Synergy Resources Corp. issued an operational update on the company’s oil and gas activity at four prospect areas in the United States. The company is active in the Denver Julesburg Basin in Colorado, Nebraska, Wyoming and Kansas.
Synergy Resources reported that the company has drilled and completed five recent wells at the Haythorn prospect, with all five wells targeting the Codell formation. The wells were put onto production in January 2012, and the company expects to have thirty day production information on these wells in February 2012.
Synergy Resources has also put onto production six wells at the Margil prospect, where the company targeted the J-Sand formation. These wells produced a combined total of 212 barrels of oil equivalent (BOE) per day in December 2011.
Synergy Resources is also active at the Cletcher and Leffler prospects and drilled seven wells at these areas during the most recent quarter. The company is constructing a natural gas gathering line at the Cletcher prospect and expects three wells here to start production in February 2012.
Synergy Resources plans to start completion operations on four wells at the Leffler prospect and expects to commence production here during January 2012.
For more information on the company, go to www.synergyresourcescorporation.com
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