The initial 24-hour production test for the second well, the SRC 31-5D (Section 5, 5N, 66W, Weld County, Colorado), came in at 152 barrels of oil, 647,000 cu ft of gas and 85 barrels of water produced from the Codell formation at 7405’ – 7420’ interval.
Ed Holloway, chairman of Synergy, said: “These are the strongest initial test results that I have seen in my 30 years experience in the D-J basin. We believe that Synergy has assembled many outstanding oil and gas properties and that the excellent initial performance of these wells confirms our optimism about our current drilling programs as well as our long-term prospects in this region.”
As of January 15, 2010, Synergy had interests in oil and gas leases covering 8,050 net acres. Synergy is the operator for the wells and holds a 62.5% working interest in each well.
