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Synergy Brings On New CFO; Shuffles Management Team

Share Print Bookmark    |    Tuesday,August 25,2015

Synergy Resources Corporation has hired James P. Henderson as Executive Vice President Finance and Chief Financial Officer.

Mr. Henderson is the former CFO of Kodiak Oil and Gas Corp. and he brings over twenty five years of oil and gas industry financial reporting and management experience to the Company. Prior to Mr. Henderson's time at Kodiak, he spent 17 years at Western Gas Resources and its successor, Anadarko Petroleum Corp.

He holds a Bachelor's degree in Accounting from Texas Tech University and a Master of Business Administration degree from Regis University in Denver.

Lynn Peterson, President of Synergy Resources, commented, "I am very pleased to have Jimmy Henderson join the team at Synergy. His experience will be instrumental as we prepare to grow the company and its asset base in the DJ Basin. We would like to take this opportunity to thank Monty Jennings who has been CFO of Synergy since the company's inception in 2008. Monty will remain a key member of the executive team as Chief Accounting Officer for Synergy."

The Company also announces the opening of a corporate office in Denver located at 1625 Broadway, Suite 300, Denver, CO 80202.

Mr. Peterson also added, "There are an increasing number of talented people in the oil and gas industry that are interested in joining a growing and financially sound company such as Synergy. Having a corporate presence in Denver is proving to be conducive to bringing these people aboard as we further strengthen our management team through hiring industry veterans including these individuals:

• Mike Eberhard, VP of Completions. Mr. Eberhard is a Petroleum Engineer with over 30 years of experience including management positions with Anadarko and Halliburton. Mr. Eberhard has spent the past four years as Completion Manager at Anadarko overseeing completion operations in the Wattenberg Field in Colorado. Prior to that he spent nearly 30 years with Halliburton, ten as Technical Manager and 20 years in other managerial, technical, and sales positions. Mr. Eberhard holds a BS in Mechanical Engineering from Montana State and is an active member of the Society of Petroleum Engineers.

• Cathleen Osborn, VP General Counsel. Ms. Osborn is a corporate attorney with nearly 30 years of experience working in the oil and gas industry. Most recently she was in house counsel for Whiting Petroleum and prior to that Kodiak Oil & Gas. Ms. Osborn received her J. D., University of Denver School of Law.

• Barry Myhr, Business Development Land Manager. Mr. Myhr has 15 years of experience in managing land assets in the DJ Basin. The past eight years he has held the position of Land Negotiator/Supervisor for Noble Energy Inc. and prior to that time was with Patina Oil and Gas Corporation, which was acquired by Noble Energy. Mr. Myhr has a B.S. from the University of Colorado in the College of Finance and Business and is a Certified Professional Landman."

Mr. William Scaff, co-CEO of Synergy, concluded, "Synergy is positioned for growth with net cash on the balance sheet and an experienced management team focused on our core asset base in the Wattenberg Field, which offers some of the most attractive rates of return in the oil and gas sector in North America. We look forward to keeping the market and our shareholders apprised of our progress going forward."