Surge Energy US Holdings Company announces both the Company's two outstanding issuances of Senior Notes significantly outperformed the High Yield Bond Market for the third consecutive year from 2021 through 2023. The Company's two bond issuances, Senior Notes due 2026 and Senior Notes due 2027 delivered total returns of approximately 18% and 19% respectively in 2023. These returns outperformed the ICE BofA US High Yield [...]
Surge Energy Inc. confirms that a cash dividend to be paid on January 15, 2024, in respect of December 2023 production, for the shareholders of record on December 31, 2023, will be $0.04 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act . Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company's [...]
Surge Energy Inc. is pleased to announce its 2024 capital and operating budget as approved by the Company's Board of Directors, the release of the Company's third annual sustainability report, as well as the appointment of two Vice Presidents. 2024 Surge's focus in 2024 will continue to be on disciplined capital allocation, with cash flow strategically allocated between high rate of return capital projects, net debt1 [...]
Surge Energy US Holdings Company announces it has eliminated approximately 365 thousand metric tons of CO2e through operational excellence, innovation, and investments in emissions-eliminating infrastructure and operations such as water infrastructure, electrical infrastructure, and the use of dual fuel completions operations. These emissions-eliminating infrastructure and operational practices include: Investment in two [...]
Surge Energy Inc. confirms that a cash dividend to be paid on December 15, 2023, in respect of November 2023 production, for the shareholders of record on November 30, 2023, will be $0.04 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act . Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company's [...]
Surge Energy Inc. is pleased to announce the Company's financial and operating results for the quarter ended September 30, 2023, together with an update on Surge's latest drilling results. Select financial and operating information is outlined below and should be read in conjunction with the Company's unaudited consolidated interim financial statements and management's discussion and analysis for the three and nine months [...]
Surge Energy Inc. is pleased to announce that it has closed the previously announced convertible debenture financing with a syndicate of underwriters , led by National Bank Financial Inc., pursuant to which the Underwriters purchased an aggregate principal amount of $48.3 million of convertible unsecured subordinated debentures of the Company , including exercise in full of the over-allotment option granted to the [...]
Surge Energy Inc. confirms that a cash dividend to be paid on November 15, 2023, in respect of October 2023 production, for the shareholders of record on October 31, 2023, will be $0.04 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act . Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company's [...]
Surge Energy Inc. is pleased to announce a public offering on a "bought deal" basis, of $42 million principal amount of convertible unsecured subordinated debentures, at a price of $1,000 per debenture, with an interest rate of 8.50% per annum, payable semi-annually in arrears on the last day of June and December commencing on June 30, 2024 . The Debentures will mature on December 31, 2028. The completion of the Offering [...]
Surge Energy US Holdings Company today announced the release of the Company's 2023 Corporate Sustainability Report. This is the Company's second publicly available report and fourth overall report, providing a comprehensive update on Surge's sustainability goals, relevant operational investments, and environmental, social, and governance initiatives. Additionally, the report provides disclosures in line with the [...]
Surge Energy US Holdings Company announces it has surpassed $8 billion of contribution to the Texas economy which includes cumulative oil and gas revenues, royalty and working interest payments, and production taxes since the Company's inception in 2015. This was achieved in the second quarter of 2023 as a result of the continuous growth of the company through acquisitions and ongoing development activities. The Company's [...]
Surge Energy Inc. confirms that a cash dividend to be paid on October 16, 2023, in respect of September 2023 production, for the shareholders of record on September 30, 2023, will be $0.04 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act . Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company's [...]
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