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05.02.07
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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.
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01.10.07
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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.
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01.05.07
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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.
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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 |
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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
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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 |
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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
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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 |
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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 |
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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
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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 |
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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
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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
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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
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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
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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 |
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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 |
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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.
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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
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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
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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
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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
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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
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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
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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
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