Savoy Energy Corp. (SNVP.OB) Sees Big Potential in Eagleford
Savoy Energy Corporation, an oil and gas company known for the re-working of previously abandoned sites, is focusing on getting oil and gas from source rocks. The primary emphasis is in the Texas Cretaceous Trend, the largest single pool field in Texas, which has already given up over 1.2 billion barrels. The plan is to establish long-term, maintenance-light production from existing completions, providing the cash flow to then push into areas where proven resources have yet to be exploited. Of particular interest to Savoy is the Eagleford Shale Formation in south Texas. The oil quality in the company’s focus area…