Leases

Lucas Acreage Position

The primary acreage assets of Lucas Energy, Inc. (“Lucas”) are located about one hour southeast of San Antonio, Texas, in, and around, the historic town of Gonzales, Texas. Lucas has a gross acreage position of approximately 15,000 acres in four Texas counties – Gonzales, Wilson, Karnes, and Atascosa. In Gonzales County, Lucas owns most of the rights above the base of the Austin Chalk formation; but is limited to 15% of the leasehold in the Eagle Ford and Buda formations. There is a temporary exception on several leases that Lucas still owns 100% of the leasehold interest on, as the acreage has not yet been conveyed to the Hilcorp joint venture. Additional information will be made available in the near future as to the exact acreage position in each county.