Synergy Resources Corporation says that Mr. Lynn Peterson has joined the executive team at Synergy as President of the company. Mr. Peterson will work closely with co-CEOs Ed Holloway and William Scaff as Synergy evaluates asset acquisitions and growth opportunities in the Wattenberg Field and the NE Wattenberg Extension Area. Mr. Peterson is the former Co-Founder, President & CEO of Kodiak Oil and Gas Corp. Kodiak a Bakken shale company producing over 42,000 barrels of oil equivalent per day and an enterprise value over $6 billion at the time of its merger with Whiting Petroleum in 2014.
Ed Holloway, co-CEO of Synergy, remarked, 'I have often said that Synergy's greatest asset is our people. I believe the addition of Lynn Peterson to our team will prove to be one of our most significant acquisitions. Lynn is a native Coloradoan, whom I have known since the early 1970's when we were both attending the University of Northern Colorado, and he fits well into our corporate culture. Lynn's experience in building Kodiak from the ground up into a multi-billion dollar company will be invaluable to Synergy as we continue our rapid growth.'