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Falcon Crest Energy, Inc. (FCEN) Ready for Wyoming Oil Boom
There is little question that the Bakken oil shale play in North Dakota is making a large impact on world oil prices. Horizontal drilling and fracking efforts started several years ago have finally begun to bear fruit in adding significant amounts of oil to the global commodity market, which in the short-term is pinching the economies of several OPEC-member nations.
Energy independence is within reach, and the U.S. will move further toward achieving that goal as several plays in Wyoming begin producing oil supply through horizontal drilling and fracking techniques similar to those employed in North Dakota.
Falcon Crest Energy is a top development-stage oil and gas company perched in the Powder River Basin of Wyoming, which analysts believe is a powderkeg of energy supply due to explode with the first extractions in 2015.
Falcon Crest has a 75-percent interest in about 600 acres in the Powder River Basin, which is expected to be drilled early in 2015 with the first supplies of oil heading to refineries by early 2016. As is a development-stage company, Falcon Crest is expected to lead the initial development of the Powder River Basin area, and the current timetable suggests that Falcon Crest is positioned to reap rewards from its 600-acre stake in the near future.
The Powder River Basin is not a new play – oil drilling and exploration in the area date back to the 1890s. The region has an oil-rich history, but the technology of the past rendered much of the oil unattainable. Technological advances over the last 30 to 40 years has changed that and have sparked renewed interest in the basin. Thanks to these new technologies, accessible oil reserves are expected to be much greater than first believed, which means Falcon Crest is positioned for tremendous financial growth.
For more information, visit www.FalconCrestEnergy.com.
