3555 Timmons Lane, Suite 1550
Houston, TX 77027
Lucas Energy, Inc. is a publicly traded oil and gas company on the NYSE Amex with the symbol LEI. The Company acquires low producing, shut in, or abandoned oil wells with underlying potential. Currently, Lucas Energy has acreage in the fast growing Eagle Ford Trend in Central Texas near San Antonio. Lucas has not departed from it base business plan of (1) acquiring wells at a low cost, (2) improving production in the wells, and (3) developing the underlying upside potential with joint venture partners.
Anthony Schnur, CEO
John Vise, Controller
David Fehn, Land Manager Wells
Lucas Energy, Inc. controls 75 well bores in Texas which are either producing, shut in, or abandoned. The business plan of the company is to put old wells back on production; and Lucas keeps an inventory of leases with either shut in or abandoned wells to accomplish this business plan. The most recent acquisition was the Pfeil No.1 well in Wilson County, Texas. During the first quarter of the fiscal year (April 1, 2010 through June 30, 2010), Lucas acquired several properties with both producing and shut in wells. Specific information on the acquisition will be available on this web site. Leases
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.