Lucas Energy, an independent oil and gas company based in Houston, Texas, has said that its joint venture operating partner, Hilcorp Energy Company, has permitted the Hagen EF No 1H well in Gonzales County, Texas.
Lucas has a 15% carried (no capital cost to Lucas) working interest in this first well, which is planned to be spudded by 1 November 2010.
The permit is for a 4,500ft lateral in the Eagle Ford formation.
Lucas Energy president and CEO William Sawyer said that the day has arrived that the company is moving towards Eagle Ford production, which should make a significant increase in the company’s production.