Savoy Energy Corporation is an independent oil and gas company building a diversified portfolio of valuable oil and gas assets in the United States. The company is focused on identifying abandoned oil and gas assets, which are then brought online through recompletion and work-over activities.
To bring these abandoned wells online, Savoy Energy not only applies modern well technology but uses a meticulous process of evaluation and stringent management controls. This process allows the company to increase its asset base and cash flow, while significantly reducing the cost of initial drilling. This process also takes away the risk of traditional exploration projects and allows Savoy to minimize the high overhead costs of traditional exploration and production companies.
Savoy Energy’s small size is actually an advantage in their niche market of bringing abandoned wells online. There is no competition from larger and mid-sized companies, which are searching for large acquisitions and large drilling projects in order to be meaningful to a company of that size. To date, all of the company’s wells are located in Gonzales County, Texas.
Savoy Energy believes it has the experience and knowledge necessary to find the location of the best abandoned properties for acquisition. The company’s officers, directors, and geologists have over 100 years of combined experience in the oil and gas industry. Savoy Energy is focused on increasing shareholder value by acquiring the right properties, reducing the cost of bringing the wells back online, and getting the oil to flow.
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