Synergy Resources Corporation is an oil and gas operator in Colorado. The Company is focused on the acquisition, development, exploitation, exploration and production of oil and natural gas properties located in the Wattenberg field in the D-J Basin in northeast Colorado. As of November 15, 2010, it had 19,792 gross and 13,556 net acres under lease, all of which are located in the D-J Basin. Of this acreage, 1,507 gross acres are held by production. On October 7, 2010, it completed the acquisition of oil and gas properties in the Wattenberg Field within the D-J Basin from Petroleum Management, LLC and Petroleum Exploration & Management, LLC. These properties include six producing oil and gas wells (100% working interest/ 80% net revenue interest), two shut in oil wells (100% working interest/ 80% net revenue interest), 15 drill sites (net 6.25 wells) and miscellaneous equipment.