Geologists
at Wyoming Oil & Gas Conservation Commission (WSGS) predict several trends
regarding the State of Wyoming’s energy resources, among them being a statewide
oil production increase from unconventional reservoirs. The WSGS in a February
2014 estimates that this year’s oil production will top 66 million barrels
thanks to advances in drilling and completion technologies, as well as improved
hydrocarbon recovery and regulation that encourages resource conservation.
The
Powder River Basin leads Wyoming oil production, and it is here that Falcon
Crest Energy focuses its resources and drops anchor for its corporate mission.
Falcon Crest is a development stage oil and gas exploration and production
company specializing in acquiring low risk, high upside properties with
substantial exploration potential.
The
strategy is to minimize the risk of exploration through development of proved
petroleum reserves, and to maximize profit through strategic acquisition and
liquidation of selected oil and gas properties. Improvements in oil and gas
production technologies supports Falcon Crest’s objective to rapidly increase
production levels and generate predictable, sustainable value.
Falcon
Crest’s joint-venture partner Evergreen Petroleum is working closely with the company
to explore oil-bearing formations in Wyoming and the Powder River Basin, where
objective oil-bearing formations are less than 2,500 feet below the surface.
On
par with the WSGS’s forecast, Anadarko Petroleum Corp. and Chesapeake Energy in
February said oil output in Wyoming’s Powder River Basin increased in 2013 and
is expected to continue to climb. The basin accounted for a third of the
Wyoming’s 60-million-barrel output last year. As Falcon Crest continues to
explore its opportunities in Powder River Basin, the company is positioned
itself in the prime spot for production potential.
For
additional information, visit www.FalconCrestEnergy.com
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