Lucas Energy Re-Enters Austin Chalk Well
Lucas Energy spudded the Milton Hines No.1 well, a re-entry with a new lateral in the Austin Chalk formation. Drilling began on February 26, 2010. The new Austin Chalk lateral well is an offset to the successful Hagen No.3 well in which a new Austin Chalk lateral was drilled in 2008. The Hagen No.3 well tested 160 BOPD when completed without stimulation. The new well is being drilled with a joint venture partner.
William A. Sawyer, President and CEO of Lucas Energy, said: "We are continuing our 2009-III Joint Venture with a new lateral in an old re-entry well. Lucas Energy, Inc. is committed to keeping with its business plan of doing what we do best -- putting old wells back on production."
- Lucas Energy To Farm Out Eagle Ford Acreage (Mar 26)
- Lucas Energy, Nordic Oil Terminate $22 Million Agreement (Apr 02)
- Lucas Completes HZ Tx. Well in Austin Chalk Formation (Feb 08)