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): May 24, 2011


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


             Colorado                      None                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)

<PAGE>



Item 1.01 Entry into a Material Definitive Agreement

     See Item 2.01 of this report.


Item 2.01 Completion of Acquisition or Disposition of Assets

     On May 24, 2011 the Company  acquired the following oil and gas  properties
from Petroleum Exploration and Management,  LLC (`PEM"), a company owned equally
by Ed Holloway  and William E. Scaff,  Jr.,  two of the  Company's  officers and
directors:

     o    87 producing oil and gas wells;

     o    one shut-in well; and

     o    oil and gas leases covering approximately 6,968 gross acres.

     PEM's working  interest in the wells ranges between 3% and 100%.  PEM's net
revenue interest in the wells ranges between 2.44% and 80%.

     The acquisition was approved by:

     o    a majority of the Company's disinterested directors, and

     o    the vote of the Company's shareholders owning a majority of the shares
          in attendance at a special meeting of the Company's  shareholders held
          on May 23, 2011, with Mr. Holloway and Mr. Scaff not voting.

     In  consideration  for the oil and gas  properties  the  Company  paid  PEM
$10,000,000 in cash and issued PEM 1,381,818 shares of the Company's  restricted
common stock and a promissory  note in the principal  amount of $5,200,000.  The
note pays interest  annually at 5.25%, is due on January 2, 2012, and is secured
by the  assets  acquired  from PEM.  The  Company  did not  assume  any of PEM's
liabilities.

     All of the properties acquired from PEM are located in the Denver-Julesburg
Basin.

Item 9.01 Financial Statements and Exhibits

     The financial  statements required by subpart (a) and (b) of this Item 9.01
will be filed by amendment.

                                       2

<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: May 24, 2011


                                    SYNERGY RESOURCES CORPORATION


                                    By: /s/ Ed Holloway
                                        -------------------------------------
                                        Ed Holloway, President

                                       3

<PAGE>
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{"company-data": {"conformed-name": "SYNERGY RESOURCES CORP", "cik": "0001413507", "assigned-sic": "1382", "irs-number": "202835920", "state-of-incorporation": "CO", "fiscal-year-end": "0831"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-146561", "film-number": "11868923"}, "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): May 24, 2011

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

             Colorado                      None                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)
Item 1.01 Entry into a Material Definitive Agreement

     See Item 2.01 of this report.

Item 2.01 Completion of Acquisition or Disposition of Assets

     On May 24, 2011 the Company  acquired the following oil and gas  properties
from Petroleum Exploration and Management,  LLC (`PEM"), a company owned equally
by Ed Holloway  and William E. Scaff,  Jr.,  two of the  Company's  officers and
directors:

     o    87 producing oil and gas wells;

     o    one shut-in well; and

     o    oil and gas leases covering approximately 6,968 gross acres.

     PEM's working  interest in the wells ranges between 3% and 100%.  PEM's net
revenue interest in the wells ranges between 2.44% and 80%.

     The acquisition was approved by:

     o    a majority of the Company's disinterested directors, and

     o    the vote of the Company's shareholders owning a majority of the shares
          in attendance at a special meeting of the Company's  shareholders held
          on May 23, 2011, with Mr. Holloway and Mr. Scaff not voting.

     In  consideration  for the oil and gas  properties  the  Company  paid  PEM
$10,000,000 in cash and issued PEM 1,381,818 shares of the Company's  restricted
common stock and a promissory  note in the principal  amount of $5,200,000.  The
note pays interest  annually at 5.25%, is due on January 2, 2012, and is secured
by the  assets  acquired  from PEM.  The  Company  did not  assume  any of PEM's
liabilities.

     All of the properties acquired from PEM are located in the Denver-Julesburg
Basin.

Item 9.01 Financial Statements and Exhibits

     The financial  statements required by subpart (a) and (b) of this Item 9.01
will be filed by amendment.

                                       2
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: May 24, 2011

                                    SYNERGY RESOURCES CORPORATION

                                    By: /s/ Ed Holloway
                                        -------------------------------------
                                        Ed Holloway, President

                                       3