This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Synergy Resources Announces Drilling Of First 23 Wells Of 2012 Fiscal Drilling Program









PLATTEVILLE, Colo., Jan. 12, 2012 /PRNewswire/ -- Synergy Resources Corporation (NYSE Amex: SYRG), a domestic oil and gas exploration and production company focused in the Denver-Julesburg Basin (the "D-J Basin"), today provided an update on the Company's recently drilled wells at its prospects known as the Margil, Haythorn, Cletcher, and Leffler.

Margil Wells

On its DeClar farm-in, Synergy has drilled, completed and brought on-line six-wells at the first Margil drill site.  The six wells produced 212 barrels of oil equivalent per day during December 2011, the first full month of production. All six wells were drilled to the J-Sand. Four of the six wells were completed in the Codell, one well was completed in the J-Sand, and one well was dually completed in the Codell / Niobrara formations.  The dual completion well is currently producing from the Niobrara formation and the Codell formation is behind a bridge plug.  Due to weather and right-of-way issues affecting pipeline construction, the Company encountered slight delays on first production which was expected during the last week of October 2011; however, the six Margil wells are currently flowing into the pipeline with no constraints.  Synergy holds a 100% working interest (WI) and an 80% net revenue interest (NRI) at the Margil six-well prospect.

At the second Margil drilling location, all five wells were drilled to the J-Sand and completion activities are underway. Synergy expects first production from the five-well Margil prospect in February 2012. The Company owns a 100% WI and an 80% NRI on the prospect.

Haythorn Five-Well Prospect Sees First Production

All five Haythorn wells were successfully drilled and completed in the Codell formation. The five wells commenced production during the first week of January and initial "30-day" results will be available in February.  Synergy owns a 100% WI and 82% NRI in the wells.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,113.54 +61.81 0.36%
S&P 500 1,983.53 +9.90 0.50%
NASDAQ 4,456.0160 +31.3120 0.71%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs