The well will be put on production and flowing, to recover oil and a portion of the load water.
The company said it believes that the well will meet, or exceed, its expectations of a 500bopd initial test potential and will increase its net production, cash flow from producing wells, and net proved producing reserves significantly.
Lucas Energy has a 15% carried working interest in the two Hilcorp operated Hagen EF wells.
If the two wells perform as anticipated, then Lucas’ net production will increase by approximately 150bopd before payment of royalty, the company said.
