Lucas Energy, Inc. (LEI) is “One to Watch”
Lucas Energy, Inc. is focused on acquiring low producing, shut in, or abandoned oil wells with underlying potential. Currently, the company has acreage in the fast growing Eagle Ford Trend in Central Texas near San Antonio. Lucas Energy's business strategy includes acquiring wells at a low cost, improving production in the wells, and developing the underlying upside potential with joint venture partners. Lucas Energy operates forty-nine producing wells that produced an average of 194 gross and 114 net barrels of oil per day (“BOPD”) during the six months ended September 30, 2010. In total, Lucas holds interests in fifty-two producing,…