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

SCHEDULE 13G
(Amendment No. 1)*

Under the Securities Exchange Act of 1934

CRUSADER ENERGY GROUP INC.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

228834107

(CUSIP Number)

December 31, 2008

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
13G is filed:

[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


CUSIP No. 228834107
--------------------------------------------------------------------------------
(1) Names of Reporting Persons: WS Capital, L.L.C.

 I.R.S. Identification Nos. of Above Persons (entities only):

--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)

 (a) [ ] (b) [X]
--------------------------------------------------------------------------------

(3) SEC Use Only
--------------------------------------------------------------------------------

(4) Citizenship or Place of Organization: Texas
--------------------------------------------------------------------------------
 Number of Shares Beneficially Owned
 by Each Reporting Person (5) Sole Voting Power: 0*
 --------------------------------------
 (6) Shared Voting Power: 1,716,600*
 --------------------------------------
 (7) Sole Dispositive Power: 0*
 --------------------------------------
 (8) Shared Dispositive Power: 1,716,600*
 --------------------------------------
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
 1,716,600*
--------------------------------------------------------------------------------

(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
 [ ]
--------------------------------------------------------------------------------

(11) Percent of Class Represented by Amount in Row (9): 0.9%*
--------------------------------------------------------------------------------

(12) Type of Reporting Person: HC/OO
--------------------------------------------------------------------------------
* Based on information set forth on the Form 10-Q of Crusader Energy Group Inc.
(the "Company") for the quarterly period ended September 30, 2008, as filed with
the Securities and Exchange Commission on November 10, 2008, there were
198,564,958 shares of common stock, par value $0.01 per share (the "Shares"), of
the Company issued and outstanding as of November 6, 2008. As of December 31,
2008 (the "Reporting Date"), Walker Smith Capital, L.P. ("WSC"), Walker Smith
Capital (Q.P.), L.P. ("WSCQP"), Walker Smith International Fund, Ltd. ("WS
International") and HHMI Investments, L.P. ("HHMI," and together with WSC, WSCQP
and WS International, the "WS Funds") held in the aggregate 1,716,600 Shares. WS
Capital Management, L.P. ("WSC Management") is the general partner of WSC and
WSCQP and the investment manager for WS International and HHMI. WS Capital,
L.L.C. ("WS Capital") is the general partner of WSC Management. Reid S. Walker
and G. Stacy Smith are the members of WS Capital. As a result, WSC Management,
WS Capital and Messrs. Reid S. Walker and G. Stacy Smith possess shared power to
vote and direct the disposition of the Shares held by the WS Funds. In addition,
as of the Reporting Date, WS Opportunity Fund, L.P. ("WSO") and WS Opportunity
Fund (Q.P.), L.P. ("WSOQP," and together with WSO, the "WSO Funds") held in the
aggregate 712,950 Shares. WS Ventures Management, L.P. ("WSVM") is the general
partner of the WSO Funds. WSV Management, L.L.C. ("WSV") is the general partner
of WSVM. Reid S. Walker, G. Stacy Smith and Patrick P. Walker are the members of
WSV. As a result, WSVM, WSV and Messrs. Reid S. Walker, Patrick P. Walker and G.
Stacy Smith possess shared power to vote and direct the disposition of the
Shares held by the WSO Funds. Thus, as of the Reporting Date, for the purposes
of Reg. Section 240.13d-3: (i) Messrs. Reid S. Walker and G. Stacy Smith may be
deemed to beneficially own 2,429,550 Shares, or approximately 1.2% of the Shares
deemed issued and outstanding as of the Reporting Date; (ii) WS Capital and WSC
Management may be deemed to beneficially own 1,716,600 Shares, or approximately
0.9% of the Shares deemed issued and outstanding as of the Reporting Date; and
(iii) WSVM, WSV and Mr. Patrick P. Walker may be deemed to beneficially own
712,950 Shares, or approximately 0.4% of the Shares deemed issued and
outstanding as of the Reporting Date. Each of the reporting persons hereby
expressly disclaims membership in a "group" under Section 13(d) of the Act and
the rules and regulations thereunder with respect to the Shares reported herein,
and this Schedule 13G Amendment No. 1 shall not be deemed to be an admission
that any such reporting person is a member of such a group.


CUSIP No. 228834107
--------------------------------------------------------------------------------
(1) Names of Reporting Persons: WS Capital Management, L.P.

 I.R.S. Identification Nos. of Above Persons (entities only):

--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)

 (a) [ ] (b) [X]
--------------------------------------------------------------------------------

(3) SEC Use Only
--------------------------------------------------------------------------------

(4) Citizenship or Place of Organization: Texas
--------------------------------------------------------------------------------
 Number of Shares Beneficially Owned
 by Each Reporting Person (5) Sole Voting Power: 0*
 --------------------------------------
 (6) Shared Voting Power: 1,716,600*
 --------------------------------------
 (7) Sole Dispositive Power: 0*
 --------------------------------------
 (8) Shared Dispositive Power: 1,716,600*
 --------------------------------------
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
 1,716,600*
--------------------------------------------------------------------------------

(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
 [ ]
--------------------------------------------------------------------------------

(11) Percent of Class Represented by Amount in Row (9): 0.9%*
--------------------------------------------------------------------------------

(12) Type of Reporting Person: IA/PN
--------------------------------------------------------------------------------
* Based on information set forth on the Form 10-Q of Crusader Energy Group Inc.
(the "Company") for the quarterly period ended September 30, 2008, as filed with
the Securities and Exchange Commission on November 10, 2008, there were
198,564,958 shares of common stock, par value $0.01 per share (the "Shares"), of
the Company issued and outstanding as of November 6, 2008. As of December 31,
2008 (the "Reporting Date"), Walker Smith Capital, L.P. ("WSC"), Walker Smith
Capital (Q.P.), L.P. ("WSCQP"), Walker Smith International Fund, Ltd. ("WS
International") and HHMI Investments, L.P. ("HHMI," and together with WSC, WSCQP
and WS International, the "WS Funds") held in the aggregate 1,716,600 Shares. WS
Capital Management, L.P. ("WSC Management") is the general partner of WSC and
WSCQP and the investment manager for WS International and HHMI. WS Capital,
L.L.C. ("WS Capital") is the general partner of WSC Management. Reid S. Walker
and G. Stacy Smith are the members of WS Capital. As a result, WSC Management,
WS Capital and Messrs. Reid S. Walker and G. Stacy Smith possess shared power to
vote and direct the disposition of the Shares held by the WS Funds. In addition,
as of the Reporting Date, WS Opportunity Fund, L.P. ("WSO") and WS Opportunity
Fund (Q.P.), L.P. ("WSOQP," and together with WSO, the "WSO Funds") held in the
aggregate 712,950 Shares. WS Ventures Management, L.P. ("WSVM") is the general
partner of the WSO Funds. WSV Management, L.L.C. ("WSV") is the general partner
of WSVM. Reid S. Walker, G. Stacy Smith and Patrick P. Walker are the members of
WSV. As a result, WSVM, WSV and Messrs. Reid S. Walker, Patrick P. Walker and G.
Stacy Smith possess shared power to vote and direct the disposition of the
Shares held by the WSO Funds. Thus, as of the Reporting Date, for the purposes
of Reg. Section 240.13d-3: (i) Messrs. Reid S. Walker and G. Stacy Smith may be
deemed to beneficially own 2,429,550 Shares, or approximately 1.2% of the Shares
deemed issued and outstanding as of the Reporting Date; (ii) WS Capital and WSC
Management may be deemed to beneficially own 1,716,600 Shares, or approximately
0.9% of the Shares deemed issued and outstanding as of the Reporting Date; and
(iii) WSVM, WSV and Mr. Patrick P. Walker may be deemed to beneficially own
712,950 Shares, or approximately 0.4% of the Shares deemed issued and
outstanding as of the Reporting Date. Each of the reporting persons hereby
expressly disclaims membership in a "group" under Section 13(d) of the Act and
the rules and regulations thereunder with respect to the Shares reported herein,
and this Schedule 13G Amendment No. 1 shall not be deemed to be an admission
that any such reporting person is a member of such a group.


CUSIP No. 228834107
--------------------------------------------------------------------------------
(1) Names of Reporting Persons: WSV Management, L.L.C.

 I.R.S. Identification Nos. of Above Persons (entities only):

--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)

 (a) [ ] (b) [X]
--------------------------------------------------------------------------------

(3) SEC Use Only
--------------------------------------------------------------------------------

(4) Citizenship or Place of Organization: Texas
--------------------------------------------------------------------------------
 Number of Shares Beneficially Owned
 by Each Reporting Person (5) Sole Voting Power: 0*
 --------------------------------------
 (6) Shared Voting Power: 712,950*
 --------------------------------------
 (7) Sole Dispositive Power: 0*
 --------------------------------------
 (8) Shared Dispositive Power: 712,950*
 --------------------------------------
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
 712,950*
--------------------------------------------------------------------------------

(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
 [ ]
--------------------------------------------------------------------------------

(11) Percent of Class Represented by Amount in Row (9): 0.4%*
--------------------------------------------------------------------------------

(12) Type of Reporting Person: HC/OO
--------------------------------------------------------------------------------
* Based on information set forth on the Form 10-Q of Crusader Energy Group Inc.
(the "Company") for the quarterly period ended September 30, 2008, as filed with
the Securities and Exchange Commission on November 10, 2008, there were
198,564,958 shares of common stock, par value $0.01 per share (the "Shares"), of
the Company issued and outstanding as of November 6, 2008. As of December 31,
2008 (the "Reporting Date"), Walker Smith Capital, L.P. ("WSC"), Walker Smith
Capital (Q.P.), L.P. ("WSCQP"), Walker Smith International Fund, Ltd. ("WS
International") and HHMI Investments, L.P. ("HHMI," and together with WSC, WSCQP
and WS International, the "WS Funds") held in the aggregate 1,716,600 Shares. WS
Capital Management, L.P. ("WSC Management") is the general partner of WSC and
WSCQP and the investment manager for WS International and HHMI. WS Capital,
L.L.C. ("WS Capital") is the general partner of WSC Management. Reid S. Walker
and G. Stacy Smith are the members of WS Capital. As a result, WSC Management,
WS Capital and Messrs. Reid S. Walker and G. Stacy Smith possess shared power to
vote and direct the disposition of the Shares held by the WS Funds. In addition,
as of the Reporting Date, WS Opportunity Fund, L.P. ("WSO") and WS Opportunity
Fund (Q.P.), L.P. ("WSOQP," and together with WSO, the "WSO Funds") held in the
aggregate 712,950 Shares. WS Ventures Management, L.P. ("WSVM") is the general
partner of the WSO Funds. WSV Management, L.L.C. ("WSV") is the general partner
of WSVM. Reid S. Walker, G. Stacy Smith and Patrick P. Walker are the members of
WSV. As a result, WSVM, WSV and Messrs. Reid S. Walker, Patrick P. Walker and G.
Stacy Smith possess shared power to vote and direct the disposition of the
Shares held by the WSO Funds. Thus, as of the Reporting Date, for the purposes
of Reg. Section 240.13d-3: (i) Messrs. Reid S. Walker and G. Stacy Smith may be
deemed to beneficially own 2,429,550 Shares, or approximately 1.2% of the Shares
deemed issued and outstanding as of the Reporting Date; (ii) WS Capital and WSC
Management may be deemed to beneficially own 1,716,600 Shares, or approximately
0.9% of the Shares deemed issued and outstanding as of the Reporting Date; and
(iii) WSVM, WSV and Mr. Patrick P. Walker may be deemed to beneficially own
712,950 Shares, or approximately 0.4% of the Shares deemed issued and
outstanding as of the Reporting Date. Each of the reporting persons hereby
expressly disclaims membership in a "group" under Section 13(d) of the Act and
the rules and regulations thereunder with respect to the Shares reported herein,
and this Schedule 13G Amendment No. 1 shall not be deemed to be an admission
that any such reporting person is a member of such a group.


CUSIP No. 228834107
--------------------------------------------------------------------------------
(1) Names of Reporting Persons: WS Ventures Management, L.P.

 I.R.S. Identification Nos. of Above Persons (entities only):

--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)

 (a) [ ] (b) [X]
--------------------------------------------------------------------------------

(3) SEC Use Only
--------------------------------------------------------------------------------

(4) Citizenship or Place of Organization: Texas
--------------------------------------------------------------------------------
 Number of Shares Beneficially Owned
 by Each Reporting Person (5) Sole Voting Power: 0*
 --------------------------------------
 (6) Shared Voting Power: 712,950*
 --------------------------------------
 (7) Sole Dispositive Power: 0*
 --------------------------------------
 (8) Shared Dispositive Power: 712,950*
 --------------------------------------
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
 712,950*
--------------------------------------------------------------------------------

(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
 [ ]
--------------------------------------------------------------------------------

(11) Percent of Class Represented by Amount in Row (9): 0.4%*
--------------------------------------------------------------------------------

(12) Type of Reporting Person: IA/PN
--------------------------------------------------------------------------------
* Based on information set forth on the Form 10-Q of Crusader Energy Group Inc.
(the "Company") for the quarterly period ended September 30, 2008, as filed with
the Securities and Exchange Commission on November 10, 2008, there were
198,564,958 shares of common stock, par value $0.01 per share (the "Shares"), of
the Company issued and outstanding as of November 6, 2008. As of December 31,
2008 (the "Reporting Date"), Walker Smith Capital, L.P. ("WSC"), Walker Smith
Capital (Q.P.), L.P. ("WSCQP"), Walker Smith International Fund, Ltd. ("WS
International") and HHMI Investments, L.P. ("HHMI," and together with WSC, WSCQP
and WS International, the "WS Funds") held in the aggregate 1,716,600 Shares. WS
Capital Management, L.P. ("WSC Management") is the general partner of WSC and
WSCQP and the investment manager for WS International and HHMI. WS Capital,
L.L.C. ("WS Capital") is the general partner of WSC Management. Reid S. Walker
and G. Stacy Smith are the members of WS Capital. As a result, WSC Management,
WS Capital and Messrs. Reid S. Walker and G. Stacy Smith possess shared power to
vote and direct the disposition of the Shares held by the WS Funds. In addition,
as of the Reporting Date, WS Opportunity Fund, L.P. ("WSO") and WS Opportunity
Fund (Q.P.), L.P. ("WSOQP," and together with WSO, the "WSO Funds") held in the
aggregate 712,950 Shares. WS Ventures Management, L.P. ("WSVM") is the general
partner of the WSO Funds. WSV Management, L.L.C. ("WSV") is the general partner
of WSVM. Reid S. Walker, G. Stacy Smith and Patrick P. Walker are the members of
WSV. As a result, WSVM, WSV and Messrs. Reid S. Walker, Patrick P. Walker and G.
Stacy Smith possess shared power to vote and direct the disposition of the
Shares held by the WSO Funds. Thus, as of the Reporting Date, for the purposes
of Reg. Section 240.13d-3: (i) Messrs. Reid S. Walker and G. Stacy Smith may be
deemed to beneficially own 2,429,550 Shares, or approximately 1.2% of the Shares
deemed issued and outstanding as of the Reporting Date; (ii) WS Capital and WSC
Management may be deemed to beneficially own 1,716,600 Shares, or approximately
0.9% of the Shares deemed issued and outstanding as of the Reporting Date; and
(iii) WSVM, WSV and Mr. Patrick P. Walker may be deemed to beneficially own
712,950 Shares, or approximately 0.4% of the Shares deemed issued and
outstanding as of the Reporting Date. Each of the reporting persons hereby
expressly disclaims membership in a "group" under Section 13(d) of the Act and
the rules and regulations thereunder with respect to the Shares reported herein,
and this Schedule 13G Amendment No. 1 shall not be deemed to be an admission
that any such reporting person is a member of such a group.


CUSIP No. 228834107
--------------------------------------------------------------------------------
(1) Names of Reporting Persons: Reid S. Walker

 I.R.S. Identification Nos. of Above Persons (entities only):

--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)

 (a) [ ] (b) [X]
--------------------------------------------------------------------------------

(3) SEC Use Only
--------------------------------------------------------------------------------

(4) Citizenship or Place of Organization: United States
--------------------------------------------------------------------------------
 Number of Shares Beneficially Owned
 by Each Reporting Person (5) Sole Voting Power: 0*
 --------------------------------------
 (6) Shared Voting Power: 2,429,550*
 --------------------------------------
 (7) Sole Dispositive Power: 0*
 --------------------------------------
 (8) Shared Dispositive Power: 2,429,550*
 --------------------------------------
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
 2,429,550*
--------------------------------------------------------------------------------

(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
 [ ]
--------------------------------------------------------------------------------

(11) Percent of Class Represented by Amount in Row (9): 1.2%*
--------------------------------------------------------------------------------

(12) Type of Reporting Person: IN
--------------------------------------------------------------------------------
* Based on information set forth on the Form 10-Q of Crusader Energy Group Inc.
(the "Company") for the quarterly period ended September 30, 2008, as filed with
the Securities and Exchange Commission on November 10, 2008, there were
198,564,958 shares of common stock, par value $0.01 per share (the "Shares"), of
the Company issued and outstanding as of November 6, 2008. As of December 31,
2008 (the "Reporting Date"), Walker Smith Capital, L.P. ("WSC"), Walker Smith
Capital (Q.P.), L.P. ("WSCQP"), Walker Smith International Fund, Ltd. ("WS
International") and HHMI Investments, L.P. ("HHMI," and together with WSC, WSCQP
and WS International, the "WS Funds") held in the aggregate 1,716,600 Shares. WS
Capital Management, L.P. ("WSC Management") is the general partner of WSC and
WSCQP and the investment manager for WS International and HHMI. WS Capital,
L.L.C. ("WS Capital") is the general partner of WSC Management. Reid S. Walker
and G. Stacy Smith are the members of WS Capital. As a result, WSC Management,
WS Capital and Messrs. Reid S. Walker and G. Stacy Smith possess shared power to
vote and direct the disposition of the Shares held by the WS Funds. In addition,
as of the Reporting Date, WS Opportunity Fund, L.P. ("WSO") and WS Opportunity
Fund (Q.P.), L.P. ("WSOQP," and together with WSO, the "WSO Funds") held in the
aggregate 712,950 Shares. WS Ventures Management, L.P. ("WSVM") is the general
partner of the WSO Funds. WSV Management, L.L.C. ("WSV") is the general partner
of WSVM. Reid S. Walker, G. Stacy Smith and Patrick P. Walker are the members of
WSV. As a result, WSVM, WSV and Messrs. Reid S. Walker, Patrick P. Walker and G.
Stacy Smith possess shared power to vote and direct the disposition of the
Shares held by the WSO Funds. Thus, as of the Reporting Date, for the purposes
of Reg. Section 240.13d-3: (i) Messrs. Reid S. Walker and G. Stacy Smith may be
deemed to beneficially own 2,429,550 Shares, or approximately 1.2% of the Shares
deemed issued and outstanding as of the Reporting Date; (ii) WS Capital and WSC
Management may be deemed to beneficially own 1,716,600 Shares, or approximately
0.9% of the Shares deemed issued and outstanding as of the Reporting Date; and
(iii) WSVM, WSV and Mr. Patrick P. Walker may be deemed to beneficially own
712,950 Shares, or approximately 0.4% of the Shares deemed issued and
outstanding as of the Reporting Date. Each of the reporting persons hereby
expressly disclaims membership in a "group" under Section 13(d) of the Act and
the rules and regulations thereunder with respect to the Shares reported herein,
and this Schedule 13G Amendment No. 1 shall not be deemed to be an admission
that any such reporting person is a member of such a group.


CUSIP No. 228834107
--------------------------------------------------------------------------------
(1) Names of Reporting Persons: G. Stacy Smith

 I.R.S. Identification Nos. of Above Persons (entities only):

--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)

 (a) [ ] (b) [X]
--------------------------------------------------------------------------------

(3) SEC Use Only
--------------------------------------------------------------------------------

(4) Citizenship or Place of Organization: United States
--------------------------------------------------------------------------------
 Number of Shares Beneficially Owned
 by Each Reporting Person (5) Sole Voting Power: 0*
 --------------------------------------
 (6) Shared Voting Power: 2,429,550*
 --------------------------------------
 (7) Sole Dispositive Power: 0*
 --------------------------------------
 (8) Shared Dispositive Power: 2,429,550*
 --------------------------------------
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
 2,429,550*
--------------------------------------------------------------------------------

(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
 [ ]
--------------------------------------------------------------------------------

(11) Percent of Class Represented by Amount in Row (9): 1.2%*
--------------------------------------------------------------------------------

(12) Type of Reporting Person: IN
--------------------------------------------------------------------------------
* Based on information set forth on the Form 10-Q of Crusader Energy Group Inc.
(the "Company") for the quarterly period ended September 30, 2008, as filed with
the Securities and Exchange Commission on November 10, 2008, there were
198,564,958 shares of common stock, par value $0.01 per share (the "Shares"), of
the Company issued and outstanding as of November 6, 2008. As of December 31,
2008 (the "Reporting Date"), Walker Smith Capital, L.P. ("WSC"), Walker Smith
Capital (Q.P.), L.P. ("WSCQP"), Walker Smith International Fund, Ltd. ("WS
International") and HHMI Investments, L.P. ("HHMI," and together with WSC, WSCQP
and WS International, the "WS Funds") held in the aggregate 1,716,600 Shares. WS
Capital Management, L.P. ("WSC Management") is the general partner of WSC and
WSCQP and the investment manager for WS International and HHMI. WS Capital,
L.L.C. ("WS Capital") is the general partner of WSC Management. Reid S. Walker
and G. Stacy Smith are the members of WS Capital. As a result, WSC Management,
WS Capital and Messrs. Reid S. Walker and G. Stacy Smith possess shared power to
vote and direct the disposition of the Shares held by the WS Funds. In addition,
as of the Reporting Date, WS Opportunity Fund, L.P. ("WSO") and WS Opportunity
Fund (Q.P.), L.P. ("WSOQP," and together with WSO, the "WSO Funds") held in the
aggregate 712,950 Shares. WS Ventures Management, L.P. ("WSVM") is the general
partner of the WSO Funds. WSV Management, L.L.C. ("WSV") is the general partner
of WSVM. Reid S. Walker, G. Stacy Smith and Patrick P. Walker are the members of
WSV. As a result, WSVM, WSV and Messrs. Reid S. Walker, Patrick P. Walker and G.
Stacy Smith possess shared power to vote and direct the disposition of the
Shares held by the WSO Funds. Thus, as of the Reporting Date, for the purposes
of Reg. Section 240.13d-3: (i) Messrs. Reid S. Walker and G. Stacy Smith may be
deemed to beneficially own 2,429,550 Shares, or approximately 1.2% of the Shares
deemed issued and outstanding as of the Reporting Date; (ii) WS Capital and WSC
Management may be deemed to beneficially own 1,716,600 Shares, or approximately
0.9% of the Shares deemed issued and outstanding as of the Reporting Date; and
(iii) WSVM, WSV and Mr. Patrick P. Walker may be deemed to beneficially own
712,950 Shares, or approximately 0.4% of the Shares deemed issued and
outstanding as of the Reporting Date. Each of the reporting persons hereby
expressly disclaims membership in a "group" under Section 13(d) of the Act and
the rules and regulations thereunder with respect to the Shares reported herein,
and this Schedule 13G Amendment No. 1 shall not be deemed to be an admission
that any such reporting person is a member of such a group.


CUSIP No. 228834107
--------------------------------------------------------------------------------
(1) Names of Reporting Persons: Patrick P. Walker

 I.R.S. Identification Nos. of Above Persons (entities only):

--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)

 (a) [ ] (b) [X]
--------------------------------------------------------------------------------

(3) SEC Use Only
--------------------------------------------------------------------------------

(4) Citizenship or Place of Organization: United States
--------------------------------------------------------------------------------
 Number of Shares Beneficially Owned
 by Each Reporting Person (5) Sole Voting Power: 0*
 --------------------------------------
 (6) Shared Voting Power: 712,950*
 --------------------------------------
 (7) Sole Dispositive Power: 0*
 --------------------------------------
 (8) Shared Dispositive Power: 712,950*
 --------------------------------------
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
 712,950*
--------------------------------------------------------------------------------

(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
 [ ]
--------------------------------------------------------------------------------

(11) Percent of Class Represented by Amount in Row (9): 0.4%*
--------------------------------------------------------------------------------

(12) Type of Reporting Person: IN
--------------------------------------------------------------------------------
* Based on information set forth on the Form 10-Q of Crusader Energy Group Inc.
(the "Company") for the quarterly period ended September 30, 2008, as filed with
the Securities and Exchange Commission on November 10, 2008, there were
198,564,958 shares of common stock, par value $0.01 per share (the "Shares"), of
the Company issued and outstanding as of November 6, 2008. As of December 31,
2008 (the "Reporting Date"), Walker Smith Capital, L.P. ("WSC"), Walker Smith
Capital (Q.P.), L.P. ("WSCQP"), Walker Smith International Fund, Ltd. ("WS
International") and HHMI Investments, L.P. ("HHMI," and together with WSC, WSCQP
and WS International, the "WS Funds") held in the aggregate 1,716,600 Shares. WS
Capital Management, L.P. ("WSC Management") is the general partner of WSC and
WSCQP and the investment manager for WS International and HHMI. WS Capital,
L.L.C. ("WS Capital") is the general partner of WSC Management. Reid S. Walker
and G. Stacy Smith are the members of WS Capital. As a result, WSC Management,
WS Capital and Messrs. Reid S. Walker and G. Stacy Smith possess shared power to
vote and direct the disposition of the Shares held by the WS Funds. In addition,
as of the Reporting Date, WS Opportunity Fund, L.P. ("WSO") and WS Opportunity
Fund (Q.P.), L.P. ("WSOQP," and together with WSO, the "WSO Funds") held in the
aggregate 712,950 Shares. WS Ventures Management, L.P. ("WSVM") is the general
partner of the WSO Funds. WSV Management, L.L.C. ("WSV") is the general partner
of WSVM. Reid S. Walker, G. Stacy Smith and Patrick P. Walker are the members of
WSV. As a result, WSVM, WSV and Messrs. Reid S. Walker, Patrick P. Walker and G.
Stacy Smith possess shared power to vote and direct the disposition of the
Shares held by the WSO Funds. Thus, as of the Reporting Date, for the purposes
of Reg. Section 240.13d-3: (i) Messrs. Reid S. Walker and G. Stacy Smith may be
deemed to beneficially own 2,429,550 Shares, or approximately 1.2% of the Shares
deemed issued and outstanding as of the Reporting Date; (ii) WS Capital and WSC
Management may be deemed to beneficially own 1,716,600 Shares, or approximately
0.9% of the Shares deemed issued and outstanding as of the Reporting Date; and
(iii) WSVM, WSV and Mr. Patrick P. Walker may be deemed to beneficially own
712,950 Shares, or approximately 0.4% of the Shares deemed issued and
outstanding as of the Reporting Date. Each of the reporting persons hereby
expressly disclaims membership in a "group" under Section 13(d) of the Act and
the rules and regulations thereunder with respect to the Shares reported herein,
and this Schedule 13G Amendment No. 1 shall not be deemed to be an admission
that any such reporting person is a member of such a group.


Item 1(a). Name of Issuer: CRUSADER ENERGY GROUP INC.

Item 1(b). Address of Issuer's Principal Executive Offices:
4747 Gaillardia Parkway
Oklahoma City, Oklahoma 73142

Item 2(a). Name of Person Filing:
WS Capital, L.L.C.

WS Capital Management, L.P.

WSV Management, L.L.C.

WS Ventures Management, L.P.

Reid S. Walker
G. Stacy Smith
Patrick P. Walker

Item 2(b). Address of Principal Business Office or, if none, Residence:

 300 Crescent Court, Suite 1111
 Dallas, Texas 75201

Item 2(c). Citizenship:
 WS Capital, L.L.C.: Texas
 WS Capital Management, L.P.: Texas
 WSV Management, L.L.C.: Texas
 WS Ventures Management, L.P.: Texas
 Reid S. Walker: United States
 G. Stacy Smith: United States
 Patrick P. Walker: United States

Item 2(d). Title of Class of Securities:
Common stock, par value $0.01 per share

Item 2(e). CUSIP Number: 228834107

Item 3. Not Applicable.

Item 4. Ownership:

(a) Amount Beneficially Owned:
 WS Capital, L.L.C. 1,716,600*
 WS Capital Management, L.P. 1,716,600*
 WSV Management, L.L.C. 712,950*
 WS Ventures Management, L.P. 712,950*
 Reid S. Walker 2,429,550*
 G. Stacy Smith 2,429,550*
 Patrick P. Walker 712,950*


(b) Percent of Class:
 WS Capital, L.L.C. 0.9%*
 WS Capital Management, L.P. 0.9%*
 WSV Management, L.L.C. 0.4%*
 WS Ventures Management, L.P. 0.4%*
 Reid S. Walker 1.2%*
 G. Stacy Smith 1.2%*
 Patrick P. Walker 0.4%*


(c) Number of shares as to which such person has:

 (i) sole power to vote or to direct the vote:

 WS Capital, L.L.C. 0*
 WS Capital Management, L.P. 0*
 WSV Management, L.L.C. 0*
 WS Ventures Management, L.P. 0*
 Reid S. Walker 0*
 G. Stacy Smith 0*
 Patrick P. Walker 0*

(ii) shared power to vote or to direct the vote:

WS Capital, L.L.C. 1,716,600*
WS Capital Management, L.P. 1,716,600*
WSV Management, L.L.C. 712,950*
WS Ventures Management, L.P. 712,950*
Reid S. Walker 2,429,550*
G. Stacy Smith 2,429,550*
Patrick P. Walker 712,950*

(iii) sole power to dispose or to direct the disposition of:

WS Capital, L.L.C. 0*
WS Capital Management, L.P. 0*
WSV Management, L.L.C. 0*
WS Ventures Management, L.P. 0*
Reid S. Walker 0*
G. Stacy Smith 0*
Patrick P. Walker 0*

(iv) shared power to dispose or to direct the disposition of:

WS Capital, L.L.C. 1,716,600*
WS Capital Management, L.P. 1,716,600*
WSV Management, L.L.C. 712,950*
WS Ventures Management, L.P. 712,950*
Reid S. Walker 2,429,550*
G. Stacy Smith 2,429,550*
Patrick P. Walker 712,950*

* See footnote to cover pages.

Item 5. Ownership of Five Percent or Less of a Class:

If this statement is being filed to report the fact that as of the date hereof the reporting person ceased to be the beneficial owner of more than five percent of the class of securities, check the following
[X].

Item 6. Ownership of More than Five Percent on Behalf of Another Person:

Not applicable.

Item 7. Identification and Classification of Subsidiary Which Acquired the Securities:

Not applicable.

Item 8. Identification and Classification of Members of the Group:

Not applicable.

Item 9. Notice of Dissolution of Group:

Not applicable.

Item 10. Certification:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

February 17, 2009

WS CAPITAL, L.L.C.

By: /s/ Reid S. Walker
 ---------------------------------------------
 Reid S. Walker, Member

WS CAPITAL MANAGEMENT, L.P.

By: WS Capital, L.L.C., its general partner

By: /s/ Reid S. Walker
 ---------------------------------------------
 Reid S. Walker, Member

WSV MANAGEMENT, L.L.C.

By: /s/ Reid S. Walker
 ---------------------------------------------
 Reid S. Walker, Member

WS VENTURES MANAGEMENT, L.P.

By: WSV Management, L.L.C., its general partner

By: /s/ Reid S. Walker
 ---------------------------------------------
 Reid S. Walker, Member



 /s/ Reid S. Walker
 -----------------------------------------
 REID S. WALKER



 /s/ G. Stacy Smith
 -----------------------------------------
 G. STACY SMITH



 /s/ Patrick P. Walker
 -----------------------------------------
 PATRICK P. WALKER

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)


EXHIBIT 1

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them a Statement on Schedule 13G (including amendments thereto) with regard to the common stock of CRUSADER ENERGY GROUP INC. and further agree that this Joint Filing Agreement be included as an Exhibit to such joint filings. In evidence thereof, the undersigned, being duly authorized, hereby execute this Joint Filing Agreement as of March 26, 2008.

WS CAPITAL, L.L.C.

By: /s/ Reid S. Walker
 ---------------------------------------------
 Reid S. Walker, Member

WS CAPITAL MANAGEMENT, L.P.

By: WS Capital, L.L.C., its general partner

By: /s/ Reid S. Walker
 ---------------------------------------------
 Reid S. Walker, Member

WSV MANAGEMENT, L.L.C.

By: /s/ Reid S. Walker
 ---------------------------------------------
 Reid S. Walker, Member

WS VENTURES MANAGEMENT, L.P.

By: WSV Management, L.L.C., its general partner

By: /s/ Reid S. Walker
 ---------------------------------------------
 Reid S. Walker, Member



 /s/ Reid S. Walker
 -----------------------------------------
 REID S. WALKER



 /s/ G. Stacy Smith
 -----------------------------------------
 G. STACY SMITH



 /s/ Patrick P. Walker
 -----------------------------------------
 PATRICK P. WALKER

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