Synergy Resources buys four producing wells in Wattenberg field from Nobel Energy

Synergy Resources Corporation, a domestic oil and gas exploration and production company focused in the Denver-Julesburg Basin, announced that it has purchased a 100 percent working interest in four producing wells from Noble Energy that are adjacent to Synergy’s Pratt Lease. The Pratt Lease has over 20 potential drill sites. As part of the transaction, Synergy assigned the lease rights on 340 net acres in Northern Weld County to Noble Energy. Synergy retained an overriding royalty interest in the leases assigned to Noble Energy. 
Ed Holloway, CEO of Synergy Resources Corporation, stated, “We are pleased to have consummated this acquisition with Noble Energy and by acquiring these wells it will allow Synergy to commence drilling the first of six wells on the Pratt Lease by the end of the year. This transaction marks the completion of another step of our business plan as we continue to grow our cash flow and proven reserves.”
Source: Press release