<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0203</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2009-09-15</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000788965</issuerCik>
        <issuerName>HALLADOR PETROLEUM CO</issuerName>
        <issuerTradingSymbol>HCPO</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001322415</rptOwnerCik>
            <rptOwnerName>Lubar Equity Fund, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>700 N. WATER STREET SUITE 1200</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>MILWAUKEE</rptOwnerCity>
            <rptOwnerState>WI</rptOwnerState>
            <rptOwnerZipCode>53202</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001473033</rptOwnerCik>
            <rptOwnerName>Lubar &amp; Co., Inc</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>700 NORTH WATER STREET</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 1200</rptOwnerStreet2>
            <rptOwnerCity>MILWAUKEE</rptOwnerCity>
            <rptOwnerState>WI</rptOwnerState>
            <rptOwnerZipCode>53202</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001032385</rptOwnerCik>
            <rptOwnerName>LUBAR DAVID J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>770 NORTH WATER STREET</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 1200</rptOwnerStreet2>
            <rptOwnerCity>MILWAUKEE</rptOwnerCity>
            <rptOwnerState>WI</rptOwnerState>
            <rptOwnerZipCode>53202</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, par value $0.01 per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2788685</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">These securities are owned by Lubar Equity Fund, LLC (&quot;LEF&quot;), which is filing this report as a joint filer with David J. Lubar (&quot;Mr. Lubar&quot;) and Lubar &amp; Co., Incorporated (&quot;Lubar &amp; Co.&quot;).  Lubar &amp; Co., as manager of LEF, and Mr. Lubar, as a director of Lubar &amp; Co., may be deemed to share voting and dispositive power as to the shares held by LEF.  Mr. Lubar and Lubar &amp; 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.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Lubar Equity Fund, LLC BY /s/ David J. Lubar</signatureName>
        <signatureDate>2009-09-23</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Lubar &amp; Co., Incorporated BY /s/ David J. Lubar, President</signatureName>
        <signatureDate>2009-09-23</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ David J. Lubar</signatureName>
        <signatureDate>2009-09-23</signatureDate>
    </ownerSignature>
</ownershipDocument>
