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Synergy expands Wattenberg drilling program, shares +7.6%

  • Synergy Resources (SYRG +7.6%) says it is accelerating drilling operations at the Wattenberg field in Colorado's D-J Basin, amending its turnkey drilling contract with Ensign Drilling to include an automatic drilling rig for all of 2014.
  • Securing the rig will allow more efficient drilling, SYRG says, and the rig is capable of drilling extended reach lateral wells that will become part of drilling plans in FY 2015.
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