Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/lucas-energy-to-acquire-hunton-properties.shtmlLucas Energy to acquire Hunton properties
Lucas Energy, Inc. has signed a purchase agreement to acquire, from 21 different entities and individuals, working interests in producing properties and undeveloped
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Lucas Energy, Inc. has signed a purchase agreement to acquire, from 21 different entities and individuals, working interests in producing properties and undeveloped acreage.
The assets being acquired include varied interests in two largely contiguous acreage blocks in the liquids-rich Mid-Continent region.
The properties currently produce in excess of 1,200 net barrels of oil equivalent per day (BOE/d), of which 53% are liquids from 114 producing wells. The bulk of the production is from the Hunton formation holding approximately 43,000 gross acres (9,900 net acres) in central Oklahoma.
