Hilcorp Completes Second Well on Hagen Lease
Lucas Energy today announced that its joint venture operating partner, Hilcorp Energy Company, has completed drilling the Hagen EF No.2H, the second Eagle Ford horizontal well on the Hagen Lease in Gonzales County, Texas. Completion and stimulation of both wells is expected to take place in late December 2010 or early January 2011. Lucas has a 15% carried working interest in both wells, 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, "Production is anticipated to commence in January 2011 with revenues commencing in February 2011. This is a milestone in our Eagle Ford horizontal program." For more information on this and other activities of the Company, visit the Lucas Energy web site at www.lucasenergy.com.
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