Falcon Crest Energy (FCEN) Setting Up the Field for Success in Wyoming’s Thriving Powder River Basin
The advent of newer petroleum recovery technologies has substantially revitalized the Powder River Basin (PRB), which is a 43k square mile region primarily located in northeastern Wyoming and which has historically been a major source of coal for the U.S., as well as a minor source of oil and gas production. Just in the last handful of years, substantial production output has been made possible from a number of the underlying formations in the PRB that had hitherto gone largely untapped, with 2009 basically marking the kick off of a run of unprecedented production increases, with overall output up about…