$SYRG (Synergy Resources Corporation)

$SYRG {{ '2016-01-22T12:07:32+0000' | timeago}} • Announcement

Oil and gas company $SYRG said it has priced a public offering of 14,000,000 shares at about $80.5MM. Company has granted the underwriters an option for 30 days to buy further 2,100,000 shares. The offering is expected to close around Jan. 27, 2016.

$SYRG {{ '2017-02-23T22:11:50+0000' | timeago}} • Announcement

$SYRG now expects that capital expenditures and production for 2017 should be at the top end of its guidance range issued in September 2016. The company intends to provide updated 2017 guidance as it exits the 1Q17 and observe the initial performance from some of the Evans wells.

$SYRG {{ '2017-02-23T22:10:06+0000' | timeago}} • Announcement

$SYRG plans to propose that its shareholders approve a change in its legal name to "SRC Energy Inc." at its 2017 annual meeting. The company plans to use the new name on a "doing business as" basis beginning on or about March 6, 2017. On or about March 6, 2017, the company's NYSE MKT ticker will change to $SRCI.

$SYRG {{ '2017-02-23T22:07:08+0000' | timeago}} • Announcement

$SYRG swung to a 4Q16 profit from a loss last year, due to last year's full cost ceiling impairment writedowns. Net income was $5.3MM or $0.03 per share, compared to a loss of $48.19MM or $0.44 per share last year. Oil and gas revenue grew to $38.7MM from $25.45MM, on higher commodity prices realized and a 23% increase in sales volumes.

$SYRG {{ '2017-02-07T19:15:30+0000' | timeago}} • Announcement

$SYRG reported preliminary production sales volumes for 4Q16 of 13,269 BOE/day, up 23% from last year and up 23% sequentially. Production for 2016 grew 22% from 2015, averaging 11,670 BOE/day, above the high end of the company's full year guidance range of 11,100-11,300 BOE/day.

$SYRG {{ '2016-06-15T16:47:33+0000' | timeago}} • Announcement

$SYRG said it appointed Deloitte & Touche LLP as its independent registered public accounting firm, replacing the company's former auditor. The appointment of Deloitte was made by the company's Audit Committee. Deloitte will begin providing services to the company immediately.

$SYRG {{ '2016-06-15T16:46:27+0000' | timeago}} • Announcement

$SYRG said its borrowing base on its revolving credit facility has been re-affirmed at $145MM, which is currently undrawn, and that the company has elected to keep its commitment at this level. $SYRG announced closing of its $80MM private note offering, which occurred contemporaneously with the first closing of the Greeley Crescent Acquisition.

$SYRG {{ '2016-06-15T16:45:03+0000' | timeago}} • Announcement

$SYRG announced the first closing of its Greeley Crescent Acquisition from Noble Energy for certain assets in the Wattenberg Field within the DJ Basin. Later this week $SYRG expects to close on the previously announced divestiture of certain undeveloped acreage in Adams County.

$SYRG {{ '2016-05-16T16:24:47+0000' | timeago}} • Webcast

Wunderlich Securities analyst Irene Haas probes $SYRG on which neighborhood it will start putting two or three rigs to work. CEO Lynn Peterson says that all rig counts are contingent upon oil prices and the company will see where it goes remaining 2016 and into 2017. $SYRG said this is a long-term plan and it will lay this out as it goes forward.

$SYRG {{ '2016-05-16T16:21:13+0000' | timeago}} • Webcast

SunTrust analyst Neal Dingmann questions whether $SYRG's new area tucked in infrastructure-wise for 2017 and 2018 will give enough growth. CFO James Henderson says that as far as DCP is within the area, the company will continue to work with them. $SYRG has access to both Grand Mesa and the White Cliff pipelines.

$SYRG {{ '2016-05-16T16:14:59+0000' | timeago}} • Webcast

Howard Weil Inc. analyst Brian Corales questions on any new updates done on the Bestway pad as regards to completion. $SYRG Michael Eberhard, VP of Completions says that there were a little bit longer laterals and the company did the new technique on the wells. $SYRG is continuing to evaluate on best path that it is on now.

$SYRG {{ '2016-05-16T16:05:58+0000' | timeago}} • Webcast

Key Banc analyst David Decklebaum asks $SYRG to give the average standardised EUR it would be drilling or is capable of on the overall inventory vs. earlier data. CEO Lynn Peterson says that when looking at remaining of 2016, $SYRG has mid & long laterals. For 2017, it is mostly mid, long & extended link laterals.

$SYRG {{ '2016-05-16T15:57:00+0000' | timeago}} • Webcast

$SYRG said that its 1Q16 revenues and cash flow from operations were impacted by a 42% reduction in the average realized price group BOE vs. 1Q15, and a 33% reduction to the last four months of 2015. The company's LOE expenses were down 37% per BOE vs. 1Q15 and down 7% vs. four months of 2015.

$SYRG {{ '2016-05-16T15:48:08+0000' | timeago}} • Webcast

$SYRG said that in 1Q16, its production averaged 1510 BOE/d, which is a 65% increase from 1Q15 and 6% increase vs. period ended Dec. 21, 2015. This increase was mainly driven by the production from Bestway and Winds pads which were completed late in 2015. The company did not bring additional wells on in production in 1Q16.

$SYRG {{ '2016-05-16T15:36:37+0000' | timeago}} • Webcast

$SYRG said that it recently entered into a purchase and sales agreement to acquire approx. 33,000 net acres of the Wattenberg field. The acquisition is comprised largely of undeveloped acreage that is contiguous and should allow for drilling longer lateral wells that will yield improved economics.

$SYRG {{ '2016-05-16T14:03:02+0000' | timeago}} • Announcement

For 1Q16, $SYRG continues to operate one drilling rig which is currently on the company's Fagerberg Pad. The company said that the process of completing the Vista Pad operations are underway. For 2016, the company expects to drill the remaining two pads in the drilling program, Evans Pad and Williams Pad.

$SYRG {{ '2016-05-16T13:58:54+0000' | timeago}} • Announcement

$SYRG's higher YoverY production volumes were more than offset by lower commodity prices. In 1Q16, the average realized price per barrel of oil was $23.89 vs. a realized price per barrel of $37.35 in 1Q15, and the average realized price per Mcf for natural gas was $1.82 vs. $3.35 in 1Q15.

$SYRG {{ '2016-05-16T13:57:27+0000' | timeago}} • Announcement

Domestic oil and natural gas company $SYRG posted 1Q16 net loss of $51.4MM or $0.42 loss per diluted share vs. net loss of $0.99MM or $0.01 loss per diluted share in 1Q15. 1Q16 net loss includes a full cost ceiling impairment charge of $45.6MM or $0.37 loss per diluted share. Revenues fell 0.67% to $18.27MM vs. 1Q15.

$SYRG {{ '2016-05-10T16:15:39+0000' | timeago}} • Announcement

$SYRG said it has closed its previously announced underwritten public offering of 45MM shares of its common stock. The total net proceeds from the offering were about $251.8MM. $SYRG plans to use net proceeds to finance portion of contemplated acquisition of additional assets in Wattenberg Field in Colorado.

$NBL {{ '2016-05-03T22:24:58+0000' | timeago}} • Announcement

$NBL said it agreed to divest certain oil and natural gas properties in the Greeley Crescent area of Weld County, Colorado. The transaction includes the sale of approx. 33,100 primarily undeveloped net acres within the DJ Basin to $SYRG for $505MM.

$SYRG {{ '2016-05-03T21:07:46+0000' | timeago}} • Announcement

$SYRG said that if the contemplated acquisition is not completed for any reason, it plans to use the net proceeds from this offering for general corporate purposes, which may include continuing to develop its acreage position in the Wattenberg Field, funding a portion of its capital expenditure program or other uses.

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