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Synergy Resources to Acquire Assets From Noble Energy for $505 Million

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Synergy Resources Corp. (

) agreed to acquire assets in Colorado from Noble Energy Inc. ( ) for roughly $505 million, part of the Denver oil-and-gas company's efforts to become a leading operator in the Wattenberg field.

Synergy shares fell 5.8% to $6.49 in recent after-hours trading as the company also reported a wider first-quarter loss.

Noble Chairman and Chief Executive David L. Stover said that combined with other asset sales, the Houston oil-and-gas producer has announced deals...