Hall Phoenix Energy has acquired the deep rights (Eagle Ford formation and below) in acreage operated by oil and gas company Lucas Energy in Wilson County, Texas.

Hall Phoenix acquired various working interests from 50% up to 80% from a third party joint venture partner of Lucas, and the seller sought to raise cash and reduce its capital exposure for the future.

The sale did not affect either the shallow rights (Austin Chalk formation and above), nor any of the interests owned by Lucas.

Hall Phoenix is a privately owned oil and gas company located in the Dallas, Texas area, and it is also a shareholder in Lucas.