Synergy Resources Bolsters Liquidity through Acreage Transaction

Synergy Resources Bolsters Liquidity through Acreage Transaction

Synergy recently executed a purchase and sale agreement with a private party resulting in the divestiture of acreage outside of the Company’s core development area. The transaction resulted in the Company divesting approximately 10,000 net undeveloped acres and approximately 700 boe/d of associated production for $71 million. The transaction is expected to close in the first quarter of 2017.

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