Lucas Energy Spuds Hagen Ranch Well
Lucas Energy announced Thursday it has spudded (commenced drilling) at the Hagen Ranch No.4H well in Gonzales County, Texas.
The Hagen Ranch No.4H well will be a horizontal well in the Austin Chalk formation. The well is on the same lease as the two Hilcorp Oil Company drilled, but now Marathon Oil Company operated, Hagen EF No.1H and No.2H wells producing from the Eagle Ford formation.
The Hagen Ranch No.4H well is being drilled with joint venture partners such as Seidler Oil and Gas.
"This is a continuation of our 2011-12 horizontal drilling program in the Austin Chalk formation designed to improve our operated production and our net revenue," said William A. Sawyer, President and Chief Executive Officer of the Company.
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