|By Marketwired .||
|February 5, 2013 02:23 PM EST||
PLATTEVILLE, CO--(Marketwire - February 05, 2013) - Synergy Resources Corporation (NYSE MKT: SYRG), a U.S. oil and gas exploration and production company focused on the Denver-Julesburg Basin, has hired industry veteran Terry Dewey to oversee the company's production activities.
Craig Rasmuson, Vice President of Operations, said, "Our production capacity continues to increase in the Wattenberg Field. Terry will bring to Synergy extensive experience in maximizing production using the latest technologies. We're confident he will prove to be a valuable member of our team as we further develop our asset base, and particularly as we ramp up our horizontal well drilling program."
Dewey has more than 30 years' experience in the oil and gas industry. He was previously with Bill Barrett Corp, a leading independent oil and gas company, with operations in the Denver-Julesburg basin. Over the last five years, Dewey has served as Bill Barrett's production foreman, applying his knowledge and expertise with downhole equipment, completion techniques of vertical and horizontal wells, as well as different forms of artificial lift. Prior to Bill Barrett, Dewey served in various capacities with Chevron/Texaco, Tom Brown and Weatherford ALS.
"I am thrilled to join Synergy Resources at this pivotal time in its growth and development," said Dewey. "The management team comprises some of the most experienced operators in this field, and with the extensive development of horizontal drilling in the D-J basin, I see many years of prolific production growth."
About Synergy Resources Corporation
Synergy Resources Corporation is a domestic oil and natural gas exploration and production company. Synergy's core area of operations is in the Denver-Julesburg Basin, which encompasses Colorado, Wyoming, Kansas, and Nebraska. The Wattenberg field in the D-J Basin ranks as one of the most productive fields in the U.S. The company's corporate offices are located in Platteville, Colorado. More company news and information about Synergy Resources is available at www.syrginfo.com.
Important Cautions Regarding Forward Looking Statements
This press release may contain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The use of words such as "believes", "expects", "anticipates", "intends", "plans", "estimates", "should", "likely" or similar expressions, indicates a forward-looking statement. These statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, and information currently available to management. The actual results could differ materially from a conclusion, forecast or projection in the forward-looking information. Certain material factors or assumptions were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information. The identification in this press release of factors that may affect the company's future performance and the accuracy of forward-looking statements is meant to be illustrative and by no means exhaustive. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. Factors that could cause the company's actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: the success of the company's exploration and development efforts; the price of oil and gas; worldwide economic situation; change in interest rates or inflation; willingness and ability of third parties to honor their contractual commitments; the company's ability to raise additional capital, as it may be affected by current conditions in the stock market and competition in the oil and gas industry for risk capital; the company's capital costs, which may be affected by delays or cost overruns; costs of production; environmental and other regulations, as the same presently exist or may later be amended; the company's ability to identify, finance and integrate any future acquisitions; and the volatility of the company's stock price.