Lucas Energy Shifts Focus
Effective today, Lucas Energy is now Camber Energy, Inc
Related: Lucas Energy Re-Activates Eagle Ford Assets
Lucas Energy, Inc. has made a strategic move from its Eagle Ford roots and is marking the shift with a name change to Camber Energy.
The company says it plans to expand with the addition of shallow oil and gas reserves with longer-lived, lower-risk production profiles.
Camber has also expanded their management team, adding Thomas E. Hardisty as Senior Vice President of Land & Business Development and J. Mark Bunch as Senior Vice President of Engineering & Operations.
Recent company news:
- AUGUST: company announced that its wholly-owned subsidiary, CATI Operating, LLC will borrow $1 million to fund drilling, completion and maintenance projects in the Eagle Ford Shale. The company will enter into a joint operating agreement with Lonestar Resources that will cover over 1,450 gross acres. Lucas will have a 8% -14% working interest in the units.
- OCTOBER: company executives announced the completion of two wells in Karnes County in addition to re-activating their Griffin 1H Austin Chalk well. The first tests on the Griffin 1H is showing production of 55 boe/d after having produced 5 Boe/d prior to shut-in.
- JANUARY: Camber holds more than 10,000 net acres in Gonzales, Karnes and Wilson counties and announces it will purchase approximately twenty thousand (20,000) net mineral acres in the Permian Basin.