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Friday, November 14, 2014 1:47:02 PM
The Falcon Crest Energy team is building a solid foundation for the company to become a top-notch oil and gas explorer/producer capable of answering some of the ever-increasing demand for reliable energy nowadays. The eventual goal is to make Falcon Crest Energy a leader in the North American oil and gas market so management is committing the necessary capital and people resources to meet this objective.
Months ago, the development-stage company made its first lease acquisition as “Falcon Crest Energy,” its new name as of August 2014. The company now owns a majority of the working interest on 584.78 acres in the Powder River Basin in Wyoming. Falcon Crest Energy leased the lands from the United States Bureau of Land Management, and revealed the new leasehold acquisition during the third quarter of the year. This is the first of many projected acquisitions for the company, which is actively looking to add private leasehold rights to its portfolio and has several other acquisitions in its pipeline.
Founded in 2006 and based in Toronto, Canada, Falcon Crest Energy is a development stage company engaged in oil and gas exploration and production. Since inception, Falcon Crest Energy has concentrated on acquiring low risk, high upside North American properties that have significant exploration potential.
When it comes to its operations, the company follows a clear and focused strategy. First, it strives to increase its production capacity by sticking to wholly-owned acquisitions and joint ventures. Secondly, it aims to raise its production levels and create long-lasting value by leveraging advancements in oil and gas production technologies. Lastly, it attempts to reduce exploration risk and boost profit by developing proven petroleum reserves as well as by strategically acquiring and liquidating select oil and gas properties.
For more information, visit www.FalconCrestEnergy.com
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