Lucas Energy Acquires Eagle Ford Trend Acreage From Hall Phoenix Energy for $6.4 Million
Lucas Energy, Inc. (NYSE: LEI) an independent oil and gas company, today announced it has closed a purchase and sale transaction with Hall Phoenix Energy, LLC, whereby the Company purchased all of Hall Phoenix's right, title and interest in certain oil, gas, and mineral leases in the Eagle Ford/Eaglebine/Austin Chalk Trend effective December 1, 2011. The properties are located in Wilson, Leon and Madison Counties, Texas.
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