Lucas to drill on acquired Texas acreage

Aug. 31, 2006
Lucas Energy Inc., Houston, plans to begin drilling several wells this year on 2,000 net producing acres it has acquired from Wilson Oil & Gas in Gonzales and Karnes counties, Tex.

By OGJ editors
HOUSTON, Aug. 31 -- Lucas Energy Inc., Houston, plans to begin drilling several wells this year on 2,000 net producing acres it has acquired from Wilson Oil & Gas in Gonzales and Karnes counties, Tex.

Lucas paid $2.2 million plus restricted shares worth $550,000 for properties on which nine wells now are on production.