Archive for April, 2010
Savoy Energy Corporation Converts Second Producing Well to Full Electric Power
Conversion Will Increase Efficiency While Reducing Maintenance Costs HOUSTON, Apr 26, 2010 (GlobeNewswire via COMTEX) — Savoy Energy Corporation (OTCBB:SNVP), an independent oil and gas company, announces today that it has completed the conversion of the Zavadil #1 well located in Gonzales County, Texas from propane engine to electric motor to operate the well’s pump [...]
Pickens Pushes Case for Natural Gas As A Solution For Americas Dependence On Foreign Energy
As the nations three largest coal producers emphasized their role to congress as providers of cheap electricity and attempted to diminish the case for natural gas and the emerging conventional wisdom that North Americas natural gas supply is abundant enough and cheap enough to replace coal. T. Boone Pickens, the Texas oil tycoon turned clean [...]
Decline in U.S. Natural Gas Imports is Causing Panic in Leading Exporting Nations
BY KERRI SHANNON, Associate Editor, Money Morning The world ‘s biggest natural gas exporters met today (Monday) in Algeria and agreed to index gas prices to oil as shrinking U.S. natural gas imports are causing a global supply glut. “All ministers agreed and supported that we continue our efforts to achieve indexing gas to oil,” said Russian Energy [...]
China, Europe Lapping the United States in the Clean Energy Race
BY KERRI SHANNON, Associate Editor, Money Morning If the United States doesn’t take drastic measures to engineer new clean energy policies and investment initiatives, it will continue to take a back seat to China and Europe, which are driving the clean energy market toward a profitable future. Both clean energy companies and a skilled workforce are heading overseas, [...]
Savoy Energy Corp. Secures Revenue Interest, Estimated Recoverable Reserves of 27k Barrels of Oil
Estimated Production Should Reach 50 Barrels of Oil Per Day HOUSTON, Mar 31, 2010 (GlobeNewswire via COMTEX) — Savoy Energy Corporation (OTCBB:SNVP) an independent oil and gas company announces today it has secured working and revenue interest in a new well with Paragon Petroleum, Inc. of Houston, Texas.
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