Exploration & Production | Quarterly / Earnings Reports
Lucas Boosts Austin Chalk, Eagle Ford Ops in 'Pivotal' Quarter
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Lucas Energy, Inc. has reported its fiscal 2014 second quarter and year to date results for the three and six month periods ending September 30, 2013.
Anthony C. Schnur, Lucas Energy's Chief Executive Officer, stated, "From an operational standpoint, this was a pivotal quarter for the Company. During the quarter, we completed two financing transactions that allowed us to initiate our well cleanout program in the Austin Chalk. We are very pleased with the results of the program, which boosted our net average daily production by almost 40%. We expect to have production results on a recently-completed lateral well extension in the Chalk shortly, and we have moved to our second Austin Chalk location.
"As we have said before in previous disclosures, we plan to take a methodical approach…
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