Lucas Energy is a publicly traded company that is engaged in the development of oil and gas properties. The company maintains more than 30 properties that are spread over an area of nearly 10,000 acres. Lucas Energy holds approximately 1.5 million barrels of oil in more than 20 wells. The company also operates a lateral drilling program that focuses on the exploration of oil from over eight wells. Founded in 2004, Lucas Energy s properties are located along the Austin Chalk region in Gonzales, Wilson and Karnes counties in Texas. The company uses a 3-D seismic technology to undertake exploration activities.