Lucas Energy Farms Out Eagle Ford Acreage for $1 Million

~400 Karnes County Acres Included in Farmout Agreement
Lucas Energy Leasehold Map

Lucas Energy Leasehold Map | Click to Enlarge

Houston-based Lucas Energy announced in March 2014 that it will farm out ~400 Eagle Ford acres to a private independent operator in exchange for $1-million. The acreage is located on the company’s Karnes County leasehold.

Lucas held back on Eagle Ford development in 2013 as it went through a restructuring process. In 2014, company officials indicate the focus has shifted to development.

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