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Balance Sheet Cash Flow Statement 3000 Richmond Ave., Ste. 400 Houston, TX 77098-3111 TX Tel. 713-528-1881 |
Type: Public
On the web:
http://www.lucasenergy.com
Employees:
4
Employee growth: (20.0%)
Lucas Energy puts a good amount of energy into drilling. The independent crude oil and gas company owns and operates about 35 production wells and holds more than 1.5 million barrels of oil in proved reserves. Its operations are spread over some 11,000 acres primarily in the Austin Chalk region of Texas. The company leases its well-producing properties from local landowners and small operators and is building up its reserve base by acquiring and re-drilling older or underperforming wells that have been overlooked by larger oil and gas companies. Most of Lucas Energy's revenue comes from sales of crude oil to customers such as Gulfmart and Texon, with the remainder derived from natural gas sales.
Key numbers for fiscal year ending March, 2009:
Sales: $3.4M
One year growth: 9.8%
Net income: ($2.1)M
Officers:
Chairman: Fred Hofheinz
President and CEO: William A. Sawyer
CFO and Treasurer: Don L. Sytsma
Competitors:
Cabot Oil & Gas
Cano Petroleum
Mexco Energy
