SOURCE: Synergy Resources Corporation
PLATTEVILLE, CO--(Marketwire - March 11, 2013) - Synergy Resources Corporation (NYSE MKT: SYRG), a Colorado based oil and gas company with assets in the D-J Basin in Colorado and Western Nebraska, announces operations update in the Wattenberg Field.
During Synergy's fiscal second quarter which ended February 28, 2013, the company successfully completed and brought into production 22 vertical wells in the Wattenberg Field. Of the 22 operated wells, twenty were completed in the Codell formation, one commingled in the Codell/Niobrara, and one in the Greenhorn formation. Six of the wells were brought into production during December and January, the remaining 16 wells came on line the third week of February. Synergy's owns a 100% working interest in these wells.
Additionally, Synergy continues to participate in both vertical and horizontal wells as a non-operator with various operators throughout the D-J Basin.
Craig Rasmuson, Vice President of Operations, commented, "We continue to achieve 100% success rate in our vertical drilling program. All twenty seven wells we drilled and completed in this fiscal year's program are now in production. We look forward to beginning our operated horizontal drilling program in the third and fourth quarter."
About Synergy Resources Corporation
Synergy Resources Corporation is a domestic oil and natural gas exploration and production company. Synergy's core area of operations is in the Denver-Julesburg Basin, which encompasses Colorado, Wyoming, Kansas, and Nebraska. The Wattenberg field in the D-J Basin ranks as one of the most productive fields in the U.S. The company's corporate offices are located in Platteville, Colorado. More company news and information about Synergy Resources is available at www.syrginfo.com.
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