Synergy Resources Corp. (SYRG) Secures $15 Million Line of Credit
Synergy Resources Corp. is a domestic oil and natural gas exploration and production company. The company core area of operations is in the Denver-Julesberg Basin, which encompasses Colorado, Wyoming, Kansas and Nebraska. The Wattenberg field in the Basin is the 7th largest field in the U.S. as far as proved gas reserves and 9th in production. The company today announced it has increased its $7 million revolving line of credit to a $15 million revolving line of credit from the Bank of Choice. The new borrowing arrangement has a maturity date of November 30, 2014, with all outstanding principal due…