Falcon Crest Energy, Inc. (FCEN) Working to Unleash the Oil Production Potential of the Powder River Basin
Located in Northeast Wyoming, the Powder River Basin is being forecasted as part of a potential oil boom, thanks to the area’s largely untapped oil prospects. As major energy companies become increasingly interested in the region, industry analysts are nearly unanimous in recognizing the tremendous potential of the basin’s conventional and tight formations. Once deemed unreachable, the reserves of the area’s tight formations have recently been unlocked as a result of major improvements in drilling technologies. Falcon Crest Energy, Inc. (OTC: FCEN), a development stage oil and gas exploration and production company, has strategically positioned itself to capitalize on the…