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SYRG > SEC Filings for SYRG > Form 8-K on 26-Jul-2013All Recent SEC Filings

Show all filings for SYNERGY RESOURCES CORP

Form 8-K for SYNERGY RESOURCES CORP


26-Jul-2013

Entry into a Material Definitive Agreement, Financial Statements and Exhib


Item 1.01. Entry into a material definitive agreement

On April 19, 2013, Synergy Resources Corporation (the "Company") entered into a drilling contract with Ensign United States Drilling, Inc. ("Ensign") that provided for the drilling of four horizontal wells. On July 24, 2013, the Company amended its agreement with Ensign. The amended agreement provides that Ensign will drill an additional 21 wells for the Company. The agreement, as amended, provides for the drilling of a total of 25 wells at a cost of approximately $1,100,000 per well.

It is expected that the 21 additional wells, all of which will be located in the Wattenberg Field, will be drilled over the next 12 months.



Item 9.01. Financial Statements and Exhibits

(d) Exhibits

Number Description

10.19 Amendment to Drilling Contract with Ensign United States Drilling, Inc.


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