SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K
                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


       Date of Report (date of earliest event reported): December 15, 2014


                          SYNERGY RESOURCES CORPORATION
                       -----------------------------------
             (Exact name of Registrant as specified in its charter)


        Colorado                      001-35245                   20-2835920
  ----------------------          -----------------          ------------------
(State or other jurisdiction     Commission File No.)       (IRS Employer
      of incorporation)                                      Identification No.)


                                20203 Highway 60
                           Platteville, Colorado 80651
               -------------------------------------------------
          (Address of principal executive offices, including Zip Code)


       Registrant's telephone number, including area code: (970) 737-1073

                                       N/A
                     -------------------------------------
          (Former name or former address if changed since last report)

Check appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy  the filing  obligation  of the  registrant  under any of the  following
provisions (see General Instruction A.2. below)

[] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
   230.425)

[] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
   240.14a-12)

[] Pre-commencement  communications  pursuant to Rule 14d-2(b)  under the
   Exchange Act (17 CFR 240.14d-2(b))

[] Pre-commencement communications pursuant to Rule 13e-14(c) under the Exchange
   Act (17 CFR 240.13e-4(c))

<PAGE>

Item 1.01   Entry into a Material Definitive Agreement

     On  December  15,  2014,  the  Company  entered  into an  amendment  to its
revolving line of credit agreement. The amended terms include an increase in the
maximum  amount of  borrowings  available to the Company.  SunTrust  Bank is the
Joint  Lead  Arranger/Administrative  Agent for the  eight  bank  syndicate  and
KeyBank, National Association is the Joint Lead Arranger/Syndication Agent.

     The  maximum  amount the Company can borrow at any one time is known as the
Borrowing Base. The Borrowing Base can increase or decrease based upon the value
of the collateral  which secures any amounts  borrowed under the line of credit.
For the  most  part,  the  value  of the  collateral  will be  derived  from the
estimated  future  cash  flows of the  Company's  proved  oil and gas  reserves,
discounted  by 10%. The new  Borrowing  Base is  $230,000,000.  The maximum loan
commitment by the banks is  $500,000,000,  subject to lesser amounts  imposed by
the Borrowing Base.

     The interest rate on  outstanding  borrowings  will be based upon a pricing
grid which escalates with utilization and establishes a minimum of 2.5%.

     Amounts borrowed from the banks:

     o    will be used to develop  oil and gas  properties,  acquire new oil and
          gas properties,  and for working  capital and other general  corporate
          purposes;

     o    will be due and payable on December 15, 2019; and

     o    are secured by substantially all of the Company's  producing wells and
          developed oil and gas leases.

     On December 15, 2014 the Company used  approximately  $66,167,000  from the
credit line in connection  with the  acquisition of the properties  described in
Item 2.01 below.

     Any of the  following are an event of default which would cause any amounts
due under the line of credit to become immediately due and payable:

     o    the Company fails to make any interest or principal  payment when due;
          and

     o    the  Company  breaches  any  representation,  warranty  or covenant or
          defaults  in the timely  performance  of any other  obligation  in its
          agreements with the banks.

     The foregoing description of the line of credit agreement, including events
of default,  does not purport to be complete and is qualified in its entirety by
reference  to the full text of the  credit  agreement  which will be filed as an
exhibit to the Company's  report on Form 10-Q for the period ending November 30,
2014.

                                       2
<PAGE>

Item 2.01   Completion of Acquisition or Disposition of Assets

     As previously reported in a current report on Form 8-K filed by the Company
on  November  4,  2014,  the  Company  entered  into  an  agreement  with  three
independent  oil and gas companies to acquire oil and gas properties  consisting
of:

     o    Non-operated  working interests in seventeen  horizontal wells, ten of
          which are in production  (including four mid-reach laterals) and seven
          of which have been completed and are in the early stages of flow back;

     o    73 operated and 11 non-operated vertical wells;

     o    35 permit  applications  for operated  horizontal  wells (including 20
          extended reach laterals);

     o    5,040 gross acres  (4,053 net) with rights to the Codell and  Niobrara
          formations;

     o    2,400  gross  acres  (1,739  net)  with  rights  to other  formations,
          including the Sussex, Shannon and J-Sand;

     o    3D seismic data; and

     o    Miscellaneous equipment.

     The transaction  contemplated by the agreement closed on December 15, 2014.
The agreement has an effective  date of October 1, 2014. The Company will assume
operational responsibility for the 73 operated vertical wells.

     Working interests in the horizontal wells range from 6% to 40%.

     Working interests in the vertical wells range from 5% to 100%.

     The producing oil and gas properties  are located in the Wattenberg  Field,
which is part of the Denver-Julesburg Basin. Preliminary estimates indicate that
the undeveloped acreage will provide locations to drill 150 horizontal wells.

     The  purchase  price for the oil and gas  properties,  subject to  ordinary
closing and post-closing  adjustments,  was $125 million. The purchase price was
paid with cash of approximately  $75 million and 4,648,136  restricted shares of
the Company's common stock which,  for purposes of the transaction,  were valued
at $50 million.

     The foregoing  description is qualified in its entirety by reference to the
full text of the agreement  pertaining to the acquisition which will be filed as
an exhibit to the Company's  report on Form 10-Q for the period ending  November
30, 2014.

                                       3
<PAGE>

Item 2.03.  Creation of a Direct Financial  Obligation or an Obligation under an
            Off-Balance Sheet Arrangement of a Registrant

     The information  included under Item 1.01 is incorporated by reference into
this Item 2.03.

Item 3.02.  Unregistered Sales of Equity Securities

     The  issuance  of  shares of common  stock  described  in Item 2.01 of this
report was deemed to be exempt from  registration  under the  Securities  Act of
1933,  as amended (the  "Securities  Act") in reliance  upon Section 4(2) of the
Securities  Act, as a transaction not involving a public  offering.  The parties
which received the shares were provided full information regarding the Company's
business and operations and there was no general solicitation in connection with
the  offer or sale of these  securities.  The  parties  acquired  the  shares of
restricted common stock for their own account. The certificates representing the
shares bear restrictive  legends providing that the shares cannot be sold except
pursuant  to  an  effective   registration   statement  or  an  exemption   from
registration.  No  commission  was paid to any  person  in  connection  with the
issuance of these shares.

Item 9.01.  Financial Statements and Exhibits

     The financial  statements required by Item 9.01(a) and (b) will be filed as
an amendment to this report.

                                       4
<PAGE>
                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

Date: December 17, 2014


                                   SYNERGY RESOURCES CORPORATION


                                   By:/s/ Frank L. Jennings
                                      -------------------------------------
                                      Frank L. Jennings, Principal Financial and
                                      Accounting Officer
[{"type": "8-K", "sequence": "1", "filename": "form8kitem101dec-14.txt", "description": "8-K ITEM 1.01 ETC. RE CREDIT AGREE", "secsgml_size_bytes": 8927}]
{"company-data": {"conformed-name": "SYNERGY RESOURCES CORP", "cik": "0001413507", "assigned-sic": "1311", "irs-number": "202835920", "state-of-incorporation": "CO", "fiscal-year-end": "0831"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-35245", "film-number": "141295860"}, "business-address": {"street1": "20203 HIGHWAY 60", "city": "PLATTEVILLE", "state": "CO", "zip": "80651", "phone": "303-591-7413"}, "mail-address": {"street1": "20203 HIGHWAY 60", "city": "PLATTEVILLE", "state": "CO", "zip": "80651"}, "former-company": [{"former-conformed-name": "Brishlin Resources, Inc.", "date-changed": "20071217"}, {"former-conformed-name": "Blue Star Energy Inc", "date-changed": "20070926"}]}
SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K
                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

       Date of Report (date of earliest event reported): December 15, 2014

                          SYNERGY RESOURCES CORPORATION
                       -----------------------------------
             (Exact name of Registrant as specified in its charter)

        Colorado                      001-35245                   20-2835920
  ----------------------          -----------------          ------------------
(State or other jurisdiction     Commission File No.)       (IRS Employer
      of incorporation)                                      Identification No.)

                                20203 Highway 60
                           Platteville, Colorado 80651
               -------------------------------------------------
          (Address of principal executive offices, including Zip Code)

       Registrant's telephone number, including area code: (970) 737-1073

                                       N/A
                     -------------------------------------
          (Former name or former address if changed since last report)

Check appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy  the filing  obligation  of the  registrant  under any of the  following
provisions (see General Instruction A.2. below)

[] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
   230.425)

[] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
   240.14a-12)

[] Pre-commencement  communications  pursuant to Rule 14d-2(b)  under the
   Exchange Act (17 CFR 240.14d-2(b))

[] Pre-commencement communications pursuant to Rule 13e-14(c) under the Exchange
   Act (17 CFR 240.13e-4(c))
Item 1.01   Entry into a Material Definitive Agreement

     On  December  15,  2014,  the  Company  entered  into an  amendment  to its
revolving line of credit agreement. The amended terms include an increase in the
maximum  amount of  borrowings  available to the Company.  SunTrust  Bank is the
Joint  Lead  Arranger/Administrative  Agent for the  eight  bank  syndicate  and
KeyBank, National Association is the Joint Lead Arranger/Syndication Agent.

     The  maximum  amount the Company can borrow at any one time is known as the
Borrowing Base. The Borrowing Base can increase or decrease based upon the value
of the collateral  which secures any amounts  borrowed under the line of credit.
For the  most  part,  the  value  of the  collateral  will be  derived  from the
estimated  future  cash  flows of the  Company's  proved  oil and gas  reserves,
discounted  by 10%. The new  Borrowing  Base is  $230,000,000.  The maximum loan
commitment by the banks is  $500,000,000,  subject to lesser amounts  imposed by
the Borrowing Base.

     The interest rate on  outstanding  borrowings  will be based upon a pricing
grid which escalates with utilization and establishes a minimum of 2.5%.

     Amounts borrowed from the banks:

     o    will be used to develop  oil and gas  properties,  acquire new oil and
          gas properties,  and for working  capital and other general  corporate
          purposes;

     o    will be due and payable on December 15, 2019; and

     o    are secured by substantially all of the Company's  producing wells and
          developed oil and gas leases.

     On December 15, 2014 the Company used  approximately  $66,167,000  from the
credit line in connection  with the  acquisition of the properties  described in
Item 2.01 below.

     Any of the  following are an event of default which would cause any amounts
due under the line of credit to become immediately due and payable:

     o    the Company fails to make any interest or principal  payment when due;
          and

     o    the  Company  breaches  any  representation,  warranty  or covenant or
          defaults  in the timely  performance  of any other  obligation  in its
          agreements with the banks.

     The foregoing description of the line of credit agreement, including events
of default,  does not purport to be complete and is qualified in its entirety by
reference  to the full text of the  credit  agreement  which will be filed as an
exhibit to the Company's  report on Form 10-Q for the period ending November 30,
2014.

                                       2
Item 2.01   Completion of Acquisition or Disposition of Assets

     As previously reported in a current report on Form 8-K filed by the Company
on  November  4,  2014,  the  Company  entered  into  an  agreement  with  three
independent  oil and gas companies to acquire oil and gas properties  consisting
of:

     o    Non-operated  working interests in seventeen  horizontal wells, ten of
          which are in production  (including four mid-reach laterals) and seven
          of which have been completed and are in the early stages of flow back;

     o    73 operated and 11 non-operated vertical wells;

     o    35 permit  applications  for operated  horizontal  wells (including 20
          extended reach laterals);

     o    5,040 gross acres  (4,053 net) with rights to the Codell and  Niobrara
          formations;

     o    2,400  gross  acres  (1,739  net)  with  rights  to other  formations,
          including the Sussex, Shannon and J-Sand;

     o    3D seismic data; and

     o    Miscellaneous equipment.

     The transaction  contemplated by the agreement closed on December 15, 2014.
The agreement has an effective  date of October 1, 2014. The Company will assume
operational responsibility for the 73 operated vertical wells.

     Working interests in the horizontal wells range from 6% to 40%.

     Working interests in the vertical wells range from 5% to 100%.

     The producing oil and gas properties  are located in the Wattenberg  Field,
which is part of the Denver-Julesburg Basin. Preliminary estimates indicate that
the undeveloped acreage will provide locations to drill 150 horizontal wells.

     The  purchase  price for the oil and gas  properties,  subject to  ordinary
closing and post-closing  adjustments,  was $125 million. The purchase price was
paid with cash of approximately  $75 million and 4,648,136  restricted shares of
the Company's common stock which,  for purposes of the transaction,  were valued
at $50 million.

     The foregoing  description is qualified in its entirety by reference to the
full text of the agreement  pertaining to the acquisition which will be filed as
an exhibit to the Company's  report on Form 10-Q for the period ending  November
30, 2014.

                                       3
Item 2.03.  Creation of a Direct Financial  Obligation or an Obligation under an
            Off-Balance Sheet Arrangement of a Registrant

     The information  included under Item 1.01 is incorporated by reference into
this Item 2.03.

Item 3.02.  Unregistered Sales of Equity Securities

     The  issuance  of  shares of common  stock  described  in Item 2.01 of this
report was deemed to be exempt from  registration  under the  Securities  Act of
1933,  as amended (the  "Securities  Act") in reliance  upon Section 4(2) of the
Securities  Act, as a transaction not involving a public  offering.  The parties
which received the shares were provided full information regarding the Company's
business and operations and there was no general solicitation in connection with
the  offer or sale of these  securities.  The  parties  acquired  the  shares of
restricted common stock for their own account. The certificates representing the
shares bear restrictive  legends providing that the shares cannot be sold except
pursuant  to  an  effective   registration   statement  or  an  exemption   from
registration.  No  commission  was paid to any  person  in  connection  with the
issuance of these shares.

Item 9.01.  Financial Statements and Exhibits

     The financial  statements required by Item 9.01(a) and (b) will be filed as
an amendment to this report.

                                       4
SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

Date: December 17, 2014

                                   SYNERGY RESOURCES CORPORATION

                                   By:/s/ Frank L. Jennings
                                      -------------------------------------
                                      Frank L. Jennings, Principal Financial and
                                      Accounting Officer