Lucas Energy, Inc. (Lucas) is an independent oil and gas company. The Company is engaged in the acquisition and development of crude oil and natural gas from various known productive geological formations, including the Austin Chalk, Eagle Ford and Buda formations, primarily in Gonzales, Wilson and Karnes Counties south of the city of San Antonio; and the Eaglebine, Buda, and Glen Rose formations in Leon and Madison Counties north of the city of Houston, Texas. The Company has leasehold interests (working interests) in approximately 17,628 gross acres, or 13,314 net acres. The Company�s total net developed and undeveloped acreage as measured from the surface to the base of the Austin Chalk formation was approximately 12,049 net acres. The Company has approximately 3,929 net acres in the Eagle Ford oil window and 1,265 net acres in the Eaglebine, Buda and Glen Rose oil bearing formations. Lucas produces an average of approximately 146 net barrels of oil equivalent per day.