PLATTEVILLE, CO--(Marketwired - December 16, 2014) - Synergy Resources Corp. (NYSE MKT: SYRG) (Synergy), a U.S. oil and gas exploration and production company with operations focused in the Greater Wattenberg Area in the D-J Basin has closed on the purchase of certain assets from a private operator ("seller") in the Wattenberg Field as previously disclosed on October 30th, 2014. The assets include leases that are all held [...]
PLATTEVILLE, CO--(Marketwired - October 30, 2014) - Synergy Resources Corp. (NYSE MKT: SYRG) (Synergy), a U.S. oil and gas exploration and production company with operations focused in the Greater Wattenberg Area in the D-J Basin, on October 30th, 2014 announced that it has signed a purchase and sale agreement for producing wells and leaseholds in the Wattenberg Field from a private party. The transaction has an effective [...]
Full Year Revenues up 125% to Record $104 Million, Driving Operating Income up 122% to $43.5 Million and Net Income per Diluted Share up 131% to $0.37; Company to Host Investor Conference Call Today, October 28th, at 12:00 Noon ET PLATTEVILLE, CO--(Marketwired - October 28, 2014) - Synergy Resources Corp. (NYSE MKT: SYRG), a U.S. oil and gas exploration and production company focused on the Greater Wattenberg Area of [...]
PLATTEVILLE, CO--(Marketwired - October 16, 2014) - Synergy Resources Corp. (NYSE MKT: SYRG), a U.S. oil and gas exploration and production company focused in the Greater Wattenberg Area of the Denver-Julesburg Basin, announces that its proved reserve evaluation for the 2014 fiscal year ending 8/31/2014 increased 133% to 32.2mm/BOE compared to 13.8mm/BOE for fiscal year end 8/31/2013 and the PV10 value of the proved [...]
PLATTEVILLE, CO--(Marketwired - September 30, 2014) - Synergy Resources Corp. (NYSE MKT: SYRG), a U.S. oil and gas exploration and production company focused in the Denver-Julesburg Basin, reported that it reached a peak production rate of 8,700 BOED in late August as flush production from the six wells on its Eberle pad came on line. The Eberle pad was the fourth pad in as many months to begin producing, as Synergy [...]
Synergy Resources has entered into a Joint Development Agreement (Agreement) with Johnson Production Corporation (JPC) and Kodiak Petroleum, Inc. (Kodiak), both Colorado corporations, to drill oil wells and develop acreage in Dundy County Nebraska. The Agreement covers a defined area of 8,011 net mineral acres in Dundy County, Nebraska, (the "Contract Area") and provides for the drilling of up to ten wells. It has an [...]
Synergy Resources provides an update of its production and operations in the Wattenberg Field. Production rates for Synergy's recent horizontal wells follow*:
Synergy Resources has entered into a turn-key drilling contract with Ensign Drilling Company of North America for a third automated drilling rig (ADR) to drill a minimum of eight horizontal wells on Synergy's Wiedeman lease. Synergy has the option to retain the additional rig on a pad by pad basis going forward. Synergy has also extended its turn-key drilling contract with Ensign for Rig #134 through December 31st, 2014 [...]
Revenues up 108% to $25.7 Million, Driving Operating Income up 131% to $11.3 Million and Net Income of $0.09 per Share; Company to Host Earnings Conference Call Today, July 9th, 2014 at 12:00 p.m. ET 877-407-9122 Toll Free Dial-In, 201-493-6747 International/Local Dial-In
Synergy Resources is pleased to announce that Jack N. Aydin has agreed to join the Board of Directors effective July 2nd, 2014. Mr. Aydin has 46 years of experience as an analyst covering the oil and gas sector and has focused on emerging growth companies with assets in North American shale plays for the past eleven years. Mr. Aydin has been recognized numerous times by leading financial publications for his expertise in [...]
Synergy Resources has provided an operational update of its fiscal 2014 drilling program. In early May, Synergy brought on production five of six wells planned on the Phelps pad. The five wells averaged 26 frac stages and are comprised of two Niobrara C wells, one Niobrara B well and two Codell wells. Three of the wells were completed using sliding sleeves and two of the wells were completed using the plug and perf [...]
Synergy Resources announced that the borrowing base on its $300 million credit facility led by Community Banks of Colorado has increased to $110 million. The credit facility has been extended from a maturity date of November 2016 to a new maturity date of June 2019. The facility bears interest at a floating rate based upon LIBOR or Prime Rate plus a margin, with a floor interest rate of 2.5%.