Lexington Resources, Inc., incorporated in 1996, is a natural resource exploration and production company engaged in the acquisition and development of oil and gas properties in the United States. The Company's properties include Oak Hills, Wagnon Lease, Coal Creek Prospect, Panther Creek Prospect, South Lamar Prospect, Middlecreek Prospect, H-9 Prospect, Barnett Pathway Prospect and Geneva Prospect. During the year ended December 31,2005 (2005), the Company's production totaled 130,942 thousand cubic feet (mcf). On January 23, 2006, the Company entered into a definitive share exchange agreement with Oak Hills International, Inc. to buy Oak Hills International, Inc. and its wholly owned subsidiary, Oak Hills. Oak Hills Oak Hills is a full service well drilling, operating and completion company and owns a 10, 000 foot operating depth Wilson Giant triple mechanical drilling rig outfitted with both triplex and duplex mud pumps capable of drilling acreage owned by the Company in both the Barnett Shale areas of Texas and the Arkoma Basin in Oklahoma. In addition to its Wilson Giant drilling rig, Oak Hills has a well workover rig, trucks, dozer, backhoe, trailers and well and pipeline completion equipment. Oak Hills operates at least 75 wells for private clients in addition to contractual basis. Oak Hills is the Company's designated oil and gas operator for coal bed methane (CBM) well interests in the Arkoma Basin, Oklahoma and Barnett Shale, Texas Project leases. Wagnon Lease Lexington Resources, Inc. purchased an 80% working interest and a 60.56% net revenue interest in approximately 590 gross acres of a gas lease located on the Wagnon Lease in Pittsburg County, Oklahoma (the Wagnon Lease). As of December 31,2005, drilled, completed and put four coal bed methane gas wells into production on the prospect, the Kellster #1-5, the Kyndal #2-2, the Bryce #3-2 and the Calleigh #4-2. The Kellster #1-5 was drilled to a depth of approximately 2,400 feet vertically and 2,200 feet horizontally and has been producing since February 2004. The last well drilled on the Wagnon Prospect was completed on April 2, 2005, when the Calleigh #4-2 commenced production. The Calleigh #4-2 well resulted in vertical depths of approximately 2,600 feet with an approximate 1,800 foot horizontally drilled section. Coal Creek Prospect In 2005, the total acreage acquired in the Coal Creek Gas Prospect is approximately 1,932 gross leasehold acres. The Lex #1-34 well was drilled to a depth of approximately 3,200 vertical feet and approximately 2,000 horizontal feet. The Brumbaugh #1-10 well was drilled to a vertical depth of 3,350 feet and a horizontal lateral section of 2,350 feet. On May 31, 2005, the Company began drilling a third coal bed methane well on the Coal Creek Prospect, the Ellis #1-15, of which it has an 88.5% working interest. Panther Creek Prospect On March 12, 2004, the Company entered into a three-year lease for approximately 292 gross acres located in five separate sections in the Panther Creek coal bed methane gas prospect located in Hughes County, State of Oklahoma (the Panther Creek Prospect). Lexington Resources, Inc., holds a 100% working interest and an approximate 81% net revenue interest in the acreage acquired in the Panther Creek Prospect. South Lamar Prospect On April 22, 2004, the Company entered into a two-year lease agreement to acquire a 100% working interest and a 78.5% net revenue interest in 960 gross undeveloped acres to develop coal bed methane gas wells in Hughes County, State of Oklahoma (the South Lamar Prospect). Its subsidiary, Oak Hills, will be utilized for well completion and service, as well as geological and engineering work associated with joint exploration. Middlecreek Prospect On May 24, 2004, the Company entered into an agreement to acquire an undivided 100% working interest and a 70% net revenue interest in 320 gross leasehold acres located in two sections in the Middlecreek Prospect located in Hughes County, Oklahoma (the Middlecreek Prospect). The Middlecreek Prospect

• Download SqueezeTrigger (TM) Report
• Download FrictionFactor Report
• Download Daily Short Volume Report
• Download Real-Time Short Volume Tool
• Download Failures to Deliver

• No BuyIns.Net Alerts Available for LXRS