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

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2019-12-12</periodOfReport>

    <noSecuritiesOwned>1</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000086264</issuerCik>
        <issuerName>Carbon Energy Corp</issuerName>
        <issuerTradingSymbol>CRBO</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001361055</rptOwnerCik>
            <rptOwnerName>Bailey John A</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O YORKTOWN PARTNERS, LLC</rptOwnerStreet1>
            <rptOwnerStreet2>410 PARK AVENUE, 19TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
        </reportingOwnerRelationship>
    </reportingOwner>

    <remarks>Exhibit List: 24 - Power of Attorney</remarks>

    <ownerSignature>
        <signatureName>/s/ John A. Bailey</signatureName>
        <signatureDate>2019-12-20</signatureDate>
    </ownerSignature>
</ownershipDocument>
