Falcon
Crest Energy may be under the radar for now, but it is ready for a large
development play in one of the more fertile fossil-fuel locations in North
America, known as the Powder River Basin in Wyoming.
The
company recently acquired leasehold on about 585 acres of land in the Powder
River Basin from the U.S. Bureau of Land Management. Falcon Crest now has a
75-percent interest in the land and will soon be working on developing the area
with updated technology in order to extract more oil and gas from a play that
already has a long-running reputation in oil, gas and coal deposits in the
region.
While
Falcon Crest Energy is developing the Powder River Basin play, it is also
seeking new land lease acquisitions in the area to expand its reach in hopes of
developing more low-risk, high-profit-reward developments in the area.
From
the work that Falcon Crest Energy has undertaken with the Powder River Basin,
the company seems to be sticking to its very specific mission of being
generally conservative in developing well-established energy plays to provide
maximum value and return for the company and its shareholders. Coupled with a
recent announcement of the development of a Bakken-to-Cushing pipeline that
would pick up Power River Basin oil en route to Oklahoma refineries, there is
some momentum building behind Falcon Crest Energy and its continued fracking
development work to extract even more oil and gas reserves from an already
established fertile ground.
Reports
from the state showed that crude production in Wyoming overall has been up as
much as 15 percent year-over-year from 2013, which shows that while there are
well-developed and established plays in the state, companies like Falcon Crest
Energy are still producing opportunities due to horizontal drilling and
fracking technologies that have opened up new reserves.
For
more information, visit www.FalconCrestEnergy.com
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