The planned divesting assets include around 47 producing wells, seven central production facilities and three SWD wells.
Current net production from the assets is around 2,492boepd, comprising 95% oil and natural gas liquids, and is projected to reach around 6,600boepd in 2015, based on the current two rig development program.
The selling properties cover around 6,473 gross or 5,197 net acres, which is mostly held by production, according to the company.
Savoy said that the net proved reserves are 7.1 million barrels of oil equivalent (BOE) with a PV-10 value of $321.7m, of which 55% is proved developed.
