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SRC Energy Inc.

Company Summary

Description

Merged with PDC Energy

Website

http://www.syrginfo.com/

Operational Regions

  • DJ Basin
  • Niobrara Basin

Financial Data:

AMEX:SYRG from Google Finance

Tickers:

  • SYRG - American Stock Exchange

Related Entities

Recent news

  • 3/2/2020 - PDC Energy Issues 2020... (subscriber access)
  • 2/24/2020 - PDC Energy Reports... (subscriber access)
  • 1/15/2020 - PDC Energy Closes Merger... (subscriber access)
  • 8/26/2019 - PDC Energy Reports 2020... (subscriber access)
  • 8/26/2019 - PDC Energy Reports 2020... (subscriber access)

Investor Presentations

  • 2Q19 Investor Presentation
  • May 2019 Presentation (subscriber access)
  • February 2019 Corporate Presentation (subscriber access)
  • April 2018 – IPAA OGIS Conference (subscriber access)
  • Capital One Securities 12th Annual Energy Conference (subscriber access)
  • Corporate Presentation – November 2017 (subscriber access)
  • Corporate Presentation – October 2017 (subscriber access)
  • June 2017- RBC Global Energy & Power Executive Conference (subscriber access)
  • Investor Presentation - December 2016 (subscriber access)
  • September 2016 Investor Presentation (subscriber access)
  • Enercom Presentation - August 2016 (subscriber access)
  • June 2016 Investor Presentation (subscriber access)
  • Synergy Resources - DUG Niobrara Conference April 2015 (subscriber access)
  • March 2016 Synergy Resources Corporate Presentation (subscriber access)

Company Transactions

Date: 12/30/2019
Type: Acquisition

BUYERS:
  • PDC Energy, Inc.
    • SELLERS:
  • SRC Energy Inc.
    • DETAILS:

    COST: 1.7 $B

    VOLUMES: 60.8 MBOE/d

    ACRES: 86000 Acres

    REGIONS:
  • Wattenberg Field

    • Date: 10/10/2018
    Type: Acquisition

    BUYERS:
  • SRC Energy Inc.
    • DETAILS:

    COST: 64 $MM

    VOLUMES: 3 MBOE/d

    NOTES:
    SRC Energy recently closed the second portion of their Greeley Crescent II transaction for $64 million in which they acquired both vertical and horizontal wells producing roughly 3 Mboe/d at the time of closing.
    REGIONS:
  • DJ Basin

    • Date: 6/30/2018
    Type: Acquisition

    BUYERS:
  • SRC Energy Inc.
    • SELLERS:
  • Noble Energy, Inc.
    • DETAILS:

    COST: 568 $MM

    VOLUMES: 1.6 MBOE/d

    ACRES: 30200 Acres

    NOTES:
    The second portion will include operated producing properties with current production of 1.6 Mboe/d and it will close in mid-2018 for $568 million.
    REGIONS:
  • DJ Basin

    • Date: 12/31/2017
    Type: Acquisition

    BUYERS:
  • SRC Energy Inc.
    • SELLERS:
  • Noble Energy, Inc.
    • DETAILS:

    COST: 40 $MM

    VOLUMES: 2.5 MBOE/d

    NOTES:
    The first portion of the sale will be made for $40 million in December 2017 and it includes undeveloped land and 2.5 Mboe/d in non-operated production.
    REGIONS:
  • DJ Basin

    • Date: 9/28/2017
    Type: Acquisition

    BUYERS:
  • SRC Energy Inc.
    • DETAILS:
    NOTES:
    The Company recently closed the second portion of the Greeley Crescent acquisition, which included the conveyance of mostly vertical wells which will be evaluated and, if appropriate, scheduled for plugging and abandonment operations. Production from these wells has an immaterial impact on the Company's total production.
    REGIONS:
  • DJ Basin

    • Date: 1/12/2017
    Type: Acquisition

    BUYERS:
  • SRC Energy Inc.
    • DETAILS:

    COST: 71 $MM

    VOLUMES: 700 BOE/d

    ACRES: 10000 Acres

    REGIONS:
  • DJ Basin

    • Date: 6/14/2016
    Type: Acquisition

    BUYERS:
  • SRC Energy Inc.
    • SELLERS:
  • Noble Energy, Inc.
    • DETAILS:

    COST: 505 $MM

    VOLUMES: 2.4 MBOE/d

    ACRES: 33100 Acres

    REGIONS:
  • Wattenberg Field
  • DJ Basin

    • Date: 5/3/2016
    Type: Acquisition

    SELLERS:
  • SRC Energy Inc.
    • DETAILS:

    COST: 27 $MM

    VOLUMES: 0.2 MBOE/d

    ACRES: 3700 Acres

    REGIONS:
  • Niobrara Basin