Falcon
Crest Energy, a development stage oil, gas exploration and production company,
announced it has acquired leasehold in the Powder River Basin from the United
States Bureau of Land Management. The company also has ownership in 75% working
interest of approximately 585 acres in Powder River Basin, Wyoming. Further
specific details are slated to be disclosed shortly, but the company is
actively looking to add private leasehold rights in addition to the Federal lands.
Chief
Executive Officer and Director, Patrick Johnson, has held C-Level positions in
the oil and gas, consumer products, and neutralceutical industries in both
public and private sectors, as well as consulting in the private equity,
mining, gaming, entertainment, internet, construction and corporate finance
industries. Mr. Johnson has assisted several charities and non-profit
organizations with his volunteer and fund raising efforts.
“Our
team members have laid a solid foundation for Falcon Crest Energy to thrive in
the North American oil and gas market,” noted CEO Patrick Johnson. “This is the
first acquisition as Falcon Crest Energy and there are several others in our
pipeline. We are committed to building a leading, exploration and production
company, dedicating our recourses to meet the ever-growing demand for
dependable energy.”
Falcon
Crest Energy is a development stage oil and gas exploration and production
company with its endeavors geared toward developing properties in North
America. Falcon Crest Energy plans to minimize the risk of exploration through
development of proved petroleum reserves, and expects to grow profit through
acquisition and liquidation of selected oil and gas properties. Falcon Crest
Energy’s business model will concentrate on the acquisition of low risk, high
upside properties in conjunction with significant exploration opportunity.
Through improvements in oil and gas production technologies and in association
with strategic partnerships, the company seeks to quickly boost production
levels and generate sustainable value on a predictive basis. Staying in sync
with a narrow, comprehensively defined strategy, PENG has focused completely on
acquisitions and joint ventures to maximize its production capacity.
For
more information, visit www.falconcrestenergy.com
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