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* Lubar Equity Fund, LLC (Last) (First) (Middle) 700 N. WATER STREET SUITE 1200 (Street) MILWAUKEE WI 53202 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 09/15/2009	3. Issuer Name and Ticker or Trading Symbol HALLADOR PETROLEUM CO [ HCPO ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	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 $0.01 per share	2,788,685	D(1)

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

1. Name and Address of Reporting Person* Lubar Equity Fund, LLC (Last) (First) (Middle) 700 N. WATER STREET SUITE 1200 (Street) MILWAUKEE WI 53202 (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* Lubar & Co., Inc (Last) (First) (Middle) 700 NORTH WATER STREET SUITE 1200 (Street) MILWAUKEE WI 53202 (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* LUBAR DAVID J (Last) (First) (Middle) 770 NORTH WATER STREET SUITE 1200 (Street) MILWAUKEE WI 53202 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. These securities are owned by Lubar Equity Fund, LLC ("LEF"), which is filing this report as a joint filer with David J. Lubar ("Mr. Lubar") and Lubar & Co., Incorporated ("Lubar & Co."). Lubar & Co., as manager of LEF, and Mr. Lubar, as a director of Lubar & Co., may be deemed to share voting and dispositive power as to the shares held by LEF. Mr. Lubar and Lubar & Co. disclaim beneficial ownership in the shares owned by LEF, except to the extent of their respective pecuniary interest therein. Information regarding the joint filers is attached hereto as Exhibit 99.

	Lubar Equity Fund, LLC BY /s/ David J. Lubar	09/23/2009
	Lubar & Co., Incorporated BY /s/ David J. Lubar, President	09/23/2009
	/s/ David J. Lubar	09/23/2009
	** 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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