September 14, 2009 (FinancialWire) — Lucas Energy, Inc. (NYSE AMEX: LEI) an independent oil and gas company based in Houston, Texas, announced the commencement of drilling the Ervin et al No.1 well, Gonzales County, Texas, a deepening of a horizontal Austin Chalk well plugged back last year.

The well was spudded on August 24, 2009 and is expected to be drilled down to total depth within two weeks. The lateral in the Austin Chalk was plugged back last year in anticipation of this deepening. The well will be cleaned out to the top of the plug back cement plug and drilled straight down to the lower intervals (Austin Chalk, Eagleford Shale, and Buda). This well is a part of a joint venture program involving Lucas Energy, Inc., as operator, and two other non-operator working interest owners, one of which purchased an eighty percent BPO (before payout) working interest in the subject well.

Lucas operates twenty-two wells in Gonzales County, Texas. Lucas, recently, re-entered two other wells in this area, the Norris No.1 well and the Mills Oil Unit No.1 well. The Norris No.1 well has been completed and tested 99 BOPD flowing. The Mills Oil Unit No.1 well is awaiting installation of a pumping unit to test the well.

William A. Sawyer, president and CEO of Lucas Energy, said “Lucas Energy, Inc. has moved ahead in this quarter toward the completion of Phase I of our operational business plan. With oil prices at $67 per bbl now and headed into the $70 per bbls range for the next quarter, we are looking forward to a good fiscal 2nd quarter financially.”

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