Falcon Crest Energy, Inc. (FCEN) Nears Completion of Exploration Plan for Rocky Ford Field Play
As Falcon Crest Energy nears completion of the development of its exploration plan for its working interest in Rocky Ford Field, the company is preparing to make big waves in one of the most active oil and gas drilling regions on the planet.
Falcon Crest leased the property, which is located in Crook County, Wyoming, from the United States government in September 2014. In early February, the company announced that it had secured a 100 percent working interest in the pivotal land package. Big expectations for the property have both executives of the developmental stage oil and gas company and investors excited for Falcon Crest’s short-term growth potential, and industry statistics seem to validate their optimism.
Ranging from Southern Canada to Northern Wyoming, the Bakken formation has been the site of an unprecedented oil boom in recent years. Since 2009, the number of producing wells in the region has grown by over 1000 percent, according to official reports from the North Dakota State Government. Falcon Crest’s working interest, which lies on the outskirts of the Bakken formation, could be among the most profitable of all drilling locations in the area.
Unlike the majority of Bakken oil deposits, which require complicated and expensive drilling techniques, the outlook for Falcon Crest’s play remains promising, even in the face of lower oil prices. According to Patrick Johnson, Chief Executive Officer of Falcon Crest, the company’s play has shallow drilling depths, making it a safe option to explore even with decreasing market costs.
“We believe we can do very well even at $50 oil,” stated Johnson, “and believe the markets will soon be turning to these kinds of conventional non-shale, non-fracking opportunities.”
Falcon Crest is in a strong position to capitalize on falling oil prices, as experts in the industry predict a shift back towards more conventional drilling locations in order to cut down on production costs. As the company continues working in line with its strategy to maximize its production capacity, expect Falcon Crest to make major leaps in the oil and gas industry in the coming years.
For more information on the company, visit www.FalconCrestEnergy.com.
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
As Falcon Crest Energy nears completion of the development of its exploration plan for its working interest in Rocky Ford Field, the company is preparing to make big waves in one of the most active oil and gas drilling regions on the planet.
Falcon Crest leased the property, which is located in Crook County, Wyoming, from the United States government in September 2014. In early February, the company announced that it had secured a 100 percent working interest in the pivotal land package. Big expectations for the property have both executives of the developmental stage oil and gas company and investors excited for Falcon Crest’s short-term growth potential, and industry statistics seem to validate their optimism.
Ranging from Southern Canada to Northern Wyoming, the Bakken formation has been the site of an unprecedented oil boom in recent years. Since 2009, the number of producing wells in the region has grown by over 1000 percent, according to official reports from the North Dakota State Government. Falcon Crest’s working interest, which lies on the outskirts of the Bakken formation, could be among the most profitable of all drilling locations in the area.
Unlike the majority of Bakken oil deposits, which require complicated and expensive drilling techniques, the outlook for Falcon Crest’s play remains promising, even in the face of lower oil prices. According to Patrick Johnson, Chief Executive Officer of Falcon Crest, the company’s play has shallow drilling depths, making it a safe option to explore even with decreasing market costs.
“We believe we can do very well even at $50 oil,” stated Johnson, “and believe the markets will soon be turning to these kinds of conventional non-shale, non-fracking opportunities.”
Falcon Crest is in a strong position to capitalize on falling oil prices, as experts in the industry predict a shift back towards more conventional drilling locations in order to cut down on production costs. As the company continues working in line with its strategy to maximize its production capacity, expect Falcon Crest to make major leaps in the oil and gas industry in the coming years.
For more information on the company, visit www.FalconCrestEnergy.com.
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
