Press Releases

LUCAS ENERGY, INC.

Apr 27, 2011 Lucas Energy, Inc. Announces Joint Venture With Seidler Oil & Gas LP
  Lucas Energy, Inc. (NYSE Amex:LEI) (“Lucas”), an independent oil and gas company, announced today that it has entered into a joint venture agreement with Seidler Oil & Gas, LP. Lucas will be the operator under the joint venture relationship, and expects to drill approximately eight (8) new Austin Chalk wells, or new laterals in existing wells, during the 2011 calendar year. This new joint venture will be along standard industry terms, and will relate to both acreage currently held by Lucas, and newly acquired acreage.  continued…
Apr 21, 2011 Lucas Energy, Inc. Announces Wellhead Oil Price Increase
  Lucas Energy, Inc. (NYSE Amex:LEI) (“Lucas”), an independent oil and gas company, reported today that the price received for crude from its major purchaser climbed to $96.10 per bbl for the month of March 2011 for the Gonzales County, Texas area. The price received for crude for same month for the East Texas properties was $112.28 per bbl.   continued…
Apr 20, 2011 Lucas Energy, Inc. Announces Overall Production Increase From Operated Wells
  Lucas Energy, Inc. (NYSE Amex:LEI) (“Lucas”), an independent oil and gas company, reported today that production for the 4th quarter 2010-11 (January 2011 through March 2011) was up approximately 15% over the production for the 3rd quarter 2010-11 (October 2010 through December 2010). In the 4th quarter, Lucas had gross production of 19,898 bbls of oil as compared to 17,343 bbls of oil in the 3rd quarter. Improvement in production during the 4th quarter was due to workovers, improved trucking, and field operational changes. This is gross production from the wells and not net to the interest of Lucas (after royalty and joint venture partners interests). Also, these figures are for wells only operated by Lucas, and do not include the production from the Hilcorp operated Hagen Eagle Ford wells. Further, sales may differ from production, and will be reported in the Annual Report on Form 10-K for the fiscal year ended March 31, 2011.  continued…
Apr 1, 2011 Lucas Energy, Inc. Announces Wilson County Joint Venture With Subsidiary of Marathon Oil Corporation
  Lucas Energy, Inc. (NYSE Amex:LEI) (“Lucas”), an independent oil and gas company, reported today that Lucas has entered into a Joint Venture agreement with Marathon Oil (East Texas) LP, a subsidiary of Marathon Oil Corporation (NYSE:MRO), for the development of the Eagle Ford and Buda formations in Wilson County, Texas. The Marathon affiliate has acquired 50% of the leasehold interest rights, representing approximately 1,000 net acres (below the base of the Austin Chalk formation) held by Lucas in a majority of Lucas’ leases in Wilson County, Texas. Marathon Oil Corporation’s subsidiary will be the operator of the joint venture, but Lucas will still own and operate rights above the Eagle Ford, primarily the Austin Chalk formation.  continued…
Mar 29, 2011 Lucas Energy, Inc. Announces Production Results for Mills Oil Unit No.1 Well
  Lucas Energy, Inc. (NYSE Amex:LEI), an independent oil and gas company, reported today that the Mills Oil Unit No.1 well will average more than 100 barrels of oil per day (BOPD) for the month of March 2011. For the month of February 2011, the well averaged more than 50 BOPD but was off-line for several days due to repairs and the conversion of the prime mover for the pumping unit to electricity. The well is completed in the Austin Chalk formation as a horizontal completion.  continued…
Mar 15, 2011 Lucas Energy, Inc. Announces Completion of ARCO Fee A-908 No.1 Gas Well
  Lucas Energy, Inc. (NYSE Amex:LEI), an independent oil and gas company, reported today that the Company has acquired an interest in the ARCO Fee A-908 No.1 well from an independent operator. The well was shut in at the time of the acquisition, and Lucas Energy put the well back on production as a gas well. Production for the month of January 2011 (only a partial month of production) was 5,791 thousand cubic feet (MCF) of gas and 371 barrels (bbls) of condensate. The well is producing from the Austin Chalk formation.  continued…
Mar 2, 2011 Lucas Energy, Inc. Announces Completion of Hilcorp Operated Hagen EF No.2H Eagle Ford Horizontal Well
  Lucas Energy, Inc. (NYSE Amex:LEI), an independent oil and gas company, reported today that the Hilcorp Energy Company operated Hagen EF No.2H Eagle Ford horizontal well has been fracture stimulated, completed, and tested. The well will be put on production, flowing, to recover oil and a portion of the load water. After a few weeks, the well may be put on artificial lift. Lucas believes that the well will meet, or exceed, its expectations of a 500 BOPD IP (initial test potential) and will increase the Company’s net production, cash flow from producing wells, and net proved producing reserves significantly.  continued…
Mar 2, 2011 Lucas Energy, Inc. Announces Completion of Hilcorp Operated Hagen EF No.2H Eagle Ford Horizontal Well
  Lucas Energy, Inc. (NYSE Amex:LEI), an independent oil and gas company, reported today that the Hilcorp Energy Company operated Hagen EF No.2H Eagle Ford horizontal well has been fracture stimulated, completed, and tested. The well will be put on production, flowing, to recover oil and a portion of the load water. After a few weeks, the well may be put on artificial lift. Lucas believes that the well will meet, or exceed, its expectations of a 500 BOPD IP (initial test potential) and will increase the Company’s net production, cash flow from producing wells, and net proved producing reserves significantly.  continued…
Feb 17, 2011 Lucas Energy Provides Investor Update
  Lucas Energy, Inc. (NYSE Amex:LEI), an independent oil and gas company, today reported that its’ CEO, Mr. William A. Sawyer, has responded to investor questions about the Lucas recent Form 10-Q filing on both MoneyTV.net with Don Baillargeon and The Bill Chippas radio show. Video and sound clips from the broadcasts have been made available to the investment community on the Lucas website and on the individual show websites.  continued…
Feb 10, 2011 Lucas Energy Reports Eagle Ford Well Test Results
  Lucas Energy, Inc. (NYSE Amex:LEI), an independent oil and gas company, today reported that Hilcorp Energy Company is flowing back the Hagen EF No.1H well in Gonzalez County, Texas. An Eagle Ford horizontal completion, the well has tested as much as 350 BOPD of light sweet crude during the flow back period. The well is producing oil in commercial quantities with the load water being recovered. To date, the Hagen EF No.1H well has produced more than 2,600 bbls of crude oil.  continued…
Jan 25, 2011 Lucas Energy Enters Into Letter of Intent and Partially Funds Oil and Gas Acquisition of Up to $20.5 Million
  Lucas Energy, Inc. (NYSE Amex:LEI), an independent oil and gas company, has entered into a letter of intent which provides it rights to buy up to a 77.5% interest in and operatorship of the Hospah field from a private company for an aggregate of $20.5 million. Lucas funded the purchase of an undivided 7.56% interest in the property for $2 million, and plans to purchase the balance of the interests, subject to funding.  continued…
Jan 20, 2011 Lucas Energy, Inc. Provides Update on Hilcorp Operated Hagen EF No.1H Eagle Ford Horizontal Well
  Lucas Energy, Inc. (NYSE Amex:LEI), an independent oil and gas company, reported today that the Hilcorp Energy Company operated Hagen EF No.1H Eagle Ford horizontal well is expected to be brought into production within the next two weeks. Fracture stimulation of the well is complete and the new horizontal well responded well to the treatment. Additional information will be available in the next few weeks.  continued…
Jan 13, 2011 Lucas Energy Clarifies Ticker Symbol
  Lucas Energy, Inc. (NYSE Amex:LEI), an independent oil and gas company, clarified today that it has no relationship with Leighton Holdings Ltd (ASX:LEI) out of Australia.  continued…
Jan 11, 2011 Lucas Energy Provides Shareholder Voting Results
  Lucas Energy, Inc. (NYSE:LEI), an independent oil and gas company, released the results of proxy voting by shareholders completed yesterday.  continued…
Jan 10, 2011 Lucas Energy Board Approves $6 Million 2011 Capital Budget
  Lucas Energy, Inc. (NYSE:LEI), an independent oil and gas company, reported today that its directors have approved a record level $6 million capital expenditure budget for 2011.  continued…
Jan 5, 2011 Lucas Energy Encourages Shareholders to Vote for Growth Initiatives
  Lucas Energy, Inc. (NYSE Amex:LEI), an independent oil and gas company, is encouraging its many shareholders in North America and overseas to vote their proxies before the annual shareholder meeting January 10, 2011.  continued…
Jan 4, 2011 Lucas Energy Closes $6 Million Financing
  Lucas Energy, Inc. (NYSE Amex:LEI), an independent oil and gas company, closed on its previously announced $6 million financing, to a select group of institutions and Hall Phoenix Inwood Ltd., an affiliate of Hall Phoenix Energy, LLC. Hall Phoenix Energy is a joint venture partner with Lucas in the Eagle Ford trend in South Texas. continued…
   

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