Falcon Crest Energy is uniquely aware The Powder River Basin
is a critical region for oil production in Wyoming. This statistic is supported
by industry insiders who say region is poised to produce a second oil boom.
While it may not be as large as “boom No.1” which produced approximately 160
million barrels in 1970, oil production increases have been consistently steady
since 2009. What’s notable is that current production is up 12 percent from
2009, with over 57.5 million barrels of oil produced in 2012.
Oil production in the Powder River Basin is derived
primarily from the Cretaceous age Frontier Formation, the Shannon and Sussex
sandstone members of the Cody Shale, and the Mesaverde Formation. Oil shows
were previously noted when drilling through these formations to the deeper
conventional Tensleep Sandstone oil reservoirs. While this was occurring the
shows could not be quantified to attract the investment needed for economic
development. Recent technological advancements, such as lengthy horizontal wells,
multi-lateral completions and multi-stage hydraulic fracturing, are enabling
economic production of oil from these formations.
In the middle of this promising regional activity is Falcon
Crest Energy. FCEN is a development stage company committed to building
shareholder value in oil and gas exploration and production. Most notably, FCEN
owns significant leasehold rights in the northeast corner of the state where
the Powder River Basin is situated. In its agreement with the US Bureau of Land
Management, the company holds a 75% working interest in 585 acres of federal
land within the Powder River Basin and is active in executing a business
strategy which shows promise for growth within the oil and gas market in North
American.
Falcon Crest’s management is committed more than ever to
building a leading exploration and production company through allocating
resources to meet the trending demand for reliable energy. With several pending
acquisitions on the drawing board, Falcon Crest continues to look for opportunities
to add private leasehold rights to the federal lands being leased.
For more information on the company, visit
www.FalconCrestEnergy.com
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