Formerly
Innocent, Inc., Falcon Crest Energy has been making progress in its bid to
capitalize on the copious reserves of Wyoming’s Powder River Basin. In a late
August headline, the company announced it had acquired leasehold in federal
lands in the 24,000-square-mile, oil-rich area from the United States Bureau of
Land Management. That brought Falcon Crest Energy to a 75% working interest in
around 585 acres, and the company continues to aggressively look for more
opportunities on federal land.
According
to the Wyoming Oil and Gas Conservation Commission, the Powder River Basin
produced about 30 million barrels of oil in 2013, up 43% from 17 million
barrels in 2009. In this historically well-performing region, Falcon Crest
Energy has identified the areas where objective, oil-bearing formations are
located less than 2,500 feet below the surface as its points-of-interest. For
these endeavors, Falcon Crest Energy has tapped Evergreen, a seasoned provider
with other 150 years of experience in the oil and gas industry, for the general
management role of these exploratory efforts.
On
top of a savvy, insightful, and recently formed advisory board, Falcon Crest
Energy is buoyed by its savvy, forward-thinking senior leadership and
exploration team members. At the helm is company CEO and Director Patrick
Johnson, a professional with c-level experience in a variety of industries,
including the oil and gas, consumer products, and nutraceuticals industries.
Mr. Johnson has also been involved in consultative roles across many sectors,
including private equity, mining, entertainment, gaming, construction,
corporate finance, and more. Together, the members of Falcon Crest’s leadership
and exploration teams boast of more than 150 years of combined professional
expertise.
For
future business endeavors, Falcon Crest has signified that it has many other
opportunities in its pipeline. Falcon Crest has committed itself to a business
model of acquiring low-risk, high-upside properties coupled with substantial
exploration potential. Continuously operating according to a narrow, defined
strategy, the company continues to look out for opportunities consisting of
strategic acquisitions or joint ventures with strong potential value.
For
more information, visit: www.FalconCrestEnergy.com
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