SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Krueger David S (Last) (First) (Middle) 3129 BASS PRO DRIVE (Street) GRAPEVINE TX 76051 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 10/22/2007	3. Issuer Name and Ticker or Trading Symbol GreenHunter Energy, Inc. [ GRH ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) VP & CFO	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, par value $.001	0	D
Common Stock, par value $.001	0	D
Common Stock, par value $.001	14,560,000	D
Common Stock, par value $.001	14,560,000	I	By Investment Hunter, LLC
Common Stock, par value $.001	0	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Options to Purchase Common Stock	05/16/2007	05/16/2017	Common Stock, par value $.001	550,000	$5	D
Options to Purchase Common Stock	05/16/2007	05/16/2017	Common Stock, par value $.001	2,250,000	$5	D
Options to Purchase Common Stock	05/16/2007	05/16/2017	Common Stock, par value $.001	500,000	$5	D

1. Name and Address of Reporting Person* Krueger David S (Last) (First) (Middle) 3129 BASS PRO DRIVE (Street) GRAPEVINE TX 76051 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner X Officer (give title below) Other (specify below) VP & CFO

1. Name and Address of Reporting Person* Studer Michael K (Last) (First) (Middle) 3129 BASS PRO DRIVE (Street) GRAPEVINE TX 76051 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director 10% Owner X Officer (give title below) Other (specify below) President and COO

1. Name and Address of Reporting Person* Investment Hunter LLC (Last) (First) (Middle) 1808 POINT DE VUE (Street) FLOWER MOUND TX 75022 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* EVANS GARY C (Last) (First) (Middle) 3129 BASS PRO DRIVE (Street) GRAPEVINE TX 76051 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director 10% Owner X Officer (give title below) Other (specify below) CEO

1. Name and Address of Reporting Person* JOHNSTON MORGAN F (Last) (First) (Middle) 3129 BASS PRO DRIVE (Street) GRAPEVINE TX 76051 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner X Officer (give title below) Other (specify below) Sr. VP & General Counsel

Explanation of Responses:

	/s/ David S. Krueger	10/29/2007
	/s/ Michael K. Studer	10/29/2007
	/s/ Gary C. Evans, Sole Manager	10/29/2007
	/s/ Gary C. Evans	10/29/2007
	/s/ Morgan F. Johnston	10/29/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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