- First phase of operations was completed by acquiring forty-three leases totaling 10,000 acres with proven reserves.
- Lucas employs a field-tested process to revitalize under performing assets and add reserves.
- Lucas Energy's test and production improvement process has proven effective with over twenty wells revitalized.
- Lucas generates new lateral prospects through revitalizing vertical wells.
- Engineering and geology work has been completed on a ten well lateral drilling program. The program is now fully funded and has been initiated.
- Lucas has over twenty prioritized lateral drilling locations with proven reserves.
- Lucas has the ability to find and acquire attractive reserves that are overlooked by larger companies.
- Lucas Energy leases sources directly through local landowners and small operators. This intimate knowledge of the area and contacts gives us the advantage.
- Lucas employs a proven test and clean-up/production improvement process to hold leases.
- New equipment is used in order to avoid costly downtime and maintenance.
- Lucas Energy has been cash flow positive since its first operating quarter.
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Lucas Energy Property Pictures
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