What does LEI mean in ENERGY
Lucas Energy, Inc. (LEI) is a publicly traded energy company based in Houston, Texas. The company is focused on the acquisition and development of oil and natural gas properties in the U.S., with a focus on improving production and reserve growth through acreage acquisitions, exploration opportunities, enhanced recovery methods and use of advanced technologies. LEI also trades on the New York Stock Exchange under the symbol LEI.
LEI meaning in Energy in Governmental
LEI mostly used in an acronym Energy in Category Governmental that means Lucas Energy Inc
Shorthand: LEI,
Full Form: Lucas Energy Inc
For more information of "Lucas Energy Inc", see the section below.
» Governmental » Energy
Company Overview
Lucas Energy features an experienced team of professionals who have broad industry experience in oil and gas operations, investments and corporate management. The company has developed a business model that takes advantage of its decades-long history of experience in the oil and gas industry as well as its unique relationships to deliver value to shareholders. Its approach includes identifying transactions that can help create meaningful long-term value for investors by focusing on resource conversion within proven basins where substantial upside potential exists from evaluation of geological data or new applications of technology deployed at existing fields.
Operations
Lucas Energy operates primarily in Texas and New Mexico. In Texas, LEI's activities focus on two primary regions - South Central Texas (La Salle County), where it holds current producing assets - and West Texas (Gaines County), where it recently acquired additional acreage for future development efforts. In New Mexico, LEI is focused on shallow exploration targets located primarily in Chaves County but has identified other subsurface plays which may contain reserves that could be economic with development activity or further geologic work. Beyond these core activities, Lucas Energy also stands ready to pursue strategic acquisitions as well as opportunistic joint ventures which provide access to established production/reserves or attractive acquisition opportunities elsewhere in the continental United States.
Essential Questions and Answers on Lucas Energy Inc in "GOVERNMENTAL»ENERGY"
What is Lucas Energy Inc.?
Lucas Energy Inc. is a fully-integrated independent oil and gas company engaged in the development of energy projects in the United States through its two subsidiaries, Lucas Drilling Company and Lucas Exploration Company. Its primary focus lies on high-netback production in Texas, primarily from the Eagle Ford Shale formation.
What are the principal products and services offered by Lucas Energy Inc.?
The products offered by Lucas Energy Inc. include oil and natural gas exploration, development, production and related activities such as well drilling, casing, completion and testing. It also provides services that involve site management, well optimization and maintenance, reservoir engineering, regulatory services, land management services and other related support activities.
Where does Lucas Energy Inc. operate?
Primarily focusing on high-netback production in Texas, most of Lucas Energy Inc.'s operations are located within the Eagle Ford Shale formation as well as throughout other regions of the United States at various stages of exploration or development.
How does Lucas Energy Inc. generate revenue?
Through its two subsidiaries — Lucas Drilling Company & Lucas Exploration Company — Lucas Energy Inc. generates revenues primarily through sale of crude oil and natural gas produced from its assets along with providing a range of associated ancillary services to operating gas fields across multiple states in the US.
Who are some of the major partners/competitors for Lucas Energy Inc.?
Amongst several others, some of the major competitors for Lucas Energy include Chesapeake Energy Corporation (CHK), Devon Energy Corp (DVN), Occidental Petroleum Corporation (OXY), Anadarko Petroleum Corporation (APC) etc while ConocoPhillips (COP), Marathon Oil Corporation (MRO) are some among its many partners.
How can I invest in shares of Lucas Energy?
Shares of common stock can be purchased through any registered broker dealer who participates in an active market for trading these stocks or alternatively they can also be bought directly through present shareholders/investors who might offer to buy/sell these shares at certain prices upon a certain degree terms & conditions being met by both parties involved; though that should be made clear & shall remain subject to regulation & supervision by governing authorities depending upon jurisdiction you're based out of.
Are there any recent updates regarding new developments taken up by Lucas Energy?
Yes; recently it has acquired additional acreage from GasGulf LLC in La Salle County which brings total acreage held by them under leasehold position to 11K plus acres with 3MM+ bbls recoverable reserves being estimated within just two formations present here namely Eagle Ford Shale & Austin Chalk; this would ensure increased production alongside enhanced cash flow generation capabilities adding further value to their already established presence amongst leading independent operators across North America.
Final Words:
Lucas Energy continues to look for ways to expand their operations via strategic partnerships or accretive acquisitions while advancing its current projects to increase reserves, enhance production rates and monetize assets effectively for maximum shareholder return. Through experienced management's insight combined with carefully executed projects utilizing cutting-edge technologies Lucas Energy bridges traditional practices with modern efficiencies for optimal results.
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