Lucas Energy Announces Receiving Oil Prices Over $100 Per Barrel for March 2012
Lucas Energy, Inc. (NYSE: LEI) today announced that the Company's oil prices received for operated production in its core area around Gonzales County, Texas for the month of March 2012, ranged from $101 per bbl (barrel) to $107 per bbl. These prices were greater than the refinery posted prices for West Texas Intermediate (WTI) for the month of March 2012, and more in line with the closing New York Mercantile Exchange (NYMEX) price for the month of March 2012. The price received by Lucas for oil produced from outside operated Eagle Ford wells was up to $115 per bbl.
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