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Synergy Adding Third Rig at Wiedeman Lease

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Synergy Adding Third Rig at Wiedeman Lease

Synergy Resources Corporation has entered into a turn-key drilling contract with Ensign Drilling Company of North America for a third automated drilling rig (ADR) to drill a minimum of eight horizontal wells on Synergy's Wiedeman lease.

Synergy has the option to retain the additional rig on a pad by pad basis going forward. Synergy has also extended its turn-key drilling contract with Ensign for Rig #134 through December 31st, 2014. Ensign Rig #131 remains under its original contract terms with Synergy through the end of 2014. 

Craig Rasmuson, Chief Operating Officer of Synergy, commented, "We are very pleased to announce the expansion and extension of our turn-key drilling contracts with Ensign. As our activities in the Wattenberg Field increase, it is important to secure these ADR rigs…

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