Lucas Energy Announces May 2011 Production of Oil and Gas
Lucas Energy, Inc. (NYSE Amex:LEI) an independent oil and gas company (the "Company" or "Lucas"), today announced that the Company had gross production, from operated wells, in May 2011 of nearly 8,000 bbls of oil and over 4.6 MMCF of natural gas. This production does not include oil and gas production from the two Eagle Ford wells operated by Hilcorp Energy. Lucas is anticipating increasing operated gross production this year due to the new drilling program that includes the Rainey Unit No.1H well currently drilling as a new horizontal well in the Austin Chalk formation. The Company is planning at least three new Austin Chalk horizontal wells, and three new Austin Chalk laterals from old well bores. The outside operated Eagle Ford program is anticipated to add another two to three wells.
- Published: 15 July 2011
- Written by Editor