Lucas Energy Completes Norris No. 1 Well
September 1, 2009 (FinancialWire) — Lucas Energy, Inc. (NYSE: LEI) an independent oil and gas company based in Houston, Texas, announced the completion of the Norris No.1 well, Gonzales County, Texas with an initial potential of 99 BOPD flowing. The Norris No.1 well is a re-entry of a vertical Austin Chalk well originally drilled down to the Buda and Georgetown formations.
The well was spudded on August 10, 2009 and was completed in the Buda formation on August 22, 2009. After drilling out the cement plugs in the casing, the well was cleaned out to the Eagleford Shale and Buda formations. The Norris No.1 well was perforated in the Buda formation and acidized resulting in an initial potential of 99 BOPD at 850 psig flowing tubing pressure.
Lucas is moving forward with its six well workover program in Gonzales County, Texas. The Norris No.1 well, and one other well, the Mills Oil Unit No.1 well, are being tested and awaiting completion of the regulatory filings to put the wells on production.
William A. Sawyer, president and CEO of Lucas Energy, said, “The success of the Norris No.1 well continues to prove us the ability of Lucas Energy, Inc. to create value in old shut in and plugged wells. We continue to make progress in our business plan with the addition of another well completion.”
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