Archive for May, 2010
Oil Company poised for 500-1000% Growth
Find out how Savoy Energy Corporation is positioning itself for significant Growth in 2010!
History Of The Texas Oil Industry
The modern Texas oil industry began in January of 1901 when the now-famous gusher burst out of the ground at Spindletop, near Beaumont. The well produced over 75,000 barrels of oil a day, more than the rest of the United States’ oil wells combined. The reaction was immediate; land speculators and men hoping to strike [...]
Lease Provides Access to Austin Chalk Formation and Eagle Ford Shale
HOUSTON, May 20, 2010 (GlobeNewswire via COMTEX) — Savoy Energy Corporation (OTCBB:SNVP), an independent oil and gas company, announced today that it has entered into a lease for a 144 acre property in Gonzales County, Gonzales, Texas. The leased property includes proven non-producing reserves in the Austin Chalk formation. The Company believes that there may [...]
The Eagle Ford Shale
The Eagle Ford Shale is quite an interesting location situated on the outskirts of the town Eagle Ford in South Texas. The Eagle Ford Shale is located just below the Austin Chalk and just above the Edwards limestone formation. It is estimated that some areas of the Eagle Ford shale can go down as deep [...]
Savoy Energy Corporation Announces the Closing of Third Round of Financing
Funding Assists Company in Expediting Internal Growth HOUSTON, May 13, 2010 (GlobeNewswire via COMTEX) — Savoy Energy Corporation (OTCBB:SNVP) an independent oil and gas company announces today that it has closed a third round of funding transactions for 2010. With this additional funding, the company has further paid down aged debt obligations and has increased [...]
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