Surge Energy US Holdings Company announces that its bank group, led by administrative agent Citibank N.A., has reaffirmed the Company's $850 million borrowing base. The reaffirmation of the Company's borrowing base, and during the third quarter repaying all borrowings drawn, results in strong liquidity of approximately $940 million with cash on hand as of September 30, 2020. "The reaffirmation of the borrowing base [...]
Surge Energy US Holdings Company announces being recognized on the on the Houston Business Journal's 2020 Best Places to Work list. The list of finalists for this award was announced by Houston Business Journal on August 31, 2020. On October 22, 2020, the ranking of the finalists was announced by Houston Business Journal. The Houston Business Journal's Best Places to Work is based on an independent survey completed by the [...]
Surge Energy US Holdings Company announces being recognized on the Houston Business Journal's 2020 Middle Market 50 list. The list of finalists for this award was announced by Houston Business Journal on August 3, 2020. Surge Energy was one of three upstream oil and gas production companies on the list. On October 1, 2020, the ranking of the finalists was announced by Houston Business Journal. The Middle Market 50 [...]
*This news release contains multimedia – to view the full PDF version as it is intended, please click here* Surge Energy Inc. is pleased to announce its financial and operating results for the quarter ended June 30, 2020. CORPORATE UPDATE - CRUDE PRICE FUNDAMENTALS IMPROVING 1. Managing The Pandemic: Surge's management team has an established track record of making proactive capital allocation decisions to protect [...]
Surge Energy Inc. provides a corporate update, confirmation of a redetermination under the Company's reserves-based credit facility , and a technical update in regards to the Company's Sparky core area. CORPORATE UPDATE – In 2019, with US WTI crude oil prices averaging US$57 WTI per bbl, Surge successfully maintained the Company's annual production , paid its prior dividend , and reduced net debt1 by $79 million . In [...]
Surge Energy Inc. announces that at its annual meeting of shareholders held on May 12, 2020 the following nine director nominees were elected: Votes For Votes Withheld # % # % James Pasieka 91,165,959 99.09 840,447 0.91 Marion Burnyeat 91,253,716 99.18 752,690 0.82 Paul Colborne 91,490,037 99.44 516,369 0.56 Daryl Gilbert 90,877,077 98.77 1,129,329 1.23 Michelle Gramatke 90,977,763 98.88 1,028,643 1.12 Robert Leach [...]
*This news release contains multimedia – to view the full PDF version as it is intended, please click here* Surge Energy Inc. is pleased to announce its financial and operating results for the quarter ending March 31st, 2020. Q1/2020 CORPORATE UPDATE – NAVIGATING THE PANDEMIC Massive crude oil demand destruction from the COVID-19 pandemic, together with increased oil production from OPEC and Russia, contributed to a [...]
Surge Energy Inc. announces that the Annual Meeting of the holders of common shares of Surge , scheduled for Tuesday, May 12, 2020 at 3:00p.m. , has been changed from an in-person meeting to a virtual-only meeting to be held electronically at the same time and on the same date. Shareholders will be able to attend the Meeting electronically using a smartphone, tablet or computer but will not be able to attend the Meeting [...]
*This news release contains multimedia – to view the full PDF version as it is intended, please click here* Surge Energy Inc. provides an operational update. COVID-19: In response to the rapidly evolving COVID-19 pandemic, Surge has taken all possible steps to protect its staff, their families, service providers, stakeholders and the general public. Health and safety is our number one priority and we have a dedicated team [...]
Surge Energy US Holdings Company is renewing its focus on sustainability through emission control, conservation and corporate responsibility. "Surge Energy places a high value on our responsibility to the environment. This is demonstrated by our proactive efforts and investment that minimizes our footprint." - CEO Linhua Guan Emission Control Surge Energy has taken a variety of actions to reduce our air emissions. These [...]
Surge Energy Inc. confirms that a cash dividend to be paid on April 15, 2020 in respect of March 2020 production, for the shareholders of record on March 31, 2020 will be $0.000833 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act . Surge Energy Inc. is an oil-weighted production and development company with high quality, large oil in place, crude oil reservoirs. Management is focused [...]
Surge Energy Inc. is pleased to announce its financial and operating results for the quarter and year ended December 31, 2019, and its year-end 2019 reserves, as evaluated by Sproule. MESSAGE TO THE SHAREHOLDERS Surge had a solid year in 2019. The Company's 2019 production averaged 21,175 boepd , an increase of more than 17 percent as compared to 2018 average production volumes of 18,058 boepd . During the year Surge was [...]
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