Lucas Acquires Additional Acreage in Eagle Ford Play


East Texas Austin Chalk Play
(Click to Enlarge)

Lucas has acquired approximately 2,000 additional acres in the Eagle Ford - Austin Chalk Trend area. The acquisitions, from several parties, includes 9 wells, some of which are producing. A workover rig has already been employed to improve production on some wells, and to put some wells back on production.

William A. Sawyer, President and Chief Executive Officer of Lucas Energy, said, "The acquisitions continue our business plan model to acquire and re-enter old wells and put them back on production. Instrumental in the plan is the acquisition of wells, and leases, which have upside potential in the Eagle Ford and Buda formations."

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Load Planner/ Dispatcher Frac Sand
Expertise: Dispatcher|Project Management
Location: Mansfield, TX
 
United States Houston: Marketing Specialist
Expertise: Business Development|Marketing|Sales
Location: Houston, TX
 
Intelligence & Risk Assessment Analyst
Expertise: Legal|Risk Management
Location: San Ramon, CA
 
search for more jobs

Brent Crude Oil : $48.6/BBL 1.12%
Light Crude Oil : $46.34/BBL 1.24%
Natural Gas : $2.9/MMBtu 2.35%
Updated in last 24 hours