Synergy to spend $505M in Weld

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MetroWest Report

Oil company Synergy Resources Corp. closed recently on part of a $505 million purchase of the “Greeley Crescent” area of the Wattenberg oilfield in Weld County, a company spokesman said.

Denver-based Synergy bought about 33,100 acres in the Watternberg Field in northeast Weld County from Noble Energy, according to Jon Kruljac, a company spokesman, and to a company press statement. In all, a transaction for 69,000 acres is expected to wrap up later in the year.

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