Falcon Crest Energy, Inc. (FCEN) Buoyed by Savvy Leadership Falcon Crest Energy, Inc. (FCEN) Buoyed by Savvy Leadership and Exploration Team
Formerly Innocent, Inc., Falcon Crest Energy has been making progress in its bid to capitalize on the copious reserves of Wyoming’s Powder River Basin. In a late August headline, the company announced it had acquired leasehold in federal lands in the 24,000-square-mile, oil-rich area from the United States Bureau of Land Management. That brought Falcon Crest Energy to a 75% working interest in around 585 acres, and the company continues to aggressively look for more opportunities on federal land.
According to the Wyoming Oil and Gas Conservation Commission, the Powder River Basin produced about 30 million barrels of oil in 2013, up 43% from 17 million barrels in 2009. In this historically well-performing region, Falcon Crest Energy has identified the areas where objective, oil-bearing formations are located less than 2,500 feet below the surface as its points-of-interest. For these endeavors, Falcon Crest Energy has tapped Evergreen, a seasoned provider with other 150 years of experience in the oil and gas industry, for the general management role of these exploratory efforts.
On top of a savvy, insightful, and recently formed advisory board, Falcon Crest Energy is buoyed by its savvy, forward-thinking senior leadership and exploration team members. At the helm is company CEO and Director Patrick Johnson, a professional with c-level experience in a variety of industries, including the oil and gas, consumer products, and nutraceuticals industries. Mr. Johnson has also been involved in consultative roles across many sectors, including private equity, mining, entertainment, gaming, construction, corporate finance, and more. Together, the members of Falcon Crest’s leadership and exploration teams boast of more than 150 years of combined professional expertise.
For future business endeavors, Falcon Crest has signified that it has many other opportunities in its pipeline. Falcon Crest has committed itself to a business model of acquiring low-risk, high-upside properties coupled with substantial exploration potential. Continuously operating according to a narrow, defined strategy, the company continues to look out for opportunities consisting of strategic acquisitions or joint ventures with strong potential value.
For more information, visit: www.FalconCrestEnergy.com
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