Energy, Utilities & Water  November 4, 2016

Synergy Resources posts $19.2M 3Q loss

DENVER — Oil and natural gas producer Synergy Resources Corp. (NYSE: SYRG) has reported a decrease in revenue but also a narrowed net loss for the third quarter ending Sept. 30.

Denver-based Synergy, which focuses its drilling efforts on the Wattenberg Field in Northern Colorado, posted a net loss of $19.2 million, or 10 cents per diluted share. That’s down from a loss of $77.9 million, or 74 cents per share, for the same period a year earlier.

Revenue came in at $26.2 million for the quarter, down from $33.4 million a year ago. The decrease in sales, company officials said, was…

Sign up for BizWest Daily Alerts