Savoy Energy Corporation (OTCBB:SNVP) has installed the Jack Shaft Reducer on their Rozella Kifer Well. The purpose of the Jack Shaft Reducer is to both increase efficiency and decrease maintenance costs, in turn the well's production life should be extended. The Rozella Kifer Well sits on 193 acres of land in Gonzales County, Texas. The estimated oil reserves for the well are estimated at 19,730 Mbbt while the gas reserves are estimated at 3,090 MMcf.
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About Savoy Energy Corporation
Savoy Energy Corporation (OTC.BB:SNVP - News) 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, a meticulous process of evaluation, application of modern well technology, 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, and takes away the risk of traditional exploration projects. Savoy Energy's financial structure allows it to minimize the high overhead of traditional E&P companies.
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