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."
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