Falcon Crest Energy (FCEN) Maintains Focus on Wyoming’s Oil- Falcon Crest Energy (FCEN) Maintains Focus on Wyoming’s Oil-Rich Potential
Falcon Crest Energy is a development stage oil and gas exploration and production company focused on developing properties in North America, including its Rocky Ford Field leasehold in Crook County of northeastern Wyoming.
Specific to this property, Falcon Crest in September 2014 leased federal lands from the U.S. Bureau of Land Management and initially retained a 75% working interest in 584.78 acres; the company acquired the remaining working interest in February 2015.
Falcon Crest also has its eye on the Powder River Basin in Wyoming where state and industry experts forecast a “second oil boom.” The area’s oil prospects, which were once deemed unreachable, are getting the attention of major energy companies that recognize the potential of the basin’s tight formations. Thanks to advances in drilling technology, these untapped reserves are now approachable.
Managed by a group of professionals with diverse yet relevant experience, Falcon Crest seeks to generate substantial revenues in the short-term and long-term future. Under this leadership, Falcon Crest continues to pursue low-risk, high-upside properties that boast substantial exploration potential. Through improvements in oil and gas production technologies, Falcon Crest Energy aims to utilize strategic acquisitions and joint-ventures to rapidly increase and maximize production levels and generate predictable, sustainable value.
For more information, visit www.FalconCrestEnergy.com.
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