HOUSTON, Aug. 4, 2022 - Surge Energy US Holdings Company ("Surge" or the "Company") announces a key milestone that the Company has returned to utilizing recycled, produced water in all completions. As previously announced, Surge and Gravity Water Midstream, LLC ("Gravity") entered into an agreement to install a produced water recycling facility in Howard County, Texas. This facility was commissioned in July 2022 and enables Surge to recycle produced water for completions in the eastern area of the Company's acreage position which was primarily acquired in 2021.
Surge initially began utilizing recycled produced water for completion operations in 2017. This practice both conserves fresh water and reduces operating expenses. This newly commissioned facility is the Company's fourth recycling facility. The practice of using recycled produced water eliminates the need for freshwater as well as reduces the water volumes distributed to saltwater disposal wells in the area.
"Surge has been using recycled produced water for fracking for over five years which has resulted in the conservation of over 3.6 billion gallons of freshwater since we initiated the practice in 2017," stated Linhua Guan, Surge's CEO. "The investment in this facility demonstrates Surge's commitment to responsible water management across our entire acreage position."
About Surge
Surge is an independent oil and natural gas company focused on the development, exploitation, production and acquisition of oil and natural gas reserves in the Midland Basin of West Texas, one of three primary sub-basins of the Permian Basin. The Company is headquartered in Houston, Texas, and currently holds approximately 114,000 net acres in the Permian Basin. For more information, visit our website at www.SurgeEnergyA.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/surge-energy-america-announces-return-to-100-of-completions-using-recycled-produced-water-301600232.html
SOURCE Surge Energy
Contact Travis Guidry, Vice President of Corporate Development & Investor Relations, TGuidry@surgeenergya.com, 832-333-2339
Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!
