Surge Energy Inc.

Surge Energy Inc. is pleased to announce the Company's financial and operating results for the quarter ended June 30, 2023. MESSAGE TO SHAREHOLDERS Crude oil prices softened over the course of the second quarter, with Western Texas Intermediate averaging nearly US$80 per bbl in April 2023, and approximately US$70 per bbl in June 2023. Despite this drop in WTI pricing, Surge realized significant benefits from a dramatic [...]

Surge Energy Inc. confirms that a cash dividend to be paid on August 15, 2023, in respect of July 2023 production, for the shareholders of record on July 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 defined [...]

Surge Energy US Holdings Company today announced that it was listed in the Houston Chronicle's Top 100 Private Companies headquartered in Houston, TX as published on June 18, 2023. Surge Energy Ranked 16th on the list of top private companies as determined by the Houston Chronicle. The list is based on 2022 revenues and was published in the Houston Chronicle 100 on June 18, 2022. Of the companies listed in the top 20 [...]

Surge Energy Inc. confirms that a cash dividend to be paid on July 17, 2023, in respect of June 2023 production, for the shareholders of record on June 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 defined operating [...]

Surge Energy US Holdings Company today announced the Company celebrated its eighth anniversary of the Company's founding. Surge Energy was founded in May 2015 and has since accumulated over 160,000 net acres in the Permian Basin, drilled and completed approximately 498 horizontal wells, grown production by over 16 times from 2015 production levels, and conserved over 4.6 billion gallons of fresh water through the [...]

Surge Energy Inc. confirms that a cash dividend to be paid on June 15, 2023, in respect of May 2023 production, for the shareholders of record on May 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 defined operating [...]

Surge Energy Inc. announces that at its annual meeting of shareholders held on May 10, 2023 the following nine director nominees were elected: Votes For Votes Withheld # % # % James Pasieka Marion Burnyeat 33,553,225 32,526,017 99.36% 99.28% 208,736 235,944 0.64% 0.72% Paul Colborne Daryl Gilbert Michelle Gramatke 32,544,010 32,530,078 30,334,494 99.33% 99.29% 92.59% 217,951 231,883 2,427,467 0.67% 0.71% 7.41% Robert [...]

Surge Energy Inc. is pleased to announce the Company's financial and operating results for the quarter ended March 31, 2023, and an update on Surge's latest drilling results. Q1 2023 FINANCIAL & OPERATING HIGHLIGHTS Q1/23 is the Company's first quarter that includes the full impact of the strategic acquisition of high quality, core area assets from Enerplus , which closed in late Q4/22. In Q1/23 Surge delivered an [...]

HOUSTON , April 28, 2023 /PRNewswire/ -- Surge Energy US Holdings Company today announced strong sustainability and financial success in 2022. 2022 was a transformative and record-breaking year for Surge Energy. The Company delivered company-record production levels, free cash flow, and net income. On sustainability, the Company continues to make progress toward the four ESG-related company goals that were announced via [...]

Surge Energy US Holdings Company announces upgraded credit ratings from S&P Global Ratings to Moss Creek Resources Holdings, Inc. , a subsidiary of Surge Energy and issuer of the Company's Senior Unsecured Notes . As announced by S&P, the issuer credit rating on Moss Creek was upgraded to 'B' from 'B-'. The issue-level ratings on the Company's unsecured notes were also upgraded to 'B+' from 'B'. "We believe this ratings [...]