Fri, 26 Oct 2012 15:40:04 CDT
Synergy Resources Corp. (NYSE: SYRG) will spend $42 million to buy 36 producing oil and gas wells, located in the Wattenberg Field of the Denver-Julesburg Basin, from Orr Energy LLC. Synergy, based in Platteville, is an oil and gas exploration and production company that focuses on the Denver-Julesburg Basin. Orr is based in Greeley. Synergy will make the purchase with $30 million in cash and $12 million in shares of its common stock. The deal is expected to close at the end of November.
Read full article at: bizjournals.com