Lucero Energy Corp. functions as an independent oil company, primarily focused on the acquisition, development, and production of oil-weighted properties. Its core operations are concentrated within the Bakken and Three Forks shale formations located in North Dakota's Williston Basin. The company's asset portfolio encompasses holdings in the Middle Bakken and the various benches of the Three Forks formation (One, Two, Three, and Four), alongside positions in the Pronghorn/Sanish and Lodgepole areas.