Lucas has acquired a producing 240 acre lease in Wilson County, Texas along the Eagle Ford trend. There are two wells on the lease producing from the Austin Chalk formation. Lucas acquired the lease from a privately owned oil and gas company in the area and has 100% leasehold interest with no partner, at present.
William A. Sawyer, President and CEO of Lucas Energy, said, "This acquisition is a continuing part of our business plan to acquire producing, shut in, or abandoned oil properties with underlying potential in the Eagle Ford or Buda formations."
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