Falcon Crest Energy, Inc. (FCEN) Looks to Leverage
Post# of 17
Posted On: 04/01/2015 6:13:48 PM
Falcon Crest Energy, Inc. (FCEN) Looks to Leverage Presence in Rocky Ford Field
As experts continue to predict a second oil boom in Wyoming, Falcon Crest Energy, Inc. (OTC: FCEN), which has a significant leasehold in the state, has affirmed an optimistic outlook towards its strategic position.
In February, the company announced that it had acquired a 100 percent working interest in the Rocky Ford Field region of Crook County, Wyoming. In addition to being located in one of the country’s most active oil production areas, Falcon Crest has also expressed confidence regarding the shallow drilling depths required to explore and develop the leasehold. As oil prices hover near six-year lows, Falcon Crest appears to be well positioned to benefit from the region’s low exploration and development costs.
With experts likening the oil production potential in Wyoming to that currently being experienced in North Dakota, the possibility for a rapid increase in production capacity for Falcon Crest is extremely promising. As the company continues towards completion of its exploration plan for the region, look for advances in drilling technology to unlock plays that were once deemed unreachable.
The Powder River Basin leasehold has strategically positioned Falcon Crest to minimize exploration risks while maximizing production capacity and subsequent profits. According to the Petroleum Association of Wyoming, crude oil production rose over 20 percent in 2013, and the production boom has shown signs of continuing. As of early 2013, Wyoming was ranked sixth in the nation in terms of proven crude oil reserves with over 700 million barrels.
“We believe that with increasing interest factors regarding the vast potential in the Powder River Basin, Falcon Crest is strongly position in the right place and at the right time,” stated Patrick Johnson, Chief Executive Officer of Falcon Crest.
Look for Falcon Crest to leverage its established presence in the high-interest region to drive significant growth opportunities for the foreseeable future. As the area’s untapped oil prospects continue to attract significant attention from industry analysts, the company appears primed for substantial increases in production and revenue over 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 experts continue to predict a second oil boom in Wyoming, Falcon Crest Energy, Inc. (OTC: FCEN), which has a significant leasehold in the state, has affirmed an optimistic outlook towards its strategic position.
In February, the company announced that it had acquired a 100 percent working interest in the Rocky Ford Field region of Crook County, Wyoming. In addition to being located in one of the country’s most active oil production areas, Falcon Crest has also expressed confidence regarding the shallow drilling depths required to explore and develop the leasehold. As oil prices hover near six-year lows, Falcon Crest appears to be well positioned to benefit from the region’s low exploration and development costs.
With experts likening the oil production potential in Wyoming to that currently being experienced in North Dakota, the possibility for a rapid increase in production capacity for Falcon Crest is extremely promising. As the company continues towards completion of its exploration plan for the region, look for advances in drilling technology to unlock plays that were once deemed unreachable.
The Powder River Basin leasehold has strategically positioned Falcon Crest to minimize exploration risks while maximizing production capacity and subsequent profits. According to the Petroleum Association of Wyoming, crude oil production rose over 20 percent in 2013, and the production boom has shown signs of continuing. As of early 2013, Wyoming was ranked sixth in the nation in terms of proven crude oil reserves with over 700 million barrels.
“We believe that with increasing interest factors regarding the vast potential in the Powder River Basin, Falcon Crest is strongly position in the right place and at the right time,” stated Patrick Johnson, Chief Executive Officer of Falcon Crest.
Look for Falcon Crest to leverage its established presence in the high-interest region to drive significant growth opportunities for the foreseeable future. As the area’s untapped oil prospects continue to attract significant attention from industry analysts, the company appears primed for substantial increases in production and revenue over the coming years.
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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