Exhibit 99.1

Synergy Resources Reports First Quarter 2016 Results

Production increased 65% year over year

Denver, CO—(Marketwired - 5/3/2016) — Synergy Resources Corporation (NYSE MKT: SYRG), a U.S. oil and gas exploration and production company focused on the Greater Wattenberg Area of the Denver-Julesburg Basin, reported its first quarter results for the period ended March 31, 2016.

First Quarter 2016 Financial Highlights

·                  Revenues were $18.3 million

·                  Net Loss was $51.4 million or $(0.42) per diluted share in the quarter which includes a full cost ceiling impairment charge of $45.6 million or $(0.37) per diluted share

·                  Adjusted EBITDA of $10.2 million (see further discussion regarding the presentation of adjusted EBITDA in “About Non-GAAP Financial Measures” below)

·                  As of March 31, 2016, the Company’s cash and equivalents totaled $50.9 million and it had $145.0 million of availability on its credit facility for total liquidity of $195.9 million

Operational Highlights

·                  Net oil and natural gas production increased 65% to 1,047 MBOE, as compared to 633 MBOE the same year ago quarter, and averaged 11,510 BOE per day (BOE/d) versus an average of 7,029 BOE/d in the same period a year ago

First Quarter 2016 Financial Results

Revenues in the first quarter of 2016 were $18.3 million, down from $18.9 million in the same year ago quarter.  Higher year-over-year production volumes were more than offset by lower commodity prices.  In the first quarter of 2016, the average realized price per barrel of oil was $23.89 versus a realized price per barrel of $37.35 in the year ago quarter, and the average realized price per Mcf for natural gas was $1.82 compared to $3.35 in the first quarter of 2015. The 2016 first quarter’s net loss totaled $51.4 million or $(0.42) per diluted share compared to a net loss of $1.0 million or $(0.01) per diluted share in the year ago quarter.  The first quarter 2016 net loss includes a full cost ceiling impairment charge of $45.6 million.  Considering the effect of the income tax provision, which was impacted by the related valuation allowance change, the impairment charge reduced diluted earnings per share by $0.37.  Adjusted EBITDA in the first quarter was $10.2 million as compared to $20.8 million in the year ago quarter.

Under the full cost ceiling impairment test, the value of the Company’s reserves is calculated using the average of the published spot prices for WTI oil (per barrel) as of the first day of each of the previous twelve months, as well as the average of the published spot prices for Henry Hub (per MMBtu) as of the first day of each of the previous twelve months, each adjusted by lease or field for quality, transportation fees and regional price differentials.  The March 31, 2016 ceiling test used average realized prices of $37.32 per barrel and $2.41 per Mcf, which were lower than the December 31, 2015 prices of $41.33 per barrel and $2.60 per Mcf, a decrease of approximately 10% and 7%, respectively.  Using these prices, the Company’s net capitalized costs for oil and natural gas properties exceeded

the ceiling amount by $45.6 million at March 31, 2016, resulting in immediate recognition of a ceiling test impairment.

The following tables present certain per unit metrics that compare results of the corresponding quarterly reporting periods:

Net Production and Sales Prices Comparison

* Amounts determined using data from the four months ended December 31, 2015

na - not applicable as inclusion of figures would result in the comparison of data for the three months ended March 31, 2016 and 2015 to data for the four months ended December 31, 2015

* Amounts determined using data from the four months ended December 31, 2015

Operations Update

The Company continues to operate one drilling rig and, as noted below, the rig is currently on the Company’s Fagerberg Pad.  Completion operations are underway on the Vista Pad.  Both pads are located in Weld County, Colorado. Below is a pad by pad synopsis of recent well performance, current operations and the remaining 2016 drilling plan.  Please note that the Working Interest and Net Revenue Interest percentages are subject to change through acquisitions, pooling, trades, swaps, earning agreements, and other reversionary interests.

·                  Vista Pad: 85% Working Interest (WI); 72% Net Revenue Interest (NRI)

·                  Completed drilling 10 standard length wells

·                  Four wells being completed with sliding sleeves; six wells will be completed through plug and perforation completions

·                  Completion operations are underway with flow back anticipated late second quarter

·                  Fagerberg Pad:  96% WI; 76% NRI

·                  Drilling underway for 14 mid-length wells

·                  All wells drilled with a conventional monobore design and will utilize plug and perforation completions

·                  Bestway Pad:  88% WI; 73% NRI

·                  Four mid length lateral wells

·                  150 day production averaged ~750 BOE/day, (52% oil), exhibiting a type curve above 750M EUR*

·                  Wind Pad: 100% WI; 75% NRI

·                  Eight standard length lateral wells

·                  90 day production averaged ~270  BOE/day, (61% oil), exhibiting a type curve above 250M EUR*

* EUR estimates may not reflect reserves as determined in accordance with SEC rules.

·                  2016 Remaining Drilling Program

·                  Evans Pad:  70% WI; 57% NRI

·      Two separate 11 well pads

·      Utilizing two drilling rigs

·      18 long length lateral wells

·      Four extended length lateral wells

·                  Williams Pad:  99% WI; 76% NRI

·      Nine mid length lateral wells

·      Permitting

Conference Call

The Company will not be holding the previously announced conference call on May 6, 2016.  Please refer to Synergy’s website at www.syrginfo.com for the current corporate presentation and other news and information.

About Synergy Resources Corporation

Synergy Resources Corporation is a domestic oil and natural gas exploration and production company. Synergy’s core area of operations is in the Wattenberg Field of the Denver-Julesburg Basin.  The Denver-Julesburg Basin encompasses parts of Colorado, Wyoming, Kansas, and Nebraska. The Company’s corporate offices are located in Denver, Colorado. More company news and information about Synergy Resources is available at www.syrginfo.com.

Important Cautions Regarding Forward Looking Statements

This press release may contain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The use of words such as “believes”, “expects”, “anticipates”, “intends”, “plans”, “estimates”, “should”, “likely” or similar expressions, indicates a forward-looking statement. These statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, and information currently available to management. The actual results could differ materially from a conclusion, forecast or projection in the forward-looking information. Certain material factors or assumptions were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information. The identification in this press release of factors that may affect the Company’s future performance and the accuracy of forward-looking statements is meant to be illustrative and by no means exhaustive. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. Factors that could cause the Company’s actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: the success of the Company’s exploration and development efforts; the price of oil and gas; worldwide economic situation; change in interest rates or inflation; willingness and ability of third parties to honor their contractual commitments; the Company’s ability to raise additional capital, as it may be affected by current conditions in the stock market and competition in the oil and gas industry for risk capital; the Company’s capital costs, which may be affected by delays or cost overruns; costs of production; environmental and other regulations, as the same presently exist or may later be amended; the Company’s ability to identify, finance and integrate any future acquisitions; and the volatility of the Company’s stock price.

Reconciliation of Non-GAAP Financial Measures

The Company defines adjusted EBITDA as net loss adjusted to exclude the impact of the items set forth in the table below.  We believe adjusted EBITDA is relevant because similar measures are widely used in our industry.  The following table presents a reconciliation of adjusted EBITDA, a non-GAAP financial measure, to net loss, its nearest GAAP measure:

SYNERGY RESOURCES CORPORATION

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

(unaudited, in thousands)

Financial Statements

Condensed financial statements are included below. Additional financial information, including footnotes that are considered an integral part of the financial statements, can be found in Synergy’s Edgar Filings at www.sec.gov on Form 10-Q for the period ended March 31, 2016.

SYNERGY RESOURCES CORPORATION

CONDENSED BALANCE SHEETS

(unaudited; in thousands)

SYNERGY RESOURCES CORPORATION

CONDENSED STATEMENTS OF CASH FLOWS

(unaudited; in thousands)

SYNERGY RESOURCES CORPORATION

CONDENSED STATEMENTS OF OPERATIONS

(unaudited; in thousands, except share and per share data)

Released 5/3/2016