Synergy Resources Corp. (SYRG) Provides Wattenberg Field Drilling Update
Synergy Resources Corp., an aggressive young domestic hydrocarbon E&P, with major operations in the Denver-Julesburg Basin (as of Aug. 12: 170k gross acres, 148k net acres under lease), issued an operations update covering major developments in the Pratt drilling program and progress of drilling on the DeClar Oil & Gas farm-in acreage in the Wattenberg Field. Initial production rates on three of the Company’s Pratt wells in conjunction with existing success in the play has bolstered morale at SYRG, leading to positive outlook for the Pratt program as a solid low-cost earner: • Pratt 24-29D (Codell formation, 24-hour period) 129…