The lease has been identified as being within the ‘oil window’ of the Eagle Ford Shale formation and is contiguous to other acreage under contract.
Savoy Energy CEO Arthur Bertagnolli said that the addition of this acreage to one of the company’s units provides the contiguous growth necessary to achieve optimal size needed for development.
"As with other tracts we are in the process of acquiring, this tract also maintains the same positive geological data with reference to the Eagle Ford Shale," Bertagnolli said.
Savoy Energy is focused on identifying abandoned oil and gas assets, which are then brought online through re-completion and work-over activities.
