Followers | 437 |
Posts | 42954 |
Boards Moderated | 2 |
Alias Born | 05/08/2006 |
Wednesday, March 11, 2015 9:45:39 AM
Falcon Crest Energy, a development stage oil and gas exploration and production company, has a clear cut strategy for maneuvering through a volatile period in the energy sector and leverages the Rocky Ford Field in Crook County, Wyoming, for home field advantage.
Through its agreement to lease federal lands from the United States Bureau of Land Management in the fall of last year, FCEN kept a 75% working interest in 585 acres in Rocky Ford Field in the northeast corner of the state, but turned the remaining working interest holders into a royalty position.
Chief Executive Officer, Patrick Johnson, commented, “Having a 100% working interest in the land package gives us maximum flexibility in terms of exploring and developing the project. We are just finishing up our exploration plan and hope to be making some announcements in this regard in the very near future. What makes this play particularly attractive is that the drilling depths on this play are shallow (less than 300M) making it very low cost to both explore and develop. We believe we can do very well even at $50 oil, and believe the markets will soon be turning to these kinds of conventional non-shale, non-fracking opportunities.”
With the decline in oil prices recently, supply is clearly outpacing demand around the world. As prices begin to tickle record lows, conventional non-shale, non-fracking plays are expected to make a comeback as companies work to meet requisite production cost goals. Falcon Crest’s working interest in Crook County, Wyoming, has keenly positioned itself to capitalize on what could turn out to be a paradigm shift in how oil is produced around the world for decades to come.
Falcon Crest Energy is focused on developing properties in the US and Canada. The company, by design, works at minimizing the risk of exploration through development of proved petroleum reserves. In addition, FCEN plans to maximize profit through strategic acquisitions of selected oil and gas properties. With technological advances in oil and gas production, FCEN endeavors to increase production levels and generate predictable, sustainable value for shareholders.
For more information on the company, visit www.FalconCrestEnergy.com
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM