GREELEY, Colo. (AP) — A Colorado energy exploration company is expanding into western Nebraska.
Platteville, Colorado-based Synergy Resources Corp. announced Monday that it's partnering with two other Colorado companies, Kodiak Petroleum and Johnson Production Corp., to drill up to 10 wells across about 8,000 acres in Nebraska's Dundy County.
The Greeley Tribune (http://bit.ly/1o9ONp5) reports that the $10 million plan is just a fraction of Synergy's overall capital spending budget.
Co-CEO Ed Holloway says the company plans to submit permits and begin drilling in the next few months. He calls the contract a first step in developing Synergy's assets in Nebraska, where it owns an additional 166,000 acres.
Synergy was founded in 2008 and has focused on exploring the Denver-Julesburg Basin, which includes parts of Colorado, Wyoming, Kansas and Nebraska.
Information from: The Tribune of Greeley, Co, http://greeleytribune.com