Lucas Energy, Inc. (LEI) Announces Completion of Acquisition and Related Financings
Lucas Energy, Inc. (NYSE MKT: LEI) earlier today announced that it successfully acquired working interests in producing properties and undeveloped acreage in Texas and Oklahoma, including varied interests in two contiguous acreage blocks in the liquids-rich Mid-Continent region of the U.S., from Segundo Resources LLC ("Segundo") and other sellers. The assets are currently producing over one thousand net barrels of oil equivalent per day (BOE/d), of which 53% are liquids and which are being produced primarily from the Hunton formation. Notably, the company has identified further offset development drilling opportunities and it is planning specific development activities. The day after…







