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Houston-based Camber Energy Inc. (NYSE MKT: CEI), formerly known as Lucas Energy Inc. , is about to nearly quadruple its net acreage in the San Andres oil play in the Permian Basin. The company made an $11.03 million deal to buy 13,000 contiguous net acres in the Permian Basin from a private seller, and this time, it’s land Camber is ready to drill on. Camber started off 2017 with a deal to buy 3,630 net acres over the San Andres in an as-yet-undisclosed location — CEO Anthony Schnur doesn’t want competitors coming in to buy up the acreage until Camber gets the land it needs there.
What’s in a name? A lot, if you ask Anthony Schnur, director, CEO and president of what was formerly known as Lucas Energy Inc. Schnur recently changed Lucas Energy’s name to Camber Energy Inc. (NYSE MKT: ...
As part of a deal announced a year ago , Houston-based Lucas Energy Inc. (NYSE MKT: LEI) has changed its name to Camber Energy Inc., effective Jan. 5. The company’s ticker symbol on the NYSE MKT exchange also will be changed to CEI on Jan. 5. Additionally, the company hired Thomas Hardisty as senior vice president of land and business development and J. Mark Bunch as senior vice president of engineering and operations to advance its growth.