Lucas

Lucas Energy Inc. said it has received $4.5 million in gross proceeds from a stock sale, part of a series of transactions the company committed to last April to secure up to $15 million to fund its future growth initiative.

Lucas Energy Inc. said one of its subsidiaries has secured a $1 million loan, which it will use to participate in drilling and completing a pair of wells in the Eagle Ford Shale.

Houston-based Lucas Energy Inc. is entering the Midcontinent by acquiring working interests in producing properties and undeveloped acreage, mainly in Central Oklahoma’s Hunton formation, in a cash, debt and equity deal. The company plans to rebrand itself as Camber Energy Inc. following completion of the acquisition. Shares soared on the news Thursday.

U.S. onshore operators Lucas Energy Inc. and Victory Energy Corp. have canceled their merger plans, and the two sides are working toward finalizing terms for a mutual settlement and release agreement.

U.S. onshore operators Lucas Energy Inc. and Victory Energy Corp. have canceled their merger plans, and the two sides are working toward finalizing terms for a mutual settlement and release agreement.

One month after announcing their intention to merge, Houston-based Lucas Energy Inc. said it has entered into separate collaboration and funding agreements with Austin, TX-based Victory Energy Corp.

Consol Energy Inc. said Thursday it has too much of a good thing — natural gas — and low prices will lead to reduced spending and well drilling in the Marcellus Shale this year.