Lucas Energy, Inc. (LEI) Puts Strategic Vision into Motion
Houston-based Lucas Energy, Inc. (NYSE MKT: LEI) is an asset-rich, independent oil and gas company developing significant acreage positions in the Eagle Ford and Austin Chalk resource plays in South Texas. Since 2013, the company has undergone significant corporate changes that included the restructuring of its management team, capital structure and overarching strategic vision. A look at where the company is now positioned shows the fruits of those alterations. Lucas Energy currently has working interests spanning more than 10,000 net acres in South Texas with proved reserves valued at $112 million, in addition to probable reserves of approximately $60 million,…