Lucas Energy Adds 5,500 Eagle Ford – Eaglebine Acres

Lucas Energy purchased 5,500 acres of mineral leases prospective for the Austin Chalk, Eagle Ford and Eaglebine formations this week from Hall Phoenix Energy. The company bought the leases with $6.4 million of convertible stock. 1,300 acres are located in Wilson County, TX and the remaining acreage likely falls in the northern portion of the Eagle Ford region where the Eaglebine is prospective. [Read more…]

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