Falcon Crest Energy
strategizes to minimize risks associated with oil and gas exploration by
developing proved petroleum reserves in North America. At the same time, the
development-stage exploration and development company strives to maximize
profit by strategically acquiring and liquidating selected oil and gas
properties.
Complementary to these
objectives, Falcon Crest’s approach is to utilize advanced oil and gas
production technologies to rapidly increase production levels and generate
predictable, sustainable value. On course with this plan, the company recently
acquired the remaining 25% of, and now currently owns a 100% working interest
in, nearly 585 acres in Crook County, Wyoming.
By acquiring the remaining
interest in the leasehold, Falcon Crest has maximum flexibility in terms of
exploring and developing the project. With exploration of the leasehold in its
final stages, Falcon Crest is now focused on what makes the play particularly
attractive, namely shallow drilling depths of less than 300 meters.
The company’s broader
focus on the Powder River Basin is validated by industry forecasts that the
state of Wyoming is on the verge of a second oil boom. Falcon Crest, as well as
major energy companies and industry analysts, recognize the tremendous untapped
potential of the Powder River Basin’s conventional and tight formations and are
gearing up for action.
By steadily increasing its
interests in the Powder River Basin, Falcon Crest plans to be an active part of
the opportunistic, highly anticipated drilling frenzy in Wyoming.
For more information,
visit www.FalconCrestEnergy.com.
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