Last $12.35 USD
Change Today +0.20 / 1.65%
Volume 24.4K
SYRG On Other Exchanges
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As of 9:51 AM 09/23/14 All times are local (Market data is delayed by at least 15 minutes).

synergy resources corp (SYRG) Snapshot

Open
$12.06
Previous Close
$12.15
Day High
$12.38
Day Low
$12.06
52 Week High
06/25/14 - $14.11
52 Week Low
01/6/14 - $8.11
Market Cap
957.8M
Average Volume 10 Days
726.6K
EPS TTM
$0.27
Shares Outstanding
77.6M
EX-Date
--
P/E TM
45.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for SYNERGY RESOURCES CORP (SYRG)

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synergy resources corp (SYRG) Details

Synergy Resources Corporation acquires, explores, develops, produces, and exploits crude oil and natural gas properties primarily located in the Wattenberg field in Denver-Julesburg Basin in northeast Colorado. The company holds interests in the Greater Wattenberg Area that covers a total acreage of 24,000 net acres in Colorado. It also holds interests in the Northern Extension Area that covers an area of approximately 20,000 net acres. The company was founded in 2007 and is based in Platteville, Colorado.

26 Employees
Last Reported Date: 07/10/14
Founded in 2007

synergy resources corp (SYRG) Top Compensated Officers

Co-Chief Executive Officer, President and Dir...
Total Annual Compensation: $530.0K
Co-Chief Executive Officer, Treasurer and Dir...
Total Annual Compensation: $530.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $180.0K
Compensation as of Fiscal Year 2013.

synergy resources corp (SYRG) Key Developments

Synergy Resources Corporation Enters into Joint Development Agreement with Johnson Production Corporation and Kodiak Petroleum, Inc. to Drill Oil Wells and Develop Acreage in Dundy County, Nebraska

Synergy Resources Corporation has entered into a joint development agreement with Johnson Production Corporation, or JPC, and Kodiak Petroleum, Inc. 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 initial term of one year, and annual extension provisions for an additional four years. JPC or Kodiak will be the operator for all wells. For each well that JPC and Kodiak drill, they will pay 5/8ths of the costs to drill and complete, and will thereby earn a 50% working interest in the well and the spacing unit. In addition, for each well that they drill, they will earn a 5% interest in Synergy's interest in the remainder of the Contract Area. If all ten wells are drilled, JPC and Kodiak will earn a 50% interest in Synergy's interest in the Contract Area. Synergy will pay 3/8ths of the cost of each well and will retain both a 50% working interest and an overriding royalty interest.

Synergy Resources Signs Joint Development Deal with Johnson Production Corporation and Kodiak Petroleum, Inc. to Drill Wells in Nebraska

Synergy Resources announced that it has entered into a joint development agreement with Johnson Production Corporation and Kodiak Petroleum Inc., 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, and provides for the drilling of up to ten wells. It has an initial term of one year, and annual extension provisions for an additional four years. Johnson Production or Kodiak will be the operator for all wells. For each well that Johnson Production and Kodiak drill, they will pay 62.5% of the costs to drill and complete, and will thereby earn a 50% working interest in the well and the spacing unit. For each well that they drill, they will earn a 5% interest in SYRG's interest in the remainder of the contract area. If all ten wells are drilled, Johnson Production and Kodiak will earn a 50% interest in SYRG's interest in the contract area. SYRG will pay 37.5% of the cost of each well and will retain both a 50% working interest and an overriding royalty interest.

Synergy Resources Provides Production Update at the Wattenberg Field; Provides Production Guidance for the Fourth Quarter and Full Year of 2014

Synergy Resources provided an update of its production and operations at the Wattenberg Field. The company announced that horizontal drilling operations and completions are progressing according to plan at the Wattenberg Field. The four Kelly Farms wells are now in early production. The six Eberle wells, which include two mid reach 7,000 foot extended lateral wells with 45-47 frac stages each, are in the final completion stage and are flowing back or in initial production. For the fourth quarter, the company expects the production to range between 5,800 BOED and 6,200 BOED and that it expects to end the fiscal year at a production rate of between 8,000 BOED and 9,500 BOED.

 

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