The company is now drilling the well with joint venture partners and this well is a new lateral from an old horizontal well in the Austin Chalk formation.
The well is on the same lease as the two Hilcorp Oil drilled, but now Marathon Oil operated, Hagen EF No.1H and No.2H wells producing from the Eagle Ford formation.
Lucas Energy president and CEO William Sawyer said the company continues to drill new Austin Chalk horizontal wells and new laterals from older wells.
"This is a continuation of our business plan to develop the underlying potential of our leases," Sawyer said.
