Investor News

Investor Relations: (832) 333-2400
InvestorRelations@SurgeEnergyA.com




Recent News & Updates

6/30/2021

Surge Energy America Announces 100 MMBOE Production Milestone and Listing in Houston Chronicle’s Top Private Companies

Houston, TX, June 30, 2021

June 30, 2021 – Surge Energy US Holdings Company (“Surge Energy” or the “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 the Texas economy and community through significant capital investment, royalty payments to mineral owners who have interest under Surge Energy’s producing acreage, contribution to local and state taxes, as well as creating local employment opportunities. Since inception, the Company has paid over $900 million in royalty payments to mineral owners while the State of Texas and several counties within Texas have received over $165 million of production and value related taxes.

“Surge is proud to celebrate this significant achievement of reaching 100 million gross barrels of oil equivalent in our very short six-year history as a company,” stated Chief Executive Officer Linhua Guan. “This production has made a substantial economic impact in Texas as evidenced by over $1 billion dollars being distributed as royalty and tax payments.”

Surge Energy Ranked 20th on the list of top private companies as determined by the Houston Chronicle. The list was published in the Houston Chronicle 100 on June 20, 2021 and is based on 2020 revenues. Surge Energy was the highest ranked E&P operator on the list.

About Surge Energy
Surge Energy US Holdings Company 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 110,000 net acres in the Permian Basin. Based on a Railroad Commission of Texas report, Surge was one of only two internationally sponsored companies in the top 20 oil producers in the state of Texas in 2019. For more information, visit our website at www.SurgeEnergyA.com.

Contact Information
Travis Guidry
Director of Corporate Development & Investor Relations
Email: TGuidry@SurgeEnergyA.com
Phone: 832-333-2339

Investor Relations
Email: InvestorRelations@SurgeEnergyA.com
Phone: 832-333-2400


6/25/2021

Surge Energy America Announces Electric Frack Fleet Field Trial with U.S. Well Services

Houston, TX, June 25th, 2021

June 25, 2021 – Surge Energy US Holdings Company (“Surge Energy” or the “Company”) announces it will partner with U.S. Well Services (NASDAQ: USWS) (“USWS”) 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 Guan, Surge’s CEO. “We are excited to be partnering with USWS on this project based on both companies’ shared commitment to reduce emissions through the use of innovation.”

“U.S. Well Services is pleased to be partnering with Surge Energy,” commented Joel Broussard, USWS’ President and CEO. “Surge is a leading Permian Basin E&P operator and has consistently proven their commitment to reducing the emissions intensity of their operations through the use of advanced fracturing technology. Surge is an ideal customer for USWS given its dedication to electrifying the oilfield, as evidenced by their investments in infrastructure that could ultimately enable zero-emissions well completions using grid power. We are excited to deploy our Clean Fleet for Surge and demonstrate the fuel cost savings and emissions reduction potential of the technology during this upcoming field trial. We hope to build upon our relationship with Surge and leverage our intellectual property and expertise to help them explore future opportunities.”


About U.S. Well Services, Inc
U.S. Well Services, Inc. is a leading provider of hydraulic fracturing services and a market leader in electric fracture stimulation. The Company’s patented electric frac technology provides one of the first fully electric, mobile well stimulation systems powered by locally-supplied natural gas, including field gas sourced directly from the wellhead. The Company’s electric frac technology dramatically decreases emissions and sound pollution while generating exceptional operational efficiencies, including significant customer fuel cost savings versus conventional diesel fleets. For more information visit: www.uswellservices.com. Information on our website is not part of this release.

About Surge Energy
Surge Energy US Holdings Company 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 110,000 net acres in the Permian Basin. Based on a Railroad Commission of Texas report, Surge was one of only two internationally sponsored companies in the top 20 oil producers in the state of Texas in 2019. For more information, visit our website at www.SurgeEnergyA.com.

Contact Information
Travis Guidry
Director of Corporate Development & Investor Relations
Email: TGuidry@SurgeEnergyA.com
Phone: 832-333-2339

Investor Relations
Email: InvestorRelations@SurgeEnergyA.com
Phone: 832-333-2400


6/3/2021

Surge Energy America Announces Use of Dual Fuel Completions

Houston, TX, June 3rd, 2021

June 3, 2021 – Surge Energy US Holdings Company (“Surge Energy” or the “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 (“CNG”) and diesel dual fuel system which yielded a GHG emissions reduction of approximately 845 metric tons (1.86 million pounds) of CO2e Emissions. Further, the Company has plans to introduce an electric frac fleet in 2021 to further reduce GHG emissions.

“The use of CNG and diesel dual fuel powered fracking is the latest example of Surge’s culture of innovation,” stated CEO Linhua Guan. “Using dual fuel completions and plans to further reduce GHG emissions with an electric frac fleet demonstrate Surge’s commitment to sustainability.”


About Surge Energy
Surge Energy US Holdings Company 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 110,000 net acres in the Permian Basin. Based on a Railroad Commission of Texas report, Surge was one of only two internationally sponsored companies in the top 20 oil producers in the state of Texas in 2019. For more information, visit our website at www.SurgeEnergyA.com.

Contact Information
Travis Guidry
Director of Corporate Development & Investor Relations
Email: TGuidry@SurgeEnergyA.com
Phone: 832-333-2339

Investor Relations
Email: InvestorRelations@SurgeEnergyA.com
Phone: 832-333-2400


4/15/2021

Surge Energy America Announces Third Party OOIP Estimate

Houston, TX, April 15th, 2021

April 15, 2021 – Surge Energy US Holdings Company (“Surge Energy”) has engaged ZetaWare, Inc. (“ZetaWare”), an independent firm, to assess the estimated original oil in place (“OOIP”) under its Moss Creek assets in Howard and Borden Counties in Texas. The firm has determined the estimated OOIP to be approximately seventeen billion barrels of oil. ZetaWare is an independent firm known for petroleum system modeling and resource simulation and determination.

Of the approximately seventeen billion barrels of OOIP resource, Surge Energy is currently developing two primary zones that are well delineated and understood, is pursuing appraisal and development of two secondary zones, and is studying upside opportunity in two additional zones in the Moss Creek Field. Surge Energy and previous operators have recovered less than 1% of the total OOIP calculated by Zetaware.

The primary recovery factor for unconventional shale oil play is generally in the range of 2-8% (Journal of Petroleum Technology, September 30, 2019).

“Surge Energy is constantly evaluating opportunities to increase oil recovery,” said Chief Geologist, Dr. Xijin (CJ) Liu. “The amount of oil produced to date compared to total calculated OOIP suggests that opportunities exist to recover more oil into the future.”

“Surge Energy has made great progress in the geological understanding of the Moss Creek Field in the past several years,” said Chief Executive Office Linhua Guan. “This estimation by ZetaWare supports the presence of significant OOIP and I am excited about Surge Energy’s future with our strong resource base and talented workforce.”


About Surge Energy
Surge Energy US Holdings Company 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 110,000 net acres in the Permian Basin. Based on a Railroad Commission of Texas report, Surge was one of only two internationally sponsored companies in the top 20 oil producers in the state of Texas in 2019. For more information, visit our website at www.SurgeEnergyA.com.

Contact Information
Travis Guidry
Director of Corporate Development & Investor Relations
Email: TGuidry@SurgeEnergyA.com
Phone: 832-333-2339

Investor Relations
Email: InvestorRelations@SurgeEnergyA.com
Phone: 832-333-2400


3/31/2021

Surge Energy America Completes Midland Basin Acquisition

Houston, TX, March 31th, 2021

March 31, 2021 – Surge Energy US Holdings Company (“Surge Energy” or the “Company”) announced in the US that it, through its subsidiary, has completed the previously announced acquisition of leasehold interest and producing wells from Grenadier Energy Partners II LLC (“GEP II”) in Howard County, TX (the “Transaction”). The aggregate purchase price of the Transaction was approximately $420 million USD.

About Surge Energy
Surge Energy US Holdings Company 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 110,000 net acres in the Permian Basin. Based on a Railroad Commission of Texas report, Surge was one of only two internationally sponsored companies in the top 20 oil producers in the state of Texas in 2019. For more information, visit our website at www.SurgeEnergyA.com.

Contact Information
Travis Guidry
Director of Corporate Development & Investor Relations
Email: TGuidry@SurgeEnergyA.com
Phone: 832-333-2339

Investor Relations
Email: InvestorRelations@SurgeEnergyA.com
Phone: 832-333-2400


3/29/2021

Surge Energy America Announces Inaugural Sustainability Report and Commitment to ESG

Houston, TX, March 29th, 2021

March 29, 2021 – Surge Energy US Holdings Company (“Surge Energy” or the “Company”) announced the publication of its inaugural Sustainability Report and reiterated commitment to ESG.

Highlights include:

• Inaugural report modeled after Sustainability Accounting Standards Board (“SASB”) guidelines
• Key performance indicators for Health, Safety and Environment are included in compensation program for all employees and management
• Surge’s commitment to reducing GHG emissions has been demonstrated by gas flaring volumes reductions of greater than 60% in 2020 relative to 2019, despite an increase of gross produced gas volume by approximately 13%
• Surge values its people as its greatest asset, which was demonstrated by being recognized in Houston Business Journal’s 2020 best places to work
• Company created Corporate Responsibility Team (“CRT”) to oversee, report, set goals and track performance on ESG topics for executive management
• Sustainability Report is planned to be published annually; Inaugural report is for 2019 performance and operations
The inaugural Sustainability report is available to current and prospective bondholders and ratings agencies on the VDR found at http://www.surgeenergya.com/InvestorRelations.Request.html and has been provided to the Company’s revolving credit facility bank group.

About Surge Energy
Surge Energy US Holdings Company 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 93,000 net acres in the Permian Basin. For more information, visit our website at www.surgeenergya.com.

Contact Information
Travis Guidry
Director of Corporate Development & Investor Relations
Email: TGuidry@SurgeEnergyA.com
Phone: 832-333-2339

Investor Relations
Email: InvestorRelations@SurgeEnergyA.com
Phone: 832-333-2400


2/1/2021

Surge Energy America Announces Significant Midland Basin Acquisition

Houston, TX, February 1, 2021

February 1, 2021 – Surge Energy US Holdings Company (“Surge Energy” or the “Company”) announced that, through its subsidiary, has signed a purchase and sale agreement to acquire leasehold interest and producing wells from Grenadier Energy Partners II LLC (“GEP II”) in Howard County, TX (the “Transaction”). The aggregate purchase price of the Transaction is expected to be approximately $420 million USD.

Highlights of the acquired assets include:

• Average production of approximately 9,000 Boepd (approximately 75% oil)
• Approximately 18,010 net leasehold acreage
• Operated inventory of approximately 120 high-quality, economic future drilling locations
The Transaction is expected to close in late first quarter.

"This acquisition is consistent with our strategy of building a long-term, sustainable oil and gas company," stated Chief Executive Officer Linhua Guan. “The combination of both production and high-quality inventory support both near term cash flow and strong economic returns for years to come.”

Citi acted as financial advisors to Surge Energy. Jefferies LLC acted as financial advisor to GEP II. Legal advisors included Thompson & Knight LLP for Surge Energy and Vinson & Elkins LLP for GEP II.

About Surge Energy
Surge Energy US Holdings Company 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 93,000 net acres in the Permian Basin. For more information, visit our website at www.surgeenergya.com.

Contact Information
Travis Guidry
Director of Corporate Development & Investor Relations
Email: TGuidry@SurgeEnergyA.com
Phone: 832-333-2339

Investor Relations
Email: InvestorRelations@SurgeEnergyA.com
Phone: 832-333-2400


10/26/2020

Surge Energy America Announces Reaffirmation of Borrowing Base

Houston, TX, October 26, 2020

October 26, 2020 – Surge Energy US Holdings Company (“Surge Energy” or the “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 demonstrates the quality and resiliency of our assets and the results of ongoing efforts to improve costs and efficiencies," stated Chief Executive Officer Linhua Guan. “This solidified liquidity position gives us confidence as we continue to pursue opportunities to add to our portfolio both via acquisitions and within our acreage position.”

About Surge Energy
Surge Energy US Holdings Company 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 93,000 net acres in the Permian Basin. For more information, visit our website at www.surgeenergya.com.

Contact Information
Travis Guidry
Director of Corporate Development & Investor Relations
Email: TGuidry@SurgeEnergyA.com
Phone: 832-333-2339

Investor Relations
Email: InvestorRelations@SurgeEnergyA.com
Phone: 832-333-2400


10/23/2020

Surge Energy America Recognized on Houston Business Journal’s Best Place to Work List

Houston, TX, October 23, 2020

October 23, 2020 – Surge Energy US Holdings Company (“Surge Energy”) 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 employees of nominated companies. The survey is conducted by Quantum Workplace, and the finalists fall into four size categories. Surge Energy is listed in the “Medium” category which includes companies ranging from 50-99 local employees in the Houston area. Honorees will be featured in the print edition of Houston Business Journal on October 23, 2020.

As previously announced, Surge Energy was one of three upstream oil and gas production companies recognized on the Houston Business Journal Middle Market 50. The Middle Market 50 recognizes the top 50 mid-size public and private companies in the Houston area. Surge Energy was the only upstream oil and gas production company recognized for both the Best Places to Work and Middle Market 50 lists.

"Surge values its people as its greatest asset," stated Chief Executive Officer Linhua Guan. “We strive to attract and keep the best talent with competitive employee benefits, a culture of innovation, and appreciation for our team."

About Surge Energy
Surge Energy US Holdings Company 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 93,000 net acres in the Permian Basin. For more information, visit our website at www.surgeenergya.com.

Contact Information
Travis Guidry
Director of Corporate Development & Investor Relations
Email: TGuidry@SurgeEnergyA.com
Phone: 832-333-2339

Investor Relations
Email: InvestorRelations@SurgeEnergyA.com
Phone: 832-333-2400


10/01/2020

Surge Energy America Recognized on Houston Business Journal’s 2020 Middle Market 50 List

Houston, TX, October 1, 2020

October 1, 2020 – Surge Energy US Holdings Company (“Surge Energy”) 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 recognizes the top 50 mid-size public and private companies in the Houston area. Ranking of the companies for this award is based on recent percentage revenue growth. Honorees will be featured in the print edition of Houston Business Journal on October 2, 2020.

“Surge’s impressive track record of growth and strong operational execution is an example of the employees’ innovation and dedication to the successful development of our assets,” stated Chief Executive Officer Linhua Guan.

About Surge Energy
Surge Energy US Holdings Company 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 93,000 net acres in the Permian Basin. For more information, visit our website at www.surgeenergya.com.

Contact Information
Travis Guidry
Director of Planning & Investor Relations
Email: TGuidry@SurgeEnergyA.com
Phone: 832-333-2339

Investor Relations
Email: InvestorRelations@SurgeEnergyA.com
Phone: 832-333-2400


04/07/2020

Surge Energy US Announces Commitment to Sustainability

Houston, TX, April 7, 2020 “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

Surge Energy US Holdings Company (“Surge Energy”) is renewing its focus on sustainability through emission control, conservation and corporate responsibility.

Emission Control
Surge Energy has taken a variety of actions to reduce our air emissions. These actions include:
• Practicing green completions;
• Avoiding the use of high-bleed pneumatic controllers;
• Instituting a successful leak detection and repair (LDAR) program;
• Building an electrical generating system that eliminated well-site generator emissions;
• Upgrading control devices and facilities to be more efficient; and
• >90% of oil production transported on pipeline which reduces trucks on the road and vehicle emissions related to our operations.

Surge Energy has made significant strides with respect to reducing the flaring of gas in connection with its operations. Flaring gas volumes have significantly been reduced on Surge Energy wells over the last 18 months. Flaring volumes in 2018 and 2019 attributed to Surge Energy were largely due to temporary reductions in third-party processing and takeaway capacity, including as a result of a fire at a gas plant that had been receiving our volumes and impacted the gas plant’s operations into 2019. Since that time, Surge Energy has reduced flared volumes significantly, both on an aggregate volume basis and as a proportion of volumes and remains committed to continuing efforts to reduce flaring. Excluding third-party issues, gas volumes flared from Surge Energy wells over the last 18 months were minimal relative to Surge’s total production and in line with top operators in the area.

Conservation
Surge Energy has conserved more than 60 MMbbls of fresh water through its leading produced water recycling efforts. We use recycled produced water in all of our horizontal hydraulic fracturing well completions in the Permian Basin and have implemented this practice as a program standard. We also take steps to reduce our environmental footprint by recycling our domestic rig water and mud cuttings, improving drilling efficiency by using pad drilling, and transporting our products through pipelines, reducing the need for trucking. Additionally, we conduct environmental reviews of all our drilling locations to understand and address any potential impacts to natural resources.

Corporate Responsibility
Surge Energy is committed to environmental stewardship and supporting the communities where we operate. We are a member of The Environmental Partnership, a landmark initiative that is committed to improving the energy industry’s environmental performance. Surge Energy has invested in projects to improve overall environmental and safety performance. We have upgraded our facilities and our equipment to reduce emissions and installed safety shut-down systems and monitoring systems to safeguard our employees. Our commitment to the community is evidenced by support of local emergency responders and local FFA and rodeo programs. Starting in late 2017, we initiated use of regional sand for our hydraulic fracturing well completions, providing further support for the local economy.

About Surge Energy
Surge Energy US Holdings Company 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 96,000 net acres in the Permian Basin. For more information, visit our website at www.surgeenergya.com.

Contact Information
Travis Guidry
Director of Planning & Investor Relations
Email: TGuidry@SurgeEnergyA.com
Phone: 832-333-2339

Investor Relations
Email: InvestorRelations@SurgeEnergyA.com
Phone: 832-333-2400


08/07/2019

Surge Energy America Announces Being Selected as an Honoree for Houston Business Journal’s Inaugural Innovation Awards

Houston, TX, August 7th, 2019 Surge Energy US Holdings Company (“Surge Energy”) today announced that it has been selected as an honoree for Houston Business Journal’s Inaugural Innovation Awards.

The honorees will be featured in a special section of the Houston Business Journal's September 27 weekly edition and celebrated at the Fast 100 and Innovation Awards event September 26.

The company’s consideration for the award was based on the culture of the company, which from its origin strived to be different by encouraging innovation and outside the box thinking. This culture is what led to drilling and completing a 3.4 mile well, the longest known lateral in the Permian Basin earlier this year.

“Surge’s founding principles and values is the true innovation that has made Surge a different kind of oil company,” stated CEO Linhua Guan. “We are extremely proud of our team’s ability to tackle the hardest business and technical challenges and believe this is what has led to our strong track record of profitability and growth.”

About Surge Energy
Surge Energy 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. Surge Energy is headquartered in Houston, Texas and currently holds approximately 85,000 net acres in the Permian Basin. For more information, visit our website at www.SurgeEnergyA.com.

Contact Information
Travis Guidry
Director of Planning & Investor Relations
Email: TGuidry@SurgeEnergyA.com
Phone: 832-333-2339

Investor Relations
Email: InvestorRelations@SurgeEnergyA.com
Phone: 832-333-2400


07/16/2019

Surge Energy America Announces Successful Completion of Longest Known Lateral in Permian Basin of 3.4 Miles

Houston, TX, July 16, 2019 Surge Energy US Holdings Company (“Surge Energy”) today announced that its wholly owned subsidiary, Moss Creek Resources Holdings, Inc., has successfully completed the longest known lateral in the Permian Basin.

The Medusa Unit C 28-09 3AH was safely and successfully completed and drilled out to total depth. As previously announced, this well is the longest known lateral in the Permian Basin with a total horizontal displacement of 17,935 feet (or 3.4 miles). The completion consisted of 52 frac stages utilizing TTS SlicFrac™ diverter technology to place 2,200 lbs of proppant per lateral foot.

This technological accomplishment was executed with service providers Universal Pressure Pumping for pumping services and GR Energy Services for wireline.

Initial production from this well is expected by the end of the third quarter.

“The successful drilling and completion of the longest known lateral in the Permian Basin demonstrates the strong culture of innovation at Surge Energy,” stated CEO Linhua Guan. “We are extremely proud of our technical and operations teams in this record setting achievement.”

About Surge Energy
Surge Energy 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. Surge Energy is headquartered in Houston, Texas and currently holds approximately 85,000 net acres in the Permian Basin. For more information, visit our website at www.surgeenergya.com.

Contact Information
Travis Guidry
Director of Planning & Investor Relations
Email: TGuidry@surgeenergya.com
Phone: 832-333-2339

Investor Relations
Email: InvestorRelations@surgeenergya.com
Phone: 832-333-2400


05/13/2019

Moss Creek Resources Announces First Quarter 2019 Results Conference Call

Houston, TX, May 13, 2019 Moss Creek Resources Holdings, Inc. (the “Company”), a wholly owned subsidiary of Surge Energy US Holdings Company, today announced that it will hold a conference call to discuss its 2019 first quarter financial and operating results on Thursday, May 16, 2019, at 11:00 AM EST (10:00 AM CST). Hosting the call will be Linhua Guan, Chief Executive Officer, Dexter Burleigh, President; Phil Webb, Chief Operating Officer; James Welch, Chief Financial Officer; and Travis Guidry, Director Planning and Investor Relations.

Conference Call Information:
The conference call is intended to provide information to beneficial owners of the Company’s outstanding Senior Notes (the “Notes”), bona fide prospective holders of the Notes and bona fide security analysis of the Notes. If interested in participating in the conference call, please request access to the Company’s Virtual Data Room (VDR) available under the Investor Relations tab on the Company’s website. Call details are available in the VDR once access is granted.

About Surge Energy US Holdings Company
Surge Energy US Holdings Company 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 85,000 net acres in the Permian Basin. For more information, visit our website at www.surgeenergya.com.

Contact Information
Travis Guidry
Director of Planning & Investor Relations
Email: TGuidry@surgeenergya.com
Phone: 832-333-2339

Investor Relations
Email: InvestorRelations@surgeenergya.com
Phone: 832-333-2400


04/26/2019

Moss Creek Resources Holdings, Inc. Announces Pricing of $500.0 Million Offering of Senior Notes

Houston, TX, April 26, 2019 Moss Creek Resources Holdings, Inc. (the “Company”), a wholly-owned subsidiary of Surge Energy US Holdings Company, announced today that it has priced $500.0 million aggregate principal amount of its 10.5% senior unsecured notes due 2027 (the “Notes”) in a private offering (the “Offering”) that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). The Offering is expected to close on May 1, 2019, subject to customary closing conditions.

The Notes will be senior unsecured obligations of the Company and will initially be guaranteed by each of the Company’s two subsidiaries, Moss Creek Resources, LLC and Surge Operating, LLC.

The Company intends to use the net proceeds from the Offering to repay all outstanding borrowings under its revolving credit facility, with the remainder of the net proceeds to be used for general corporate purposes.

The Notes and related guarantees are being offered in a private placement, solely to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act or outside the United States to non-U.S. persons in compliance with Regulation S under the Securities Act. The Notes and related guarantees have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities or blue sky laws and foreign security laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any Notes, nor shall there be any sales of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

This press release includes “forward-looking statements,” including, in particular, statements about the Company’s plans, strategies and prospects. These forward-looking statements can generally be identified by the use of forward-looking terminology, including the terms “believes,” “expects,” “anticipates,” “intends,” “estimates,” “projects,” “target,” “goal,” “plans,” “objective,” “should” or similar expressions or, in each case, their negative or other variations or comparable terminology. Although the Company bases these forward-looking statements on assumptions that the Company believes are reasonable when made, actual results could differ materially from those projected in the forward-looking statements. These forward-looking statements are subject to risks, uncertainties and assumptions, including, among other things: the Company’s ability to consummate the Offering, changes in general economic and market conditions and other factors discussed in the offering memorandum in connection with this Offering. You should not put undue reliance on any forward-looking statements. You should understand that many important factors, including those discussed herein, could cause actual events and results to differ materially from those expressed or suggested in any forward-looking statement. Any forward-looking statements that the Company makes in this press release speak only as of the date of those statements. Except as required by law, the Company does not undertake any obligation to update or revise these forward-looking statements to reflect new information or events or circumstances that occur after the date of this press release or to reflect the occurrence of unanticipated events or otherwise.


04/22/2019

MOSS CREEK RESOURCES HOLDINGS, INC. ANNOUNCES LAUNCH OF $500.0 MILLION OFFERING OF SENIOR NOTES

Houston, TX, April 22, 2019 Moss Creek Resources Holdings, Inc. (the “Company”), a wholly-owned subsidiary of Surge Energy US Holdings Company, announced today that, subject to market conditions, it intends to offer $500.0 million aggregate principal amount of senior unsecured notes due 2027 (the “Notes”) in a private offering (the “Offering”) that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”).

The Notes will be senior unsecured obligations of the Company and will initially be guaranteed by each of the Company’s two subsidiaries, Moss Creek Resources, LLC and Surge Operating, LLC.

The Company intends to use the net proceeds from the Offering to repay all outstanding borrowings under its revolving credit facility, with the remainder of the net proceeds to be used for general corporate purposes.

The Notes and related guarantees are being offered in a private placement, solely to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act or outside the United States to non-U.S. persons in compliance with Regulation S under the Securities Act. The Notes and related guarantees have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities or blue sky laws and foreign security laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any Notes, nor shall there be any sales of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

This press release includes “forward-looking statements,” including, in particular, statements about the Company’s plans, strategies and prospects. These forward-looking statements can generally be identified by the use of forward-looking terminology, including the terms “believes,” “expects,” “anticipates,” “intends,” “estimates,” “projects,” “target,” “goal,” “plans,” “objective,” “should” or similar expressions or, in each case, their negative or other variations or comparable terminology. Although the Company bases these forward-looking statements on assumptions that the Company believes are reasonable when made, actual results could differ materially from those projected in the forward-looking statements. These forward-looking statements are subject to risks, uncertainties and assumptions, including, among other things: the Company’s ability to consummate the Offering, changes in general economic and market conditions and other factors discussed in the offering memorandum in connection with this Offering. You should not put undue reliance on any forward-looking statements. You should understand that many important factors, including those discussed herein, could cause actual events and results to differ materially from those expressed or suggested in any forward-looking statement. Any forward-looking statements that the Company makes in this press release speak only as of the date of those statements. Except as required by law, the Company does not undertake any obligation to update or revise these forward-looking statements to reflect new information or events or circumstances that occur after the date of this press release or to reflect the occurrence of unanticipated events or otherwise.


04/17/2019

Surge Energy Announces Drilling the Longest Known Lateral in the Permian Basin of 3.4 Miles

Moss Creek Resources Holdings, Inc. (the “Company”), a wholly owned subsidiary of Surge Energy US Holdings Company, today announced the drilling of the longest known lateral in the Permian Basin.

The Medusa Unit C 28-09 3AH was successfully drilled to a total-measured-depth of 24,592 feet (total vertical depth of 7,102 feet). This record breaking well was drilled 100% in zone of the Wolfcamp A with a total horizontal displacement of 17,935 feet (or 3.4 miles). This is the longest known lateral in the Permian Basin based on the IHS and Drillinginfo databases.

This technological accomplishment was executed in 18 days from surface to total depth utilizing conventional mud motor and measurement-while-drilling (MWD) technology. Surge Energy partnered with Latshaw Drilling & Exploration’s Rig 10 and Pro Directional for directional services.

The well is expected to be completed and brought online later in the year.

“This industry milestone in the Permian Basin is our latest example of the innovation and technical expertise being executed by the Surge Energy Team” stated President and CEO Dexter Burleigh. “We are extremely proud of our Drilling Team for this significant achievement.”

About Surge Energy US Holdings Company

About Surge Energy US Holdings Company Surge Energy US Holdings Company 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 85,000 net acres in the Permian Basin. For more information, visit our website at www.surgeenergya.com.

Contact Information:

Travis Guidry
Director of Planning & Investor Relations
Email: TGuidry@surgeenergya.com
Phone: 832‐333‐2339

Investor Relations
Email: InvestorRelations@surgeenergya.com
Phone: 832‐333‐2400

02/07/2019

Moss Creek Resources Announces Conference Call to Announce 2018 Preliminary Results and 2019 Capital Plan

Moss Creek Resources Holdings, Inc. (the “Company”), a wholly owned subsidiary of Surge Energy US Holding Company, today announced that it will hold a conference call to discuss its preliminary 2018 results and 2019 capital plan and give a company update on February 14, 2019 at 10:00 AM EST (9:00 AM CST). Hosting the call will be Dexter Burleigh, Chief Executive Officer; Phil Webb, Chief Operating Officer; and James Welch, Chief Financial Officer.

Conference Call Information:

The conference call is intended to provide information to beneficial owners of the Company’s outstanding 7.500% Senior Notes due 2026 (the “Notes”), bona fide prospective holders of the Notes and bona fide security analysis of the Notes. If interested in participating in the conference call, please request access to the Company’s Virtual Data Room (VDR) available under the Investor Relations tab on the Company’s website. Call details are available in the VDR once access is granted.

About Surge Energy US Holdings Company

Surge Energy US Holdings Company 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 85,000 net acres in the Permian Basin. For more information, visit our website at www.surgeenergya.com.

Contact Information:

Travis Guidry
Director of Planning & Investor Relations
Email: TGuidry@surgeenergya.com
Phone: 832‐333‐2339

Investor Relations
Email: InvestorRelations@surgeenergya.com
Phone: 832‐333‐2400


11/02/2018

SURGE ENERGY TO PRESENT AT BANK OF AMERICA MERRILL LYNCH LEVERAGED FINANCE CONFERENCE

Moss Creek Resources Holdings, Inc. (the “Company”), a wholly owned subsidiary of Surge Energy US Holdings Company, today announced that it will be presenting and hosting one-on-one meetings at the Bank of America Merrill Lynch Leveraged Finance Conference in Boca Raton, FL from December 3rd to December 5th, 2018. President and Chief Executive Officer, Dexter Burleigh, will present with the presentation scheduled at 9:30 a.m. Eastern Time on December 5th. Mr. Burleigh will join Chief Financial Officer, James Welch, Director of Planning and Economics, Travis Guidry and Director of Treasury and Commercial, Brandy Yelton to host one-on-one meetings on Tuesday, December 4th and Wednesday December 5th. The Company will be uploading the presentation material to its VDR site.

About Surge Energy US Holdings Company

Surge Energy US Holdings Company 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 83,000 net acres in the Permian Basin. For more information, visit our website at www.surgeenergya.com.

Contact Information:

Travis Guidry
Director of Planning & Investor Relations
Email: TGuidry@surgeenergya.com
Phone: 832‐333‐2339

Investor Relations
Email: InvestorRelations@surgeenergya.com
Phone: 832‐333‐2400

04/18/2018

MOSS CREEK RESOURCES ANNOUNCES TIMING OF YEAR END 2017 FINANCIAL AND OPERATIONAL RESULTS AND CONFERENCE CALL FOR HIGH YIELD BOND INVESTORS

Moss Creek Resources Holdings, Inc. (the “Company”), a wholly owned subsidiary of Surge Energy US Holdings Company, today announced that it will release its year end 2017 financial and operating results on Wednesday, April 25, 2018. In connection with the release, the company will host a conference call for investors on Thursday, April 26, 2018 at 11:00 AM EST (10:00 AM CST). Hosting the call will be Dexter Burleigh, Chief Executive Officer, Phil Webb, Chief Operating Officer, and James Welch, Chief Financial Officer.

Conference Call Information

By Phone: 1.866.385.4064 (United States) or 1.470.279.3818 (International) approximately 10 minutes before the scheduled start time. Please use entry code: SurgeYE2017

A telephone replay will be available through Friday, May 4, 2018 by dialing 1.800.839.2383 (United States/Canada) or 1.402.220.7202 (International).

About Surge Energy US Holdings Company

Surge Energy 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 83,000 net acres in the Permian Basin. For more information, visit our website at www.surgeenergya.com.

Contact Information:

Travis Guidry
Director of Planning & Investor Relations
Email: TGuidry@surgeenergya.com
Phone: 832‐333‐2339

Investor Relations
Email: InvestorRelations@surgeenergya.com
Phone: 832‐333‐2400

01/12/2018

SURGE ENERGY ANNOUNCES PRICING OF $700.0 MILLION OF ITS 7.500% SENIOR NOTES DUE 2026

New York, NY, January 12, 2018 — Moss Creek Resources Holdings, Inc. (the “Company”), a wholly owned subsidiary of Surge Energy US Holdings Company, announced today that it has priced $700.0 million in aggregate principal amount of its 7.500% senior notes due 2026 (the “Notes”) in a private offering (the “Offering”) that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). The Offering is expected to close on January 18, 2018, subject to customary closing conditions.

The Notes will be the senior unsecured obligations of the Company and will initially be guaranteed by each of the Company’s two subsidiaries, Moss Creek Resources, LLC and Surge Operating, LLC.

The Company intends to use the net proceeds from the Offering to repay all outstanding borrowings under, and terminate, the Company’s existing term loan facility, repay outstanding borrowings under the Company’s revolving credit facility, pay related fees and expenses of such transactions and, to the extent there are any remaining proceeds, for general corporate purposes.

The Notes and related guarantees are being offered in a private placement, solely to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act or outside the United States to non-U.S. persons in compliance with Regulation S under the Securities Act. The Notes and related guarantees have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities or blue sky laws and foreign security laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any Notes, nor shall there be any sales of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

This press release includes “forward-looking statements,” including, in particular, statements about the Company’s plans, strategies and prospects. These forward-looking statements can generally be identified by the use of forward-looking terminology, including the terms “believes,” “expects,” “anticipates,” “intends,” “estimates,” “projects,” “target,” “goal,” “plans,” “objective,” “should” or similar expressions or, in each case, their negative or other variations or comparable terminology. Although the Company bases these forward-looking statements on assumptions that the Company believe are reasonable when made, actual results could differ materially from those projected in the forward-looking statements. These forward-looking statements are subject to risks, uncertainties and assumptions, including, among other things: the Company’s ability to consummate the Offering, changes in general economic and market conditions and other factors discussed in the offering memorandum in connection with this Offering. You should not put undue reliance on any forward-looking statements. You should understand that many important factors, including those discussed herein, could cause actual events and results to differ materially from those expressed or suggested in any forward-looking statement. Any forward-looking statements that the Company makes in this press release speak only as of the date of those statements. Except as required by law, the Company does not undertake any obligation to update or revise these forward-looking statements to reflect new information or events or circumstances that occur after the date of this press release or to reflect the occurrence of unanticipated events or otherwise.