Falcon Crest Energy, Inc. (FCEN) Working to Unleash the Oil Production Potential of the Powder River Basin
Located in Northeast Wyoming, the Powder River Basin is being forecasted as part of a potential oil boom, thanks to the area’s largely untapped oil prospects. As major energy companies become increasingly interested in the region, industry analysts are nearly unanimous in recognizing the tremendous potential of the basin’s conventional and tight formations. Once deemed unreachable, the reserves of the area’s tight formations have recently been unlocked as a result of major improvements in drilling technologies.
Falcon Crest Energy, Inc. (OTC: FCEN), a development stage oil and gas exploration and production company, has strategically positioned itself to capitalize on the Powder River Basin’s potential through its 75% working interest in nearly 600 acres of oil-rich property in the region. Using newly developed techniques, the company has played a part in the region’s recent boom in oil production, which rose from 38,000 barrels per day in 2009 to 78,000 barrels per day in 2014, according to a report from the U.S. Energy Information Administration.
While the presence of oil in the Powder River Basin region has long been acknowledged, operators have been forced to bypass its primary rock formations for decades as a result of inferior drilling techniques. Now, thanks to the availability of better drill bits, advances in horizontal drilling technology, improved seismic mapping and hydraulic fracking practices required to achieve adequate flow rates, the region’s massive potential has experts on the edges of their seats.
Patrick Johnson, chief executive officer of Falcon Crest, eluded to the company’s strong strategic position in a recent press release. “We’re excited to have an established presence in such a high-interest region offering such incredible opportunity,” he stated. “We believe that with increasing interest factors regarding the vast potential in the Powder River Basin, Falcon Crest is strongly positioned in the right place and at the right time.”
Falcon Crest is currently seeking to rapidly increase production levels through improvements in oil and gas production technologies. Through the use of acquisitions and joint-ventures, the company adheres to a clearly defined strategy designed to maximize production capacity while generating predictable, sustainable value for its investors.
For more information on the company, visit www.FalconCrestEnergy.com.
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Located in Northeast Wyoming, the Powder River Basin is being forecasted as part of a potential oil boom, thanks to the area’s largely untapped oil prospects. As major energy companies become increasingly interested in the region, industry analysts are nearly unanimous in recognizing the tremendous potential of the basin’s conventional and tight formations. Once deemed unreachable, the reserves of the area’s tight formations have recently been unlocked as a result of major improvements in drilling technologies.
Falcon Crest Energy, Inc. (OTC: FCEN), a development stage oil and gas exploration and production company, has strategically positioned itself to capitalize on the Powder River Basin’s potential through its 75% working interest in nearly 600 acres of oil-rich property in the region. Using newly developed techniques, the company has played a part in the region’s recent boom in oil production, which rose from 38,000 barrels per day in 2009 to 78,000 barrels per day in 2014, according to a report from the U.S. Energy Information Administration.
While the presence of oil in the Powder River Basin region has long been acknowledged, operators have been forced to bypass its primary rock formations for decades as a result of inferior drilling techniques. Now, thanks to the availability of better drill bits, advances in horizontal drilling technology, improved seismic mapping and hydraulic fracking practices required to achieve adequate flow rates, the region’s massive potential has experts on the edges of their seats.
Patrick Johnson, chief executive officer of Falcon Crest, eluded to the company’s strong strategic position in a recent press release. “We’re excited to have an established presence in such a high-interest region offering such incredible opportunity,” he stated. “We believe that with increasing interest factors regarding the vast potential in the Powder River Basin, Falcon Crest is strongly positioned in the right place and at the right time.”
Falcon Crest is currently seeking to rapidly increase production levels through improvements in oil and gas production technologies. Through the use of acquisitions and joint-ventures, the company adheres to a clearly defined strategy designed to maximize production capacity while generating predictable, sustainable value for its investors.
For more information on the company, visit www.FalconCrestEnergy.com.
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
