HOUSTON, Sept. 25, 2008 (GLOBE NEWSWIRE) -- Lucas Energy, Inc. (AMEX:LEI - News) (``The Company''), a U.S. based independent oil and gas company, announced it began drilling operations on a lateral extension to the Hagen Ranch #3 well in Gonzales County, TX.

The Hagen Ranch #3 well, originally drilled in 1994 and later shut-in due to low oil prices, was acquired by Lucas Energy in 2006 along with 8 other producing wells and 2,000 acres held by production. The well is a horizontal well with crude oil production from the Austin Chalk formation at approximately 8,000'. The Company began the new lateral extension to the southeast, as part of its previously announced lateral program in March of 2008 after plugging an existing lateral to the northwest. Drilling was suspended when the Company encountered virgin reservoir pressure, and began acquiring additional acreage in the area.

Drilling operations began on September 23, 2008 and are expected to take approximately 15 days to reach total depth. When completed the total horizontal length of the extension will be approximately 4,000' through the Austin Chalk. In similar wells the Company has experienced IP (initial production) rates of 100 to 300 bopd (barrels of oil per day). Daily production generally declines to approximately half the IP rates after 30 days and production levels out and holds steady thereafter.

About Lucas Energy

Lucas Energy, Inc. (AMEX:LEI - News) is an independent crude oil and gas company building a diversified portfolio of valuable oil and gas assets in the United States. The company is focused on identifying underperforming oil and gas assets, which are revitalized through an intensive process of evaluation, application of modern well technology, and stringent management controls. This process allows the company to increase its reserve base and cash flow while significantly reducing the risk of traditional exploration projects. The Company's headquarters are located at 3000 Richmond Avenue, Suite 400, Houston, Texas 77098.

The Lucas Energy logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4192

Forward-Looking Statement

This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement identified by the words ``expects,'' ``projects,'' ``plans,'' ``feels,'' ``anticipates'' and certain of the other foregoing statements may be deemed ``forward-looking statements.'' Although Lucas Energy believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this press release. These include risks inherent in the drilling of oil and natural gas wells, including risks of fire, explosion, blowout, pipe failure, casing collapse, unusual or unexpected formation pressures, environmental hazards, and other operating and production risks inherent in oil and natural gas drilling and production activities, which may temporarily or permanently reduce production or cause initial production or test results to not be indicative of future well performance or delay the timing of sales or completion of drilling operations; risks with respect to oil and natural gas prices, a material decline in which could cause the Company to delay or suspend planned drilling operations or reduce production levels; and risks relating to the availability of capital to fund drilling operations that can be adversely affected by adverse drilling results, production declines and declines in oil and gas prices and other risk factors. The complete filing is available at http://www.sec.gov

          Lucas Energy, Inc.
          Investor Relations
          Brad Holmes
            713-654-4006
            bholmes@lucasenergy.com
          W.A. Sikora, CEO
            713-528-1881