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Falcon Crest Energy, Inc. (FCEN) Gains Ground in Oil & Gas Market
Falcon Crest Energy is a development stage company engaged in oil and gas exploration and production. The company concentrates on acquiring minimal risk, high-upside North American properties that have significant exploration potential.
Falcon Crest Energy intends to follow a clear and focused strategy. It will strive to augment its production capacity by sticking to wholly-owned acquisitions and joint ventures, aiming to swiftly increase its production levels and create long-lasting value by leveraging advancements in oil and gas production technologies. Lastly, it will attempt to reduce exploration risk and boost profit by developing proven petroleum reserves as well as strategically acquiring and liquidating select oil and gas properties.
Falcon Crest Energy recently gained ground in its operations. In August 2014, the company acquired significant leasehold in the Powder River Basin in Wyoming. Falcon Crest leased the lands from the United States Bureau of Land Management and, per its agreement with the BLM, now holds a 75% working interest in the approximately 585 acres of federal land that make up the Powder River Basin. With this acquisition, the Falcon Crest team has laid out a solid foundation for the company to thrive in the North American oil and gas market.
Management at Falcon Crest is stanch about building a leading exploration and production company, and is committing resources to meet the growing demand for reliable energy. Several other acquisitions are already in the pipeline. Falcon Crest will also continue to seek out opportunities to add private leasehold rights to the federal lands being leased.
For more information, visit www.FalconCrestEnergy.com
