*Updated* 6 Austin Chalk Leases with 118 existing vertical wellbores

Luling Oil & Gas LLC (LOG) has acquired oil and gas leases representing 118 existing wells in the Austin Chalk formation. LOG owns mineral rights to 6 leases containing 653 acres with 118 existing vertical wellbores and 269 undrilled acres in the Austin Chalk Formation. 2009 Independent Reserve Report shows that these wells have substantial, proven behind pipe reserves.

*UPDATE*One lease has been sold back to existing operator. Listing is now for 5 Austin Chalk Leases comprised of 553 acres with 103 existing wellbores.