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SRC Energy Inc
80 articles mentioning SRC Energy Inc · Page 4 of 4
Synergy to Accelerate Wattenberg Ops After Delays; Secures New Rig
Synergy plans to drill several vertical wells on its core Wattenberg acreage this year and has secured Ensign Rig #22 for this purpose.
Synergy Edits 2014 CapEx; Touts Revenue, Production Upswing
Revenues totaled $19.3 million, up 31% from $14.7 million in the previous quarter and up 132% from $8.3 million in the same quarter a year ago.
Synergy Expands Wattenberg Drilling Ops; Talks Rigs for 2014
William Scaff, Executive Vice President, commented, "We are pleased to continue our horizontal drilling program in the Wattenberg Field with Ensign as our drilling partner."
Synergy Sees 95% Niobrara Production Growth; Outlines 2014 CapEx
In the fourth quarter, net oil and natural gas production increased 95% to 228,042 BOE.
Synergy Details Crude-Heavy Wattenberg Renfroe IPs
The company details "before and after tubing installation" production rates and days on production for each specific well.
Synergy: Colorado Flooding Takes Wells Offline
Craig Rasmuson, VP of Operations, reported, "Our initial assessment reveals that only a small number of our existing vertical wells will be offline for an indeterminate amount of time."
Synergy Turns on Taps at Multiple Niobrara, Codell Well Sites
Craig Rasmuson, VP of Operations for Synergy, commented, "Four of the five wells on the Renfroe pad are in the early stages of flow back and are hooked up to production facilities."
Synergy Edits Wattenberg Contract; Plans 25 HZ Wells
Craig Rasmuson, VP of Operations, added, "The drilling on our Renfroe pad has been conducted according to plan and we are now finalizing our completion plans for the Renfroe wells."
Synergy Ups Wattenberg Well Count to 294 in Q3
The company's well count increased to a total of 294 gross oil and gas wells (221 net), including 9 wells in various stages of drilling or completion activities.
Synergy to Make Public Share Offering
The Company has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of common stock.
Synergy Outlines Wattenberg Rig Program for 2013 Through 2014
The budget calls for a one rig horizontal drilling program on the Company's 17,046 net acres in the Wattenberg Field.
Synergy Ups Borrowing Base to $75 Million
The credit facility matures November 2016 and has a current interest rate of approximately 3.45%.
Synergy Sees 40% Upswing in DJ Basin Reserves
The largest increase in the reserves was in the Proved Developed Producing (PDP) category which rose 60%.
Synergy Breaks Ground on HZ Niobrara/Codell Project
Synergy's initial plan is to drill five wells from one pad site on the Renfroe lease comprised of three Niobrara and two Codell wells.
Synergy Outlines Niobrara Entrance, Well Plans
Craig Rasmuson, VP of Operations, said, "We have received approval to drill 6 horizontal wells on the Renfroe Lease and we have another 24 permits in final stages of the permitting processing."
Synergy's Niobrara Ops Fuels Growth
"The second quarter concluded our primary vertical program planned for fiscal 2013 with all 27 wells drilled and completed now producing," said President and CEO Edward Holloway.
Synergy Taps New VP of Land & Development
Ronald K. Morgenstern has over 30 years of experience involving all phases of land and management of lease assets in various basins in the Rocky Mountains including the Williston, Powder River and DJ basins.
Synergy Hits 100% Success Rate at Wattenberg Wells
Craig Rasmuson, Vice President of Operations, commented, "We continue to achieve 100% success rate in our vertical drilling program."
Synergy Ramps Up Niobrara Oil Production in Q1
Net oil and natural gas production increased 89% to 150,909 barrels of oil equivalent (BOE), averaging 1,658 BOE per day versus 876, as compared to the same year-ago quarter.
Synergy Resources Completes Niobrara Acquisition
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