Falcon Crest Energy, Inc. (FCEN) Looks to Ride Wav
Post# of 17
Posted On: 01/23/2015 7:23:22 PM
Falcon Crest Energy, Inc. (FCEN) Looks to Ride Wave of Increased Production in Powder River Basin Region
Since 1889, the Powder River Basin region of Wyoming has been a valuable resource for oil pioneers, with production levels experiencing waves of increased productivity for more than a century. In 1978, a reported 58 million barrels of oil were pumped from the region before a lack of drilling technology led to a prolonged drop, but that’s recently come to an end. Since 2010, production totals have been on the rise, and that’s good news for development stage oil and gas exploration and production company Falcon Crest Energy, Inc. (OTC: FCEN).
Falcon Crest Energy owns a 75% working interest in nearly 600 acres of oil-rich property in Crook County, Wyoming. Through a specialized plan to minimize risk, the company develops proven petroleum reserves, and, using improved oil and gas production technologies, works toward maximized profit, increased production levels and sustainable value. With expert forecasts for the Powder River Basin area now predicting a new oil boom, Falcon Crest has positioned itself to capitalize on increasing interest in the region.
In a recent press release, Patrick Johnson, chief executive officer of Falcon Crest, noted the company’s increasingly strong positioning, with an established presence in the right place, at the right time. With its massive amounts of untapped oil prospects, industry experts are beginning to liken the drilling potential in Wyoming to that of previous oil booms, such as the one that occurred in the Bakken Shale formation of North Dakota near the turn of the century.
According to U.S. Energy Information Administration reports, the Niobrara oil production region, of which the Powder River Basin is a part, is projected to be the fourth most productive region in the country throughout the first quarter of 2015 with over 385,000 barrels of oil produced per day, but production is primed to ramp up in the near future with new horizontal drilling and hydraulic fracturing techniques in play. With major energy companies and industry analysts continuing to recognize the tremendous potential of the basin and advances in drilling technology unlocking previously unreachable oil deposits, Falcon Crest Energy appears to be in a great position to capitalize on the country’s next big oil boom.
For more information on the company, visit www.FalconCrestEnergy.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
Since 1889, the Powder River Basin region of Wyoming has been a valuable resource for oil pioneers, with production levels experiencing waves of increased productivity for more than a century. In 1978, a reported 58 million barrels of oil were pumped from the region before a lack of drilling technology led to a prolonged drop, but that’s recently come to an end. Since 2010, production totals have been on the rise, and that’s good news for development stage oil and gas exploration and production company Falcon Crest Energy, Inc. (OTC: FCEN).
Falcon Crest Energy owns a 75% working interest in nearly 600 acres of oil-rich property in Crook County, Wyoming. Through a specialized plan to minimize risk, the company develops proven petroleum reserves, and, using improved oil and gas production technologies, works toward maximized profit, increased production levels and sustainable value. With expert forecasts for the Powder River Basin area now predicting a new oil boom, Falcon Crest has positioned itself to capitalize on increasing interest in the region.
In a recent press release, Patrick Johnson, chief executive officer of Falcon Crest, noted the company’s increasingly strong positioning, with an established presence in the right place, at the right time. With its massive amounts of untapped oil prospects, industry experts are beginning to liken the drilling potential in Wyoming to that of previous oil booms, such as the one that occurred in the Bakken Shale formation of North Dakota near the turn of the century.
According to U.S. Energy Information Administration reports, the Niobrara oil production region, of which the Powder River Basin is a part, is projected to be the fourth most productive region in the country throughout the first quarter of 2015 with over 385,000 barrels of oil produced per day, but production is primed to ramp up in the near future with new horizontal drilling and hydraulic fracturing techniques in play. With major energy companies and industry analysts continuing to recognize the tremendous potential of the basin and advances in drilling technology unlocking previously unreachable oil deposits, Falcon Crest Energy appears to be in a great position to capitalize on the country’s next big oil boom.
For more information on the company, visit www.FalconCrestEnergy.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
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