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Lexington Resources, Inc. (LXRS)   
  

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Rating   Target
Price
Current Price

Market
Cap

Spec. Buy n/a $0.11   $4.1M

SISM Research Next Qtr. Est.
Revenue  

EPS

Q1FY2007A 208,000 -$0.01

05.02.07
LXRS: DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS
On May 2, 2007, the board of directors of Lexington Resources, Inc., a Nevada corporation (the “Company”), announced the acceptance of the resignation of Gino Cicci as a director of the Company effective May 2, 2007.
   
01.10.07
LXRS: DISPOSITION OF OAK HILLS DRILLING RIG
During the first quarter of 2006, Lexington Resources, Inc. a Nevada corporation (the "Company") acquired two wholly-owned subsidiaries, Oak Hills Drilling and Operating International Inc., a Nevada corporation, and Oak Hills Drilling and Operating LLC, an Oklahoma limited liability company ("Oak Hills"). Oak Hills Drilling and Operating International Inc. is the private parent company to Oak Hills which has been providing comprehensive well drilling, completion and maintenance services to and on behalf of the Company.

During the fourth quarter of 2006, management of the Company was considering monetizing certain of the Company's assets and those of Oak Hills in order to decrease liabilities and overhead incurred by the Company on a consolidated basis from previous capital expenditures and a lack of current debt and equity resources made available to the Company. In this respect, the Company actively solicited offers from unaffiliated third parties for the purchase of certain assets of Oak Hills, inclusive of Oak Hills' Wilson Giant single draw works drilling rig and related equipment (collectively, the "Drilling Rig"). At the same time, we also requested an independent evaluation report regarding valuation of the Drilling Rig in order to substantiate the consideration to be offered.

On January 2, 2007, the Board of Directors of the Company authorized and approved the execution by Oak Hills of an agreement dated December 29, 2006 (the "Agreement") with Innovative Energy Services ("IES") pertaining to the sale and purchase of the Drilling Rig. In accordance with the Agreement: (i) IES paid to Oak Hills an aggregate amount of $3,100,000; and (ii) Oak Hills shall deliver title to the Drilling Rig to IES (which as of the date of this Current Report Oak Hills is in the process of completing).

During the first quarter of 2006, Lexington Resources, Inc. a Nevada corporation (the "Company") acquired two wholly-owned subsidiaries, Oak Hills Drilling and Operating International Inc., a Nevada corporation, and Oak Hills Drilling and Operating LLC, an Oklahoma limited liability company ("Oak Hills"). Oak Hills Drilling and Operating International Inc. is the private parent company to Oak Hills which has been providing comprehensive well drilling, completion and maintenance services to and on behalf of the Company. 2007, the board of directors of Lexington Resources, Inc., a Nevada corporation (the “Company”), announced the acceptance of the resignation of Gino Cicci as a director of the Company effective May 2, 2007.
   
01.05.07
LXRS: DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS
Effective on January 3, 2007, the board of directors of Lexington Resources, Inc., a Nevada corporation (the "Company"), accepted the resignation of Vaughn Barbon, as the Treasurer and Chief Financial Officer of the Company, and, in addition, appointed Norman MacKinnon, one of the Company's directors, as the interim Treasurer and Chief Financial Officer of the Company until such time as a replacement is subsequently appointed by the Company.
   
01.10.07
LXRS: LEXINGTON RESOURCES INC., ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
During the first quarter of 2006, Lexington Resources, Inc. a Nevada corporation (the "Company") acquired two wholly-owned subsidiaries, Oak Hills Drilling and Operating International Inc., a Nevada corporation, and Oak Hills Drilling and Operating LLC, an Oklahoma limited liability company ("Oak Hills"). Oak Hills Drilling and Operating International Inc. is the private parent company to Oak Hills which has been providing comprehensive well drilling, completion and maintenance services to and on behalf of the Company. Full Report - HTML
   
11.03.06
LXRS: LEXINGTON RESOURCES INC. PROVIDES OPERATIONAL UPDATE
LAS VEGAS, Nov. 3 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS, Frankfurt, Berlin: LXR) (the "Company" or "Lexington") provides the following report regarding oil and gas operations. Full Report - HTML
   
10.05.06
LXRS: LEXINGTON RESOURCES INC. COMPLETES DRILLING PHASE ON PETTA # 1 WELL IN COMANCHE COUNTY, TEXAS AS PART OF JOINT EXPLORATION PROGRAM WITH DYLAN PEYTON LLC
LAS VEGAS, Oct. 5 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS, Frankfurt; Berlin: LXR) (the "Company") reports that the drilling portion of the Petta #1 Barnett Shale test well has been completed on exploration joint venture leases located in Comanche County, TX. The well, drilled by the Company's drilling affiliate, Oak Hills Drilling and Operating, LLC ("Oak Hills), was drilled to a total measured depth of approximately 6,000 feet and included an approximate 2,000 foot lateral section. Initial testing and drilling log profiles indicate the presence of hydrocarbons and petroleum liquids, which could mean oil. Further testing will be required in conjunction with fracture stimulation of the Barnett Shale zone in order to attempt completion of the well. Some area pipeline development is also required. Full Report - HTML
   
09.28.06
LXRS: LEXINGTON RESOURCES INC. UPDATES PROGRESS ON PARADISE PARK BARNETT SHALE WELL COMPLETION IN TEXAS
LAS VEGAS, Sept. 28 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS; Frankfurt, Berlin: LXR) (the "Company") reports that the Paradise Park #1H horizontal gas well operated by Ray Richey Management Company, Inc., in which Lexington owns a 10% working interest, is nearing final completion. The well has been fracture stimulated, and fitted with final production equipment and compressor in anticipation of imminent production. The well is flowing back frac fluid and is exhibiting pressures indicative of future production. Full Report - HTML
09.13.06
LXRS: Lexington Resources Announces New CBM Drilling on H-9 Prospect LAS VEGAS, Sept. 13 /PRNewswire-FirstCall/ -- Lexington Resources, Inc.'s (OTC Bulletin Board: LXRS, Frankfurt, Berlin: LXR) (the "Company"), announces the drilling of a new Coal Bed Methane ("CBM") gas well on its H-9 Prospect. The well was drilled by the Company's Arkoma Basin exploration partner, Dylan Peyton, LLC. The Company and Dylan Peyton, LLC are partners in the new Grey 1-22H horizontal CBM gas targeted well drilled in Hughes County, Oklahoma. The Company's Arkoma Basin exploration partner Dylan Peyton, LLC has completed the drilling portion of the Grey 1-22H well. The well will be scheduled for fracture stimulation in the near term. Full Report - HTML
09.07.06
LXRS: LEXINGTON RESOURCES ANNOUNCES NEW BARNETT SHALE DRILLING IN COMANCHE COUNTY, TEXAS AS PART OF JOINT EXPLORATION PROGRAM WITH DYLAN PEYTON LLC
LAS VEGAS, Sept. 7 /PRNewswire-FirstCall/ -- Lexington Resources, Inc.'s (OTC Bulletin Board: LXRS, Frankfurt, Berlin: LXR) (the "Company"), announces the early production of 310-350 MCF/Day from the Peyton 1-25 vertical gas well, 100-110 MCF/Day gas from the Company's Nicole 1-23H horizontal coal bed methane ("CBM") well, and 40 MCF/Day gas from the Company's Dylan1-24H horizontal CBM well. The Dylan 1-24H is set to be fracture stimulated in the near term to enhance production. All the wells are located on the Company's South Lamar leases and utilize area developed pipeline and compressor infrastructure. The Company and Dylan Peyton, LLC are 50% working interest partners in the development of South Lamar Prospect. Full Report - HTML

 

09.06.06
LXRS: LEXINGTON RESOURCES ANNOUNCES NEW BARNETT SHALE DRILLING IN COMANCHE COUNTY, TEXAS AS PART OF JOINT EXPLORATION PROGRAM WITH DYLAN PEYTON LLC
LAS VEGAS, Sept. 6 /PRNewswire-FirstCall/ -- Lexington Resources, Inc.'s (OTC Bulletin Board: LXRS; Frankfurt, Berlin: LXR) (the "Company"), announces that the Company's drilling affiliate, Oak Hills Drilling and Operating, LLC ("Oak Hills") has commenced drilling the Petta #1 Barnett Shale well on approximately 2,835 net mineral acres currently under acquisition in Comanche County, Texas. The drilling is part of the Company's joint exploration initiative announced earlier this year with Dylan Peyton, LLC. Under terms of the agreement, the Company has a 45-50% net revenue interest in approximately 5,670 gross acres of near contiguous leases with Oak Hills established as designated operator for joint exploration development of the new acreage. Full Report - HTML
   
09.05.06
LXRS: NEW PRODUCTION FROM NON-OPERATING INTEREST IN GATES 2-19 HORIZONTAL COAL BED METHANE WELL
LAS VEGAS, Sept. 5 /PRNewswire-FirstCall/ -- Lexington Resources, Inc.'s (OTC Bulletin Board: LXRS; Frankfurt, Berlin: LXR) (the "Company"), announces the Gates 2-19 horizontal Coal Bed Methane ("CBM") gas well has been completed by Orion Exploration, LLC ("Orion") with initial production of 700 - 830 MCF/Day. The Company and its Arkoma Basin CBM exploration-drilling partner Dylan Peyton, LLC participate equally in the aggregate 11.25% working interest and 8.91% net revenue interest in the Gates 2-19 well drilled by Orion in McIntosh County, Oklahoma. The Gates 2-19 CBM well follows from the successful Gates 1-19 horizontal CBM well recently completed by Orion that provided initial production of 1.4 MMCF/Day. The Company and Dylan Peyton, LLC have 72 acres of the 640 acre section undergoing drilling by Orion, which hold further two horizontal CBM drilling sites with the same participation percentage. The acreage forms part of the Company's original 5,170 acre H-9 Prospect that is under drilling development by Lexington Resources and Dylan Peyton, LLC. Full Report - HTML
   
08.24.06
LXRS: LEXINGTON RESOURCES ANNOUNCES ONE POINT FLOW TESTING FROM MARTIN #1H HORIZONTAL BARNETT SHALE WELL IN PARKER COUNTY, TX
LAS VEGAS, Aug. 24 /PRNewswire-FirstCall/ -- Lexington Resources, Inc.'s (OTC Bulletin Board: LXRS, Frankfurt, Berlin: LXR) (the "Company"), announces that following from fracture stimulation ("frac") of the Martin #1H well that was conducted earlier this month, completion of the well is in final stages. The well was tested by management and obtained flow rates of 3.3 MMCF/Day on a one point flow test. The well continues to flow back frac fluid and is currently choked back pending final well clean up and connection into a Devon gas line. All surface equipment and pipeline have been installed except for portions relating to the tie in to the production and marketing gas line.Full Report - HTML
   
07.24.06
LXRS: LEXINGTON RESOURCES ANNOUNCES NEW GAS PRODUCTION FROM PEYTON 1-25 WELL
LAS VEGAS, July 24 /PRNewswire-FirstCall/ -- Lexington Resources, Inc.'s (OTCBB: LXRS, Frankfurt, Berlin: LXR) (the "Company"), announces the commencement of new gas production from its 50% interest in the Peyton 1-25 vertical well. Initial production rates of 225 MCF per day have been initiated with 9/64 choke in place with 580 lb of pressure with held back gas flows during well start up phases. The Company's Arkoma Basin exploration partner Dylan Peyton, LLC has completed its CBM gas targeted vertical Peyton 1-25 well in an alternative gas sand zone located in close proximity to the CBM zone in which the well was drilled. The new well is located on Lexington Resources' South Lamar lease in Hughes County, OK. The well feeds into a new 8,000 foot pipeline that has been completed to accommodate gas production from the Peyton 1-25 well in addition to that expected from the Nicole 1-23H and Dylan 1-24 H horizontal Coal Bed Methane wells currently in final completion stages also located on the Company's South Lamar Lease. Full Report - HTML
   
05.23.06
LXRS: LEXINGTON RESOURCES ANNOUNCES $7.65 MILLION EQUITY PLACEMENT TO INCREASE ITS CAPITAL EXPENDITURES AND EXPEDITE DRILLING DEVELOPMENT
LAS VEGAS, May 23 /PRNewswire-FirstCall/ -- Lexington Resources, Inc.'s (OTC Bulletin Board: LXRS, Frankfurt, Berlin: LXR) (the "Company"), has started drilling the Company owned Martin #1H horizontal Barnett Shale well located on its Martin Cantrell Lease in Parker County, Texas. The Company's wholly owned drilling company, Oak Hills Drilling and Operating, LLC spudded the well last week after final site preparation and seismic analysis were completed. Oak Hills is currently drilling the vertical section of the well at depths in excess of 2,000 feet. Lexington owns a 100% working interest and 72.5% net revenue interest in this well. Full Report - HTML
   
05.23.06
LXRS: LEXINGTON RESOURCES ANNOUNCES $7.65 MILLION EQUITY PLACEMENT TO INCREASE ITS CAPITAL EXPENDITURES AND EXPEDITE DRILLING DEVELOPMENT
LAS VEGAS, May 23 /PRNewswire-FirstCall/ -- Lexington Resources, Inc.'s (OTC Bulletin Board: LXRS, Frankfurt, Berlin: LXR) (the "Company"), has started drilling the Company owned Martin #1H horizontal Barnett Shale well located on its Martin Cantrell Lease in Parker County, Texas. The Company's wholly owned drilling company, Oak Hills Drilling and Operating, LLC spudded the well last week after final site preparation and seismic analysis were completed. Oak Hills is currently drilling the vertical section of the well at depths in excess of 2,000 feet. Lexington owns a 100% working interest and 72.5% net revenue interest in this well. Full Report - HTML
   
05.17.06
LXRS: LEXINGTON RESOURCES ANNOUNCES $7.65 MILLION EQUITY PLACEMENT TO INCREASE ITS CAPITAL EXPENDITURES AND EXPEDITE DRILLING DEVELOPMENT
LAS VEGAS, May 17 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS; Frankfurt, Berlin: LXR) (the "Company") announces the closing of a $7.65 million equity placement to increase drilling and related capital and operating expenditures to expedite development of its Barnett Shale, Texas and Arkoma Basin, Oklahoma gas projects. Proceeds of approximately $7.2 million, net of expenses, will allow the Company to expand gas production initiatives in its 2006 capital expenditure program. Full Report - HTML
   
05.04.06
LXRS: LEXINGTON RESOURCES PREPARES DRILLING SITE FOR NEXT BARNETT SHALE WELL AND COMPLETES PARADISE PARK #1H DRILLING
LAS VEGAS, May 4 /PRNewswire-FirstCall/ -- Lexington Resources, Inc.'s (OTC Bulletin Board: LXRS; Frankfurt, Berlin: LXR) (the "Company"), wholly owned drilling company, Oak Hills Drilling and Operating, LLC has completed drilling the Paradise Park #1H horizontal Barnett Shale gas well on third- party contract for Ray Richey Management Company, Inc. Lexington receives a 10% working interest in the Paradise Park #1H well that will now be scheduled for fracture and completion. The well had a completed total drilled depth of approximately 9,700 feet. The Paradise Park #1H horizontal gas well offsets the HHV Land #1H Barnett Shale horizontal gas well drilled by Oak Hills as third-party drilling contractor in April 2005. The HHV Land #1H had initial production gas flows of approximately 3.6 MMCF/day and was the first well drilled by Oak Hills in the Barnett Shale after its rig was rebuilt in the winter of 2004. Full Report - HTML
   
04.26.06
LXRS: LEXINGTON RESOURCES REITERATED AT 'SPECULATIVE BUY/4,' 12-MONTH TARGET PRICE INCREASED FROM $1.75 TO $2.50 BY INVESTREND RESEARCH AFFILIATE SISM RESEARCH
April 26, 2006 (FinancialWire) (Investrend Research Syndicate) Ernest C. Schlotter, a senior oil and gas analyst with InvesTrend Research Affiliate SISM Research, and a four-star analyst according to StarMine, has reiterated his Speculative Buy/4 rating and increased his 12-month price target for Lexington Resources (OTCBB: LXRS) to $2.50. Full Report - HTML Analyst Report
   
04.25.06
LXRS: LEXINGTON RESOURCES BEGINS DRILLING TWO FURTHER HORIZON CBM WELLS ON SOUTH LAMAR LEASE IN HUGHES COUNTY, OK, BRINGING TOTAL INTEREST IN WELLS UNDER CURRENT DRILLING AND DEVELOPMENT TO SIX
LAS VEGAS, April 25 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS; Frankfurt, Berlin: LXR) (the "Company"), and its Arkoma Basin exploration partner Dylan Peyton, LLC have spudded two further Coal Bed Methane ("CBM") gas-targeted horizontal wells in the State of Oklahoma. The Dylan 1-24H and Nicole 1-23H horizontal CBM wells are in addition to the Peyton 1-25 vertical CBM well currently in drilling and development on the Company's South Lamar lease. Full Report - HTML
   
04.19.06
LXRS: LEXINGTON RESOURCES COMPLETES FRAC OF BARNETT SHALE WELL IN TARRANT COUNTY, TX; CONCURRENT CBM DRILLING IN PROGRESS IN HUGHES COUNTY, OK
LAS VEGAS, April 19 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS; Frankfurt, Berlin: LXR) (the "Company"), announces that it is nearing completion of two new wells located in Texas and Oklahoma. Full Report - HTML
   
04.13.06
LXRS: LEXINGTON RESOURCES COMPLETES SEISMIC TESTING ON GILBERT BARNETT SHALE LEASE
LAS VEGAS, April 13 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS; Frankfurt, Berlin: LXR) (the "Company"), has completed the field gathering testing phase of a 3D seismic program on its 1,211 contiguous acre Gilbert lease located in Palo Pinto County, Texas with TimeSlice Technology Inc. of Texas. The processing phase now begins to process geologic data on Barnett Shale gas and possible secondary gas targets on this lease with results due before month end. Full Report - HTML
   
04.12.06
LXRS: LEXINGTON RESOURCES INCREASES ASSETS, STOCKHOLDERS EQUITY, AND RESERVES
LAS VEGAS, April 12 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS; Frankfurt, Berlin: LXR) (the "Company", "Lexington"), announces that on April 10, 2006, it released on SEC Form 8-K, unaudited consolidated pro forma financial statements for the period ended December 31, 2005 reflecting the acquisition by Lexington of Oak Hills Drilling & Operating International, Inc. ("Oak Hills") for 6,000,000 restricted common shares in the capital of Lexington Resources that occurred on January 23, 2006. Full Report - HTML
   
04.11.06
LXRS: LEXINGTON RESOURCES ACQUIRES NEW BARNETT SHALE WELL AND DRILLING INTEREST IN JOHNSON COUNTY, TEXAS
LAS VEGAS, April 11 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS, Frankfurt, Berlin: LXR) (the "Company", "Lexington"), announces the Company's wholly owned drilling company, Oak Hills Drilling and Operating, LLC ("Oak Hills") is currently drilling a horizontal Barnett Shale gas well (Paradise Park #1H) on third-party contract for Ray Richey Management Company, Inc. Lexington receives a 10% working interest in the well and drilling contract service income at the rate of $14,500 per day, in addition to mobilization and demobilization fees. The Company has not completed 3D seismic programs required for the next well to be drilled on its own leases. Management opted to move to a third-party contract with well ownership participation, while its next drilling site is being prepared. Full Report - HTML
   
04.06.06
LXRS: LEXINGTON PARTICIPATES IN CBM WELL WITH ORION EXPLORATION, LLC
LAS VEGAS, April 6 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS; Frankfurt, Berlin: LXR) (the "Company"), announces its participation in a horizontal Coal Bed Methane ("CBM") well interest with Orion Exploration, LLC ("Orion"). The Company and its Arkoma Basin CMB exploration-drilling partner Dylan Peyton, LLC will participate equally in the 11.25% working interest and 8.91% net revenue interest "Gates 1-19" well being drilled by Orion Exploration in McIntosh County, Oklahoma. Full Report - HTML
   
04.06.06
LXRS: LEXINGTON PARTICIPATES IN CBM WELL WITH ORION EXPLORATION, LLC
LAS VEGAS, April 6 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS; Frankfurt, Berlin: LXR) (the "Company"), announces its participation in a horizontal Coal Bed Methane ("CBM") well interest with Orion Exploration, LLC ("Orion"). The Company and its Arkoma Basin CMB exploration-drilling partner Dylan Peyton, LLC will participate equally in the 11.25% working interest and 8.91% net revenue interest "Gates 1-19" well being drilled by Orion Exploration in McIntosh County, Oklahoma. Full Report - HTML
   
04.04.06
LXRS: LEXINGTON RESOURCES MAKES PRODUCTION PREPARATION FOR ITS FIRST BARNETT SHALE WELL IN TARRANT COUNTY, TEXAS
LAS VEGAS, April 4 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS; Frankfurt, Berlin: LXR) (the "Company"), has initiated production preparation on its Oliver Unit #1H horizontal Barnett Shale well in Tarrant County, Texas. The well is scheduled for fracture stimulation ("frac") and completion this month. Full Report - HTML
   
03.30.06
LXRS: LEXINGTON RESOURCES BEGINS SEPARATE ARKOMA BASIN COAL ED METHANE DRILLING PROGRAM ON SOUTH LAMAR LEASE IN HUGHES COUNTY, OK
LAS VEGAS, March 30 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTCBB: LXRS, Frankfurt, Berlin: LXR) (the "Company"), announces that the Company and its Arkoma Basin exploration partner Dylan Peyton, LLC will spud their first Coal Bed Methane ("CBM") targeted well in the State of Oklahoma tomorrow. The Peyton 1-25 vertical CBM well on the Company's South Lamar lease in Hughes County, OK, represents the first drilling of a comprehensive program to be conducted on this lease under the joint exploration venture. The expected production from the single vertical well, although not as prolific as horizontal drilling, is estimated to allow the Company to drill remaining leasehold acreage at a later date. Full Report - HTML
   
03.28.06
LXRS: LEXINGTON RESOURCES USES 3D SEISMIC TESTING TO INCREASE DRILL INVENTORY ON ITS BARNETT SHALE LEASES
LAS VEGAS, March 28 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS; Frankfurt, Berlin: LXR) (the "Company") has contracted with TimeSlice Technology Inc. of Texas to provide 3D seismic testing of its 1,211 contiguous acre Gilbert lease located in Palo Pinto County, Texas as part of the Company's geological evaluation program. The testing is scheduled to take place over the next seven days and will provide important geologic data on Barnett Shale gas and secondary gas targets on this lease. Full Report - HTML
   
03.22.06
LXRS: LEXINGTON RESOURCES COMPLETES DRILLING PORTION OF OLIVER UNIT #1 BARNETT SHALE WELL IN TARRANT COUNTY, TEXAS
LAS VEGAS, March 22 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS, Frankfurt, Berlin: LXR) (the "Company"), provides a further update of drilling activity currently in process on its Oliver Lease located in Fort Worth, Tarrant County, Texas. Full Report - HTML
   
03.16.06
LXRS: LEXINGTON RESOURCES FURTHER ARKOMA BASIN CBM DRILLIN TO BEGIN NEXT WEEK
LAS VEGAS, March 16 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS, Frankfurt, Berlin: LXR) (the "Company"), announces that the Company and its Arkoma Basin exploration partner Dylan Peyton, LLC will begin to jointly develop the Company's Coal Bed Methane ("CBM") targeted leases in the State of Oklahoma next week.Full Report - HTML
   
03.06.06
LXRS: LEXINGTON RESOURCES DOUBLES BARNETT SHALE INVENTORY WITH 5,000 ACRE DRILLING JOINT VENTURE IN COMANCHE COUNTY, TEXAS
LAS VEGAS, March 6 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS; Frankfurt, Berlin: LXR) (the "Company"), has entered into a definitive exploration agreement with Dylan Peyton, LLC of Dallas, Texas to develop approximately 5,000 acres of Barnett Shale and shallow gas targets in Comanche County, Texas. Under the exploration agreement, Dylan Peyton, LLC will contribute approximately 5,000 acres of near contiguous leases located in Comanche County, Texas to jointly develop Barnett Shale gas and shallow gas, sand-targeted, producing wells on a 50/50 equal working interest basis. The Company's subsidiary, Oak Hills Drilling and Operating, LLC, will become the operator for the project. The joint exploration will drill a horizontal Barnett Shale test well on or before September 2006. Full Report - HTML
   
03.01.06
LXRS: LEXINGTON RESOURCES PROVIDES DRILLING PROGRESS UPDATE ON BARNETT SHALE LEASE IN TARRANT COUNTY, TEXAS
LAS VEGAS, March 1 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS; Frankfurt, Berlin: LXR) (the "Company"), provides a further update of drilling activity currently in process on its Oliver Lease located in Fort Worth, Tarrant County, Texas. Full Report - HTML
   
02.23.06
LXRS: LEXINGTON RESOURCES ANNOUNCES DRILLING UPDATE ON BARNETT SHALE LEASE
LAS VEGAS, Feb. 23 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS, Frankfurt, Berlin: LXR) (the "Company"), provides an update of drilling activity currently in process on its Oliver Lease located in Fort Worth, Tarrant County, Texas. Full Report - HTML
   
02.23.06
LXRS: LEXINGTON RESOURCES GAINS 11.46% ON 3X VOLUME
February 23, 2006 (FinancialWire) Lexington Resources (OTCBB: LXRS) gained 11.46% on volume of 262,758, which was three times its average 86,429, to close at $1.07. Full Report - HTML
   
02.21.06
LXRS :LEXINGTON RESOURCES ANNOUNCES CBM DRILLING JOINT VENTURE; CBM DRILLING PROGRAM TO BEGIN NEXT MONTH
LAS VEGAS, Feb. 21 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS, Frankfurt, Berlin: LXR) (the "Company"), announces that the Company has entered into a definitive exploration agreement with Dylan Peyton, LLC and Avatar Energy, LLC, both of Dallas, Texas to jointly develop the Company's Coal Bed Methane ("CBM") targeted leases in the State of Oklahoma. Under the joint venture, the Company will contribute its current inventory of Arkoma Basin Oklahoma CBM leases to jointly develop gas-producing wells with Dylan Peyton, LLC on a 50/50 equal working interest basis. Avatar Energy, LLC will become the operator for the project and contributes at least one drilling rig capable of working depths associated with the Company's lease targets also conducive to horizontal drilling. The Company's operating subsidiary, Oak Hills Drilling and Operating, LLC ("Oak Hills") will be utilized for well completion and service, as well as geological and engineering work associated with the joint exploration. The joint venture plans continuous drilling to begin on or before the end of March, 2006 on CBM, Caney Shale, Woodford Shale, Booch Sand, and other shallow sand gas targets identified by the Company's geological research. Full Report - HTML
   
02.14.06
LXRS: LEXINGTON RESOURCES RECEIVES 'BUY/4' RATING, 12-MONTH TARGET $1.75 FROM INVESTREND RESEARCH AFFILIATE SISM RESEARCH
February 14, 2006 (FinancialWire) (Investrend Research Syndicate) Ernest C. Schlotter, a senior oil and gas analyst with Investrend Research Affiliate SISM Research, and a four-star analyst according to San Francisco-based StarMine, has reiterated his Buy/4 rating and maintained his 12-month price target for Lexington Resources (OTCBB:LXRS) of $1.75. Full Report - HTML SUMMARY REPORT - PDF
   
02.07.06
LXRS: LEXINGTON RESOURCES TO BEGIN DRILLING ON PRIME BARNETT SHALE LEASE
LAS VEGAS, Feb. 7 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS, Frankfurt, Berlin: LXR) (the "Company"), announces that the Company will begin drilling on its Oliver Lease located in Fort Worth, Tarrant County, Texas beginning February 16, 2006. Full Report - HTML
   
01.24.06
LXRS: COMPLETED ACQUISITION OF OAK HILLS DRILLING AND OPERATING INTERNATIONAL, INC. ADDS VALUE TO LEXINGTON RESOURCES AS AN INTEGRATED JUNIOR OIL AND GAS PRODUCER
LAS VEGAS, Jan. 24 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS, Frankfurt, Berlin: LXR) (the "Company"), has executed a definitive Share Exchange Agreement and has acquired 100% of the shares of Oak Hills Drilling and Operating International, Inc., a Nevada company, ("Oak Hills International") and its wholly owned operating subsidiary, Oak Hills Drilling and Operating, LLC, an Oklahoma company ("Oak Hills LLC"). Oak Hills LLC is a full service oil and gas well drilling, operating and completion company. It owns and successfully operates a 10,000- foot operating depth Wilson Giant triple mechanical drilling rig and is fully equipped to drill, complete, and operate oil and gas wells. This rig is well suited for drilling acreage owned by Lexington Resources in both the Barnett Shale areas of Texas and the Arkoma Basin in Oklahoma. In addition to its Wilson Giant drilling rig, Oak Hills LLC operates and owns a well workover rig, trucks, commercial excavation equipment, and trailers along with comprehensive well and pipeline completion equipment. Full Report - HTML
   
01.05.06
LXRS: LEXINGTON RESOURCES ACQUIRES FURTHER BARNETT SHALE LEASES FROM PATHWAYS INVESTMENTS L.P.
LAS VEGAS, Jan. 5 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS; Frankfurt, Berlin: LXR) (the "Company"), announces that it is acquiring three further Barnett Shale gas targeted leases located in Parker and Hood Counties in the Dallas Fort Worth Basin of Texas. The Company is purchasing the leases comprising approximately 601 net mineral acres from Pathways Investments, L.P. for a total cost of $439,000. The acquisition is expected to provide the Company with up to 5 additional Barnett Shale horizontal drilling sites with access to existing pipeline networks. The leases being acquired provide the Company with a 100% working interest and a 72.5% net revenue interest in the acreage obtained. Management estimates the new acquired leases to contain Barnett Shale zones with minimum thickness of 250 feet. The acquisition increases Lexington Resources' total Barnett Shale targeted lease inventory to a total of 3,238 net mineral acres or targets for 23-25 horizontal wellbores diversified in Hood, Parker, Tarrant, Palo Pinto, and Jack Counties.Full Report - HTML
   
01.03.06
LXRS: LEXINGTON RESOURCES ANNOUNCES ACQUISITION OF PRIME BARNETT SHALE LEASE
LAS VEGAS, Jan. 3 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS, Frankfurt, Berlin: LXR) (the "Company"), announces that it is acquiring a Barnett Shale lease located in a prime gas target area of Tarrant County in the Dallas Fort Worth Basin of Texas. The Company has purchased the lease comprising approximately 312 net mineral acres from Geneva Resources, Inc. for a total cost of $779,800. The acquisition is expected to provide the Company with up to 2-3 additional horizontal well drilling sites with access to existing pipeline networks in a prime producing area of the Barnett Shale play. The lease under acquisition will provide the Company with a 100% working interest and a 70% net revenue interest in the acreage obtained. Full Report - HTML
   
12.09.05
LXRS: LEXINGTON RESOURCES STAYS EVEN ON 3X VOLUME AFTER SISM RESEARCH INITIATED COVERAGE
December 9, 2005 (FinancialWire) Lexington Resources, Inc. (OTCBB: LXRS) remained even on volume of 187,577, three times its average 55,034, to close at $1.00 in its first trading session after Ernest C. Schlotter, an oil and gas analyst with Investrend Research Affiliate SISM Research, and a four star analyst according to StarMine, initiated coverage with a Speculative Buy/4 rating and a 12-month price target of $1.75.Full Report - HTML
   
12.08.05
LXRS: LEXINGTON RESOURCES RATED 'BUY/4' IN COVERAGE INITIATED BY INVESTREND RESEARCH AFFILIATE SISM RESEARCH WITH 12-MONTH TARGET PRICE OF $1.75
December 8, 2005 (FinancialWire) (Investrend Research Syndicate) Ernest C. Schlotter, an oil and gas analyst with Investrend Research Affiliate SISM Research, and a four star analyst according to StarMine, has initiated coverage of Lexington Resources, Inc. (OTCBB: LXRS) with a Speculative Buy/4 rating and a 12-month price target of $1.75. Full Report - HTML
   
12.05.05
LXRS: LEXINGTON RESOURCES COVERAGE INITIATED BY INVESTREND RESEARCH AFFILIATE SISM RESEARCH
December 5, 2005 (FinancialWire) (Investrend Research Syndicate) InvesTrend Research affiliate SISM Research is initiating coverage on Lexington Resources Inc. (OTCBB: LXRS). Lexington Resources Inc. is a natural resource exploration company focusing its strategy on the aggressive exploration and development of low-cost/low-risk, high-value Mid-Continent Coal Bed Methane gas and in the Barnett Shale in Texas, the hottest onshore gas exploration play in the United States. Its current operational focus is on gas development with an initiative to drill 70-100 wells in the Arkoma Basin in Oklahoma and approx. 30+ wells in the Barnett Shale. Just recently, Lexington entered into a strategic affiliation with the Texas-based Hunt family trust, Pathways Investments LLP. This provides top quality leases in the Barnett Shale to the Company. Full Report - HTML
   
 
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