UNITED STATES

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

~~November~~June 2918, ~~2007~~2008

Date of Report (Date of earliest event reported)

Commission File Number: 000-28915

Sonoran Energy, Inc.

(Exact name of registrant as specified in its charter)

Washington, United States

(State or other jurisdiction of ~~incorporation~~incorporated or organization)

13-4093341

(I.R.S. Employer ID Number)

14180 Dallas Parkway, Ste. 400, Dallas, TX ~~75254~~, 75224

(Address of principal executive offices) (Zip ~~code~~Code)

214-389-3480

(~~Issuer's~~Issuers telephone number)

N/A

(Former Name, Former Address and Former Fiscal Year 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))

Item 13.0102 ~~Entry~~Unregistered ~~into~~Sales aof ~~Material~~Equity ~~Definitive Agreement~~Securities

~~Item~~On 2June 18, 2008, Sonoran Energy, Inc.03 (the ~~Creation~~"Company") completed the first part of the placement of a ~~Direct~~series ~~Financial~~of ~~Obligation~~3-year notes which carry a ten percent (10%) interest rate per annum and are convertible at a price of $0.10 per share. Interest on the notes is due and payable upon maturity. Two investors have tendered a total of one million dollars ($1,000,000) for these notes. These notes were issued under the exemptions provided by Section 4(2) of the Securities Act of 1933 and Regulation S.

OnItem ~~November~~9.01 Financial ~~29,~~Statements ~~2007, the Company entered into a Credit Agreement with Standard Bank PLC~~ and Nordkap, granting the Company a credit facility of up to $15,000,000, over a three-year period, with an initial availability of $12,000,000. The lenders received 6,029,740 warrants priced at 3 tiers above market price on date of closing, with a maturities ranging from 4 to 6 years. As lead bank, Standard Bank PLC will also have an overriding royalty of 2%.Exhibits

Proceeds from this loan have been utilized to retire the indebtedness due NGP, allowing replacement of NGP’s credit facility with this arrangement, and the remainder to be utilized to develop the Company's reserves. This improves the Company's financial position in several respects: the credit line is increased from $12,000,000 to $15,000,000; the interest rate is lowered by one-half of one percent; the term of the loan is 3 years rather than 15 months; the initial draw-down is $12,000,000 rather than $10,000,000; the over-riding royalty has been reduced from 3% to 2% and is deferred until the loan is paid off, thereby increasing annual operating profitability by an expected $460,000.

Exhibit No.	Description
4.27	Form of 10% Convertible Note

~~Item 9.01 Financial Statements and Exhibits~~SIGNATURES

Exhibit No.	Description
4.23	Form of Warrant issued to Standard Bank, PLC in connection with Term Credit Agreement, dated November 29, 2007
4.24	Assignment and Conveyance of Overriding Royalty Interest to Standard Bank, PLC in connection with Term Credit Agreement, dated November 29, 2007
10.28	Term Credit Agreement between Sonoran Energy, Inc. and Standard Bank, PLC, dated November 29, 2007

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.

~~SIGNATURES~~Dated: June 19, 2008

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

~~Dated:~~/s/ ~~December~~Peter ~~4, 2007~~Rosenthal

~~SONORAN~~Peter ~~ENERGY, INC.~~Rosenthal

~~/s/~~President ~~Peter~~and ~~Rosenthal~~Chief Executive Officer

Peter Rosenthal

Chairman and Chief Executive Officer

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