Synergy Resources – Oil & Gas 360

Colorado: Weld County Just Created its Own Oil & Gas Department Oil & Gas 360

Synergy Resources Divests 10,000 DJ Acres for $71 Million

January 13, 2017

Synergy will pursue further A&D opportunities in the DJ Synergy Resources Corporation (ticker: SYRG) announced it has entered into a purchase-sale agreement with a private party to divest 10,000 net undeveloped acres and approximately 700 BOEPD of associated production for $71 million. The divested acres are outside of its core Wattenberg development area in Colorado’s DJ Basin. The transaction is expected to close in

Oil and Gas Capex Set to Rise for the First Time Since 2014

September 23, 2016

BMI Research forecasts 2.5% increase in oil and gas capex for 2017 The oil and gas industry is expected to increase spending next year for the first time following the crash in oil prices at the end of 2014, according to BMI Research. The research group, which is affiliated with Fitch Ratings parent company Fitch Group, believes oil and gas

Synergy Resources Gives 2017 Guidance for Wattenberg Operations

September 7, 2016

Synergy expects to drill 102 gross Wattenberg wells Synergy Resources (ticker: SYRG) announced its full-year 2017 production and capex guidance, as well as an operations update. Synergy has identified over 1,000 gross drilling locations with mid to long laterals (~7,500′ to ~9,500′) across its consolidated Greeley Crescent (GC) acreage position. Based on current analysis, 20 to 24 wells per drilling

Synergy and Noble Announce a $500 Million Wattenberg Deal this Week

May 6, 2016

The Colorado Supreme Court ruling against cities issuing frac bans must have caused sweet dreams for E&P operators all over the Wattenberg field in northern Colorado, where two municipalities had attempted to stop hydraulic fracturing. Before the ink could dry at the courthouse, new deals were announced. Synergy Resources (ticker: SYRG) announced a deal with Noble Energy (ticker: NBL) this week in which Synergy will acquire

Synergy Resources Announces Pricing of Common Stock Offering

May 4, 2016

DENVER, CO — (Marketwired) — 05/04/16 — Synergy Resources Corporation (“Synergy” or the “Company”) (NYSE MKT: SYRG) today announced that it has priced its previously announced public offering of 45 million shares of its common stock for total gross proceeds (before underwriters’ compensation and estimated expenses) of approximately $261 million. The Company has granted the underwriters an option for 30 days to

Synergy Resources Prices a $180 Million Equity Raise

April 11, 2016

Synergy equity deal expected to raise $150 million in initial offering with $30 million greenshoe offering Denver-based Synergy Resources (ticker: SYRG) announced a public offering of 19.5 million shares of its common stock for total proceeds of approximately $150 million, according to a company statement. Synergy will also allow a follow-on offering of 2.93 million shares, which would bring total

Synergy Resources CEO Lynn Peterson: an Exclusive Interview with Oil & Gas 360®

February 24, 2016

A new chief executive lands in the Wattenberg: the former Kodiak CEO talks about a new company culture, acquisition strategy and his go-forward road map for the ‘core Wattenberg’ Life before Synergy Lynn Peterson was an independent oilman from 1986 to 2001. Then, as co-founder, director, president, CEO (2002-2014), and chairman (2011-2014) of Kodiak Oil & Gas, Peterson grew Kodiak into

Increased Frac Sand Triples Output in the Eagle Ford

October 1, 2015

Producers looking to get the most out of wells are increasing volumes of frac sand In the current price environment, companies are doing everything they can to get the most out of their wells. Falling commodity prices have made wells increasingly uneconomical, a problem that is being acutely felt during quarterly reserves ceiling tests. Operators are doing everything they can

Synergy Resources Adds to DJ Basin Acreage in $78 Million Transaction

September 16, 2015

Synergy Resources (ticker: SYRG) is approaching the ownership of 100,000 net acres in the greater Wattenberg area, aided by the purchase of 4,300 net acres on September 15, 2015. The Platteville, Colorado exploration and production company secured the acreage in a deal with privately held K.P. Kauffman Company, Inc., for $78 million, consisting of 4.4 million SYRG shares and $35

Synergy Resources – Day One Breakout Notes

August 17, 2015

Lynn Peterson, president of Synergy Resources Corporation (NYSE MKT: SYRG), presented today at EnerCom’s The Oil & Gas Conference® 20. Synergy Resources Corporation is a domestic oil and natural gas exploration and production company with 451,000 gross (309,000 net) acres under lease. Synergy’s core area of operations is in the Denver-Julesburg Basin, which encompasses Colorado, Wyoming, Kansas, and Nebraska. All of the company’s

Synergy Resources: Targeting 50% Production Jump by End of August

July 10, 2015

2016 Program Fully Funded A combination of wells waiting completion and longer laterals have Synergy Resources (ticker: SYRG) projecting to exit Q4’15 (ending August 31) with volumes of 12,000 to 13,000 BOEPD. The company announced its Q3’15 volumes (three months ended May 31) averaged 8,026 BOEPD, representing a year-over-year increase of 95%. In its Q3’15 results announced on July 9,

Colorado BLM Lease Sale Nets $32.1 Million

May 18, 2015

Over 25,000 acres of federal forest land auctioned in recent BLM sale In its largest oil and gas lease sale in Colorado since 2008, the Bureau of Land Management (BLM) sold 73 parcels totaling 32,962 acres for $32.1 million last Thursday. The highest per-acre price was for a 1,919-acre parcel in Weld County, sold to Ironhorse Resources for $10,100 per

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