Lucas Energy announced the commencement of drilling the Norris No.1 well, Gonzales County, Texas, a re-entry of a vertical Austin Chalk well originally drilled down to the Buda and Georgetown formations.
The well was spudded on August 10, 2009 and is expected to be drilled down to total depth within the next few days. After drilling out the cement plugs in the casing, the well will be cleaned out to total depth and the lower intervals (Eagleford Shale, Buda, and Georgetown) will be tested. If the lower intervals are noncommercial, the Austin Chalk interval will be perforated and acidized. This well is a part of a joint venture program involving Lucas Energy, Inc., as operator, and two other non-operator working interest owners, one of which purchased an eighty percent BPO (before payout) working interest in the subject well.
Lucas operates twenty-two wells in Gonzales County, Texas. Of these, seven are vertical wells completed in the Austin Chalk and Buda formations. The Company's wells are in the new Eagleford Shale trend now being explored to the Northeast and Southwest of Gonzales County, Texas. Another well in the joint venture program, the Mills Oil Unit No.1, was spudded on August 4, 2009 and is expected to be completed within the next week.
William A. Sawyer, President and CEO of Lucas Energy, said, "Lucas Energy, Inc. has been leasing acreage and buying up wells in Gonzales County, Texas for several years. This joint venture program is the formula for proving up our acreage position and developing new reserves."
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