Falcon Crest Energy (PNEG) Corporate Vision Anchored to Heart of Wyoming’s Oil Industry
Geologists at Wyoming Oil & Gas Conservation Commission (WSGS) predict several trends regarding the State of Wyoming’s energy resources, among them being a statewide oil production increase from unconventional reservoirs. The WSGS in a February 2014 estimates that this year’s oil production will top 66 million barrels thanks to advances in drilling and completion technologies, as well as improved hydrocarbon recovery and regulation that encourages resource conservation. The Powder River Basin leads Wyoming oil production, and it is here that Falcon Crest Energy focuses its resources and drops anchor for its corporate mission. Falcon Crest is a development stage oil…