Falcon Crest Energy, a development stage oil and gas exploration and
production company, continues to provide optimistic assurances today with
respect to its current position and outlook for potential at and within the
Powder River Basin.
The Powder River Basin is located in the northeast corner of the state of
Wyoming – a state many industry insiders feel is on the verge of a second oil
boom. The area’s untapped oil resources have been attracting the interest of
major energy companies with further interest being supplied by industry
analysts that recognize the potential of the basin’s conventional and tight
formations. Advances in drilling technology have made many oil plays that were
once determined to be out of reach, accessible. By many accounts, it now seems
the broad landscape of the basin has become an area possessing unprecedented
potential.
Industry experts report that they see Wyoming’s potential to be analogous
to that of North Dakota’s. The engine driving the North Dakota’s oil boom is a
surge in oil production from the Bakken Shale, an underground rock formation in
the northwestern part of the state. With North Dakota’s current economic growth
rate at 13.4%, it easily outpaces the average U.S. rate of 2.5%.
The company’s business model is geared to capitalize on its position in
the Powder River Basin through the development of proven petroleum reserves
while maximizing profit through strategic acquisition and liquidation of some
of its oil and gas properties.
Patrick Johnson, CEO of Falcon Crest, commented, “We believe that with
increasing interest factors regarding the vast potential in the Powder River
Basin, Falcon Crest is strongly positioned in the right place and at the right
time. We’re excited to have an established presence in such a high-interest
region offering such incredible opportunity.”
Falcon Crest Energy is a development stage oil and gas exploration and
production company whose efforts are aimed at developing properties in North
America. FCEN focusses on acquiring low risk, high upside properties coupled
with substantial exploration potential. Through improvements in oil and gas
production technologies, Falcon Crest is looks to increase production levels
and generate predictable and sustainable value for its shareholders.
For more information on the company, visit www.FalconCrestEnergy.com
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