|
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.
|
