Synergy Resources Corporation, which already has a presence in the Denver-Julesburg Basin, announced that it is participating in a second horizontal well. Synergy Resources owns a 28.75% working interest in the Leffler #24-1H well with operations being handled by Petroleum Development Corporation.
The location is in the Wattenberg Field (SWSW of Section 1, Township 6 North, Range 66 West, Weld County, CO, Leffler #24-1H).
Ed Holloway, Chief Executive Officer and President of Synergy Resources, said, “In fiscal 2011, we announced our commitment to engage in a horizontal drilling program and expect to receive six to ten more Authorization for Expenditures (AFE) on horizontal wells in the near future. Our participation with PDC Energy in the Leffler #24-1H marks our second horizontal well and further strengthens our commitment to this program. Our first horizontal well, the WAKE E24-77HN well, was drilled with Noble Energy earlier this year.
Holloway continued, “We are very pleased with the progress of our horizontal drilling program, which supplements the success of our vertical drilling program in the Wattenberg. Under our current year drilling program, we have drilled 35 wells with a 100% success rate.”