The niobrara formation is pushing good news in the area such as indicated below. This is good for SSN. The study of frac propcessing that may is the niobrara area is bad for all drillers in the area including SSN.
Bob
Synergy Resources Corporation Completes First Phase of 2011 Drilling Program Synergy Resources Corporation DENVER, March 15, 2011 -- /PRNewswire/ -- Synergy Resources Corporation (OTC Bulletin Board: SYRG), a domestic oil and gas exploration and production company focused in the Denver-Julesburg Basin, today announced the results of drilling 6 wells on its Pratt Lease.
List of Drilled Wells Well Name Drilled Formation Working Interest Net Revenue Interest SRC Pratt 29TD J-Sand *50% 41% SRC Pratt 29XD J-Sand *50% 41% SRC Pratt 29D J-Sand 100% 82% SRC Pratt 33-29D Codell 100% 82% SRC Pratt 34-29D Codell 100% 82% SRC Pratt 43-29D Codell 100% 82% * Noble Energy, Inc. has 50% working interest in the SRC Pratt 29TD and the SRC Pratt 29XD
Technical analysis revealed that the Codell and Niobrara formations are present in all six wells and the J-Sand formation is present in three of the wells. The log results are as follows:
J-Sand wells range from 13-16% porosity and average 20 feet of pay Codell wells range from 14-16% porosity and range from 18-22 feet of pay Niobrara A bench range from 11-14% porosity and range from 20-24 feet of pay Niobrara B bench range from 12-14% porosity and range from 20-32 feet of pay Niobrara C bench range from 9-11% porosity and range from 12-16 feet of pay
