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FCEN Gains Interest in Wyoming’s Powder River Basin
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
