Surge Energy Inc.

Surge Energy US Holdings Company announces J. Phillip Webb has elected to retire from the company effective December 31, 2021. Mr. Webb has served as the Chief Operating Officer since the founding of the company. "I would like to thank Phil for his significant and outstanding contributions to Surge," CEO Linhua Guan said. "Phil's leadership has been instrumental in the success of Surge as well as the development of [...]

Surge Energy US Holdings Company announces being recognized on the Houston Business Journal's 2021 Best Places to Work list for the second consecutive year. The list of finalists for this award was announced by Houston Business Journal on September 2, 2021. On November 4, 2021, the ranking of the finalists will be announced by Houston Business Journal. The Houston Business Journal's Best Places to Work is based on an [...]

Surge Energy US Holdings Company announces top quartile water conservation performance in the Permian Basin per an industry benchmarking survey. Surge Energy recently participated in a benchmarking survey that included freshwater and methane intensity comparisons for 13 operators in the Permian Basin during the years 2019 and 2020. Surge Energy was a top quartile performer during these periods. Freshwater intensity [...]

Surge Energy Inc. is pleased to announce that it has successfully completed the previously announced acquisition of Astra Oil Corp. pursuant to an arrangement under the provisions of the Business Corporations Act. SPECIAL MEETING RESULTS; 95% 93% All the issued and outstanding common shares of Astra were acquired by Surge for aggregate consideration consisting of: 1) the issuance of approximately 229 million common shares [...]

Moss Creek Resources Holdings, Inc. , a wholly owned subsidiary of Surge Energy US Holdings Company, has acquired leasehold interest and wells from Apache Corp. in Howard County, TX . The aggregate purchase price of the Transaction at closing was $37.5 million USD. Highlights of the acquired assets include: Approximately 4,000 net leasehold acres adjacent to existing leasehold position in Howard County Approximately 800 [...]

Surge Energy Inc. is pleased to announce its financial and operating results for the quarter ended June 30, 2021. MESSAGE TO SHAREHOLDERS Improving Macro Environment for Oil Demand for crude oil continues to recover from the dramatic plunge caused by the COVID-19 pandemic in 2020. The recovery, combined with historical reductions in capital spending on world-wide oil projects, has resulted in a very tight physical market [...]

Surge Energy US Holdings Company announces it surpassed 100 million gross barrels of oil equivalent produced since the Company took over operatorship of the Moss Creek asset in 2016 and was listed in Houston Chronicle's Top Private Companies headquartered in Houston, TX as published on June 20, 2021. The company celebrated this significant production milestone earlier this month. The Company's production has benefitted [...]

Surge Energy US Holdings Company announces it will partner with U.S. Well Services on a field trial using USWS' all-electric Clean Fleet®. This project represents Surge's first well completions using all-electric hydraulic fracturing technology. "The utilization of Surge's electrical infrastructure for fracking is the latest example of Surge's commitment to sustainability through GHG emissions reduction," stated Linhua [...]

Surge Energy Inc. and Astra Oil Corp. announce that they have entered into an arrangement agreement , pursuant to which Surge has agreed to acquire all of the issued and outstanding common shares of Astra by way of a statutory arrangement for total consideration of approximately $160 million. The Transaction is to be funded by the issuance of Surge common shares , and the assumption of approximately $15 million of net [...]

Surge Energy US Holdings Company announces the use of dual fuel completions on a multi-well, multi-zone pad in its Moss Creek field. Surge Energy recently completed a multi-zone, 10 well project in the Company's Moss Creek field in Howard County. Within this project, the Company completed a five-well pad with a compressed natural gas and diesel dual fuel system which yielded a GHG emissions reduction of approximately 845 [...]