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Lucas Energy, Inc. is an independent crude oil and gas company
building a diversified portfolio of valuable oil and gas assets in the
U.S. The company is focused on identifying under performing and shut-in
oil and gas assets, primarily in Gonzales County, Texas, which are
revitalized through a carefully controlled process of evaluation,
application of production enhancement technology, and stringent
management controls. This process allows the company to increase its
reserve base, production and cash flow while significantly reducing the
risk of traditional exploration projects. Lucas Energy's financial
structure allows it to minimize the high overhead of conventional
E&P companies.
Lucas Energy, Inc. was founded in
2004 and began operations with the acquisition of two wells in the
Pilgrim Field in Gonzales County Texas. The Company became a publicly
traded entity in June of 2006 via a reverse merger and began trading on
the NASDAQ OTC Bulletin Board. Lucas Energy moved to the American Stock
Exchange in February, 2008 where it currently trades.
Since
2004, Lucas Energy has acquired 61 properties encompassing over 15,000
acres in Texas. The company now holds more than 1.5 million barrels of
proven oil reserves associated with 26 producing wells and 21 PUD
reserve locations which are proposed new laterals out of existing well
bores. By applying strict fiscal controls, the management team has
achieved and maintained profitability since inception.
See more at «Management Team Bios» & «Directors» pages.
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