Exploration & Production
Lucas Energy Increases Production From Austin Chalk Wells
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Lucas Energy, today announced that for the month of March 2012 the Company had average gross production, from operated wells, of 535 BOPD (barrels of oil per day). Gross production for the month of March 2012 was the highest for the fiscal year 2012. The 4thquarter 2012 (January through March 2012) gross operated production averaged 430 BOPD. The last two quarters of 2012, gross operated production averaged 328 BOPD. These numbers do not include oil and gas production from the two Eagle Ford wells operated by an affiliate of Marathon Oil Company.
The goals set by the Company were to reach 500 BOPD of gross operated production, and to average 300 BOPD for the last two quarters of fiscal year 2012. Lucas has accomplished both. The Company anticipates continued growth in gross operated…
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