The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Crosstex Energy, Inc. COM 22765Y104 32,357 1,637,477 SH   DFND   0 1,637,477 0
Crosstex Energy, Inc. COM 22765Y104 5,120 259,115 SH   SOLE   259,115 0 0
Crosstex Energy, LP COM 22765U102 89 4,316 SH   DFND   0 4,316 0
Approach Resources, Inc. COM 03834A103 22,620 920,631 SH   SOLE   920,631 0 0
Approach Resources, Inc. COM 03834A103 1,280 52,088 SH   DFND   0 52,088 0
Google Inc. COM 38259P508 1,056 1,200 SH   DFND   0 1,200 0
Rockwell Automation Inc. COM 773903109 499 6,000 SH   DFND   0 6,000 0
Hallador Energy Company COM 40609P105 22,449 2,788,685 SH   SOLE   2,788,685 0 0
Star Gas Partners L.P. UNIT 85512C105 978 200,000 SH   SOLE   200,000 0 0
TCP Capital Corp. COM 87238Q103 1,284 76,546 SH   DFND   0 76,546 0
3M Company COM 88579Y101 275 2,519 SH   SOLE   2,519 0 0
Abbott Laboratories COM 002824100 142 4,060 SH   SOLE   4,060 0 0
AbbVie Inc. COM 00287Y109 166 4,017 SH   SOLE   4,017 0 0
ABB Ltd. ADR 000375204 221 10,199 SH   SOLE   10,199 0 0
China Mobile Limited ADR 16941M109 222 4,199 SH   SOLE   4,199 0 0
Vodafone Group PLC ADR 92857W209 253 8,492 SH   SOLE   8,492 0 0
AT&T Inc. COM 00206R102 256 7,232 SH   SOLE   7,232 0 0
Chevron Corporation COM 166764100 253 2,135 SH   SOLE   2,135 0 0
The Chubb Corporation COM 171232101 285 3,344 SH   SOLE   3,344 0 0
The Coca Cola Company COM 191216100 243 6,027 SH   SOLE   6,027 0 0
The Dow Chemical Company COM 260543103 211 6,500 SH   SOLE   6,500 0 0
Du Pont E I De Nemours & Co COM 263534109 232 4,424 SH   SOLE   4,424 0 0
Emerson Electric Co. COM 291011104 244 4,477 SH   SOLE   4,477 0 0
Exelon Corporation COM 30161N101 170 5,508 SH   SOLE   5,508 0 0
Exxon Mobil Corporation COM 30231G102 254 2,815 SH   SOLE   2,815 0 0
General Electric Company COM 369604103 305 13,035 SH   SOLE   13,035 0 0
Illinois Tool Works Inc. COM 452308109 313 4,503 SH   SOLE   4,503 0 0
Intel Corporation COM 458140100 253 10,456 SH   SOLE   10,456 0 0
Johnson & Johnson COM 478160104 275 3,199 SH   SOLE   3,199 0 0
Kimberly-Clark Corporation COM 494368103 304 3,199 SH   SOLE   3,199 0 0
Kraft Foods Inc. COM 50076Q106 118 2,085 SH   SOLE   2,085 0 0
McDonald's Corp. COM 580135101 227 2,293 SH   SOLE   2,293 0 0
Medtronic, Inc. COM 585055106 306 5,951 SH   SOLE   5,951 0 0
Microsoft Corporation COM 594918104 274 7,949 SH   SOLE   7,949 0 0
Terra Nitrogen Company, LP COM 881005201 234 1,095 SH   SOLE   1,095 0 0
Mondelez International Inc. COM 609207105 168 5,876 SH   SOLE   5,876 0 0
The Procter & Gamble Company COM 742718109 253 3,292 SH   SOLE   3,292 0 0
United Parcel Service, Inc. COM 911312106 268 3,103 SH   SOLE   3,103 0 0
United Technologies Corporation COM 913017109 259 2,787 SH   SOLE   2,787 0 0
Verizon Communications Inc. COM 92343V104 301 5,972 SH   SOLE   5,972 0 0