Hilcorp has commenced drilling the Hagen EF No.1H, an Eagle Ford horizontal well in Gonzales County, Texas. Lucas has a 15% carried working interest in this well, which means that Lucas does not have to contribute to the drilling and completion costs.
William A. Sawyer, President and Chief Executive Officer of the Company, said, "This is an exciting time to see our first Eagle Ford well drilling in Gonzales County, Texas. If successful, we believe that this well has the potential to generate a significant increase in the Company's production and revenues."
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