SYNERGY RESOURCES CORPORATION
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(Exact name of registrant as specified in its charter) |
Colorado | 001-35245 | 20-2835920 | ||
(State or other jurisdiction
of incorporation)
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(Commission File No.) | (IRS Employer Identification No.) |
20203 Highway 60
Platteville, Colorado 80651
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(Address of principal executive offices, including Zip Code)
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o
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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o
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-14(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Number
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Description
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10.19
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Amendment to Drilling Contract with Ensign United States Drilling, Inc.
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SYNERGY RESOURCES CORPORATION
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Date: July 25, 2013
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By:
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/s/ Frank L. Jennings | |
Frank L. Jennings, Principal Financial and Accounting Officer
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P.O. Box 17805
Denver, CO 80217
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tel
fax
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(303) 292-1206
(800) 886-3898
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www.ensignenergy.com | |||
Attn:
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Craig Rasmuson
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RE:
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Ensign USD Rig 17
Contract Extension
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1.
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Contract shall be extended for 21 additional wells for a total of 25 wells.
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2.
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Either Operator or Contractor may request quarterly reviews of rates.
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3.
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The Daywork Rates shall be reduced immediately to the following:
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a.
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$27,000 With Drill Pipe
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b.
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$27,000 Without Drill Pipe
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c.
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$27,000 Standby with crews
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d.
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$24,300 Standby without crews
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4.
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If Contractor procures and utilizes it's own drill pipe, the Daywork Rates shall be reduced to the following:
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a.
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$25,000 With Drill Pipe
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b.
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$25,000 Without Drill Pipe
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c.
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$25,000 Standby with crews
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d.
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$22,500 Standby without crews
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5.
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Should Operator and Contractor agree to contract an ADR™ style rig in place of Rig 17, the remaining wells on the contract shall count toward the term needed for the ADR™ style rig.
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/s/ William E. Scaff Jr.
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/s/ Brandon Lorenz
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Synergy Resources Corporation
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Ensign United States Drilling Inc.
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Print name: | William E. Scaff Jr. | Brandon Lorenz | |||
Title: |
Vice President
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Drilling Manager
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“Performance Excellence - Second to None” |
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