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Synergy Progressing at Two-Rig Pad in the Niobrara

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Synergy Progressing at Two-Rig Pad in the Niobrara

Synergy Resources Corporation has provided an operational update of its fiscal 2014 drilling program.

In early May, Synergy brought on production five of six wells planned on the Phelps pad. The five wells averaged 26 frac stages and are comprised of two Niobrara C wells, one Niobrara B well and two Codell wells. Three of the wells were completed using sliding sleeves and two of the wells were completed using the plug and perf method. Each of the five wells averaged 544 BOEs per day over the first thirty days of production and consisted of 76% oil. The best performing well on the pad, a Codell completed with 28 frac stages, averaged 668 BOEs over the 30 day period. Production from the sixth well on the pad, which targeted the Codell formation, was delayed when the intermediate casing…

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