Corporate Info

Company Overview

Synergy Resources Corporation commenced operations in 2008 and is based in Denver, Colorado.  The company engages in the acquisition, exploitation, exploration, development, and production of oil and natural gas assets primarily located in the Greater Wattenberg Field in the Denver-Julesburg Basin in northeast Colorado. As of December, 2015 our estimated net proved oil and gas reserves as prepared by Ryder Scott Company equated to 66 MM BOE (barrels of oil equivalent).  

Highlights 

  • Production Growth

    • Net oil and gas production increased 34% to 1,010 MBOE in Q2 2016 vs 755 MBOE in Q2 2015.

    • Averaged 11,098 BOE per day in Q2 2016 vs 8,299 BOE per day in Q2 2015

  • Concentration in Greater Wattenberg Area 

    •  In addition to the 96 gross horizontal wells in production in the Wattenberg Field, the company has 8 wells drilled and uncompleted, 14 wells being completed and 22 wells being drilled.  The company also plans to drill 102 gross mid and long lateral wells throughout the year in 2017 and intends to complete 95 gross mid and long lateral wells.  Approximately 55% of the wells planned to be completed in 2017 will have mid-length laterals while the remaining wells will have long or extended reach lateral lengths. 

    •  The Company 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.