FORT WORTH, TX--(Marketwired - Dec 23, 2014) - Falcon Crest Energy, Inc. (OTC: FCEN) (the "Company"), a development stage oil and gas exploration and production company, today reaffirms its optimistic outlook regarding the Company's current position and potential in the Powder River Basin.

The Powder River Basin is located in Wyoming, a state many experts forecast as being on the cusp of a second oil boom. The area's untapped oil prospects are rapidly attracting the interest of major energy companies and industry analysts that recognize the tremendous potential of the basin's conventional and tight formations. Tight formations refer to oil plays that require enhanced oil recovery techniques to extract the oil such as fracking and horizontal drilling. Advances in drilling technology have unlocked plays that were once deemed unreachable, serving as a gateway to tremendous potential.

Some industry experts liken the growing potential in Wyoming to that experienced in North Dakota. The muscle behind North Dakota's oil boom is a surge in oil production from the Bakken Shale, an underground rock formation in the northwestern part of the state. North Dakota currently has an economic growth rate of 13.4%, easily outpacing the average U.S. state growth of 2.5%. Widespread speculation is that the Powder River Basin may someday see a drilling frenzy comparable to the Bakken Shale and that Wyoming may become the next North Dakota.

Falcon Crest's strategy is to take advantage of its current position in the Powder River Basin by developing proved petroleum reserves and maximizing profit through strategic acquisition and liquidation of selected oil and gas properties.

Patrick Johnson, chief executive officer of Falcon Crest, stated, "We believe that with increasing interest factors regarding the vast potential in the Powder River Basin, Falcon Crest is strongly positioned in the right place and at the right time. We're excited to have an established presence in such a high-interest region offering such incredible opportunity."

About Falcon Crest Energy

Falcon Crest Energy is a development stage oil and gas exploration and production company focused on developing properties in North America. Falcon Crest plans to minimize the risk of exploration through development of proved petroleum reserves, and expects to maximize profit through strategic acquisition and liquidation of selected oil and gas properties. Falcon Crest will focus on acquiring low risk, high upside properties coupled with substantial exploration potential. Through improvements in oil and gas production technologies, Falcon Crest seeks to rapidly increase production levels and generate predictable, sustainable value. 

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This press release contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act"). All statements other than statements of historical facts included in this report regarding our financial position, business strategy, plans and objectives of management for future operations, industry conditions, and indebtedness covenant compliance are forward-looking statements. When used in this report, forward-looking statements are generally accompanied by terms or phrases such as "estimate," "project," "predict," "believe," "expect," "anticipate," "target," "plan," "intend," "seek," "goal," "will," "should," "may" or other words and similar expressions that convey the uncertainty of future events or outcomes. Items contemplating or making assumptions about, actual or potential future sales, market size, collaborations, and trends or operating results also constitute such forward-looking statements.

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Falcon Crest Energy
Patrick J. Johnson
Chief Executive Officer