UNABLE TO COMPLETE ITS FINANCIAL STATEMENTS FOR THE YEAR
ENDED DECEMBER 31, 2004, WITHOUT UNREASONABLE EFFORT AND EXPENSE. BECAUSE THE
FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THE FORM 10-K, THE REGISTRANT IS
UNABLE TO COMPLETE THE FORM 10-K BY THE PRESCRIBED DUE DATE. THE REGISTRANT
EXPECTS TO BE ABLE TO FILE THE ANNUAL REPORT ON FORM 10-K ON OR BEFORE THE
FIFTEENTH CALENDAR DAY FOLLOWING THE PRESCRIBED DUE DATE.

                           PART IV - OTHER INFORMATION

(1) Name and telephone number of person to contact in regard to this
notification

                         VICTOR M. PEREZ (713) 369-0550
                      (Name) (Area Code) (Telephone Number)

(2) Have all other periodic reports required under Section 13 or 15(d) of the
Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of
1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify report(s). [X] Yes [_] No

(3) Is it anticipated that any significant change in results of operations from
the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof? [ ]
Yes [X] No

If so: attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.



                           ALLIS-CHALMERS ENERGY INC.
                  (Name of Registrant as Specified in Charter)

Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.





DATE MARCH 31, 2005                        BY /S/ MUNAWAR H. HIDAYATALLAH
                                              ----------------------------------
                                              MUNAWAR H. HIDAYATALLAH
                                              CHAIRMAN OF THE BOARD OF DIRECTORS
                                              AND CHIEF EXECUTIVE OFFICER