FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * GRAY EVERETT WILLARD II   2. Issuer Name and Ticker or Trading Symbol CROSS BORDER RESOURCES, INC. [XBOR] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) CEO & Vice Chairman (Last) (First) (Middle) 3300 N. "A" STREET, BLDG 2, SUITE 218 3. Date of Earliest Transaction (Month/Day/Year) 09/10/2009 (Street) MIDLAND, TX 79705 4. If Amendment, Date Original Filed(Month/Day/Year) 09/18/2009 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Shares of Common Stock 09/10/2009   S   5,000 D $ 0.476 6,107,440 (1) (2) (7) I held by WS Oil & Gas Limited Shares of Common Stock 09/10/2009   S   15,000 D $ 0.466 6,092,440 (1) (3) (7) I held by WS Oil & Gas Limited Shares of Common Stock 09/10/2009   S   50,000 D $ 0.468 6,042,440 (1) (4) (7) I held by WS Oil & Gas Limited Shares of Common Stock 09/11/2009   S   11,000 D $ 0.472 6,031,440 (1) (5) (7) I held by WS Oil & Gas Limited Shares of Common Stock 09/11/2009   S   20,000 D $ 0.468 6,011,440 (1) (6) (7) I held by WS Oil & Gas Limited

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
GRAY EVERETT WILLARD II 3300 N. "A" STREET, BLDG 2, SUITE 218 MIDLAND, TX 79705	X		CEO & Vice Chairman

Signatures

Everett Willard Gray, II		03/22/2011
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(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).
(1)	The Reporting Persons' holding have been adjusted to reflect the completion of a 5-for-1 forward split of the Issuer's common stock effective September 14, 2009 (the "Forward Split").
(2)	The amounts on a non-Forward Split basis are as follows: the Reporting Person sold 1,000 shares of the Issuer's common stock at a price of $2.38 per share. Following the transaction, the Reporting Person held 1,221,488 shares of the Issuer's common stock.
(3)	The amounts on a non-Forward Split basis are as follows: the Reporting Person sold 3,000 shares of the Issuer's common stock at a price of $2.33 per share. Following the transaction, the Reporting Person held 1,218,488 shares of the Issuer's common stock.
(4)	The amounts on a non-Forward Split basis are as follows: the Reporting Person sold 10,000 shares of the Issuer's common stock at a price of $2.34 per share. Following the transaction, the Reporting Person held 1,208,488 shares of the Issuer's common stock.
(5)	The amounts on a non-Forward Split basis are as follows: the Reporting Person sold 2,200 shares of the Issuer's common stock at a price of $2.36 per share. Following the transaction, the Reporting Person held 1,206,288 shares of the Issuer's common stock.
(6)	The amounts on a non-Forward Split basis are as follows: the Reporting Person sold 4,000 shares of the Issuer's common stock at a price of $2.34 per share. Following the transaction, the Reporting Person held 1,202,488 shares of the Issuer's common stock.
(7)	This amendment is being filed to correct an overstatement of 250,000 shares in the amount of securities beneficially owned by the Reporting Person following the reported transactions (Column 5 of Table I). Other than the correction noted above, there were no changes to the disclosure in this Form 4/A.

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