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January 24, 2014
06:08 EDTSYRGSynergy Resources promotes William Scaff Jr. to Co-CEO, names new COO
Synergy Resources announces William E. Scaff, Jr. has taken on the title of Co-CEO of the company which he will share with Ed Holloway as Co-CEO. Bill will remain Treasurer and both will remain directors of the company. Craig Rasmuson has been elevated from vice president of operations to COO. Rasmuson joined Synergy in September 2008.
News For SYRG From The Last 14 Days
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December 18, 2014
09:22 EDTSYRGSynergy Resources sees 2015 production up 100% YoY
Synergy Resources' fiscal 2015 capital forecast originally anticipated a maximum of $200M for 40 net operated and non-operated wells to be drilled and completed in the Wattenberg Field during fiscal 2015. The revised budget estimates $180M will be spent on drilling and completing a total of 48 net operated and non-operated wells and includes the $75M cash payment for the recently closed Wattenberg Field acquisition and incorporates changes in the completion design for future wells. Excluding the acquisition capital, the company anticipates completing 20% more net wells for less capital than originally forecasted. With these anticipated lower costs, these wells should pay back in 10-30 months and generate an IRR of 25%-120%. Executing this revised program should enable the company's FY15 production growth to exceed 100%.
December 8, 2014
07:40 EDTSYRGMany E&P target prices lowered at SunTrust
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