Archives: News

February 16, 2023 – Surge Energy US Holdings Company (“Surge Energy” or the “Company”) announces it has recently added incremental acreage to the Company’s portfolio. Additionally, earlier this month the company finalized the previously announced move of its corporate office. In 2022 and early 2023 the Company closed several bolt-on acreage transactions that totaled approximately

January 17, 2023 – Surge Energy US Holdings Company (“Surge Energy” or the “Company”) announces it has conserved over 100 million barrels, or 4.2 billion gallons, from the inception of using recycled produced water for completion operations in 2017. The practice of using recycled produced water for completion operations both conserves fresh water and reduces

January 4, 2023 – Surge Energy US Holdings Company (“Surge Energy” or the “Company”) announces it has commissioned the Phoenix electrical substation, the Company’s second electrical substation.  The company’s first electrical substation, the Dragon substation was commissioned in January 2020. This reduced the need for over forty well-site generators which significantly reduced both costs and

November 30, 2022 – Surge Energy US Holdings Company (“Surge Energy” or the “Company”) announces it has surpassed $7 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 milestone was achieved in November 2022 as

October 25, 2022 – Surge Energy US Holdings Company (“Surge Energy” or the “Company”) announces a full repayment in October of the Company’s revolving credit facility (“Credit Facility”). The primary usage of the outstanding debt on the Credit Facility was for two acquisitions in 2021 that resulted in increased acreage of approximately 22,000 acres, added

October 18, 2022 – Surge Energy US Holdings Company (“Surge” or the “Company”) today announced the release of the Company’s 2022 Corporate Sustainability Report. This report is the Company’s third annual report, and its first report made publicly available to all stakeholders, which provides a comprehensive overview of Surge’s sustainability performance in 2021 as well

October 6, 2022 — Surge Energy US Holdings Company (“Surge Energy” or the “Company”) announces the Company has been recently recognized as an honoree for the Houston Business Journal’s 2022 Innovation Awards. The honorees for this award was announced by Houston Business Journal on August 3, 2022 and is featured in a special section of

October 3, 2022 – Surge Energy US Holdings Company (“Surge Energy” or the “Company”) announces an increased borrowing base from $1.5 billion to $1.75 billion on the Company’s revolving credit facility (“Credit Facility”). The increase is in connection with the Credit Facility’s regularly scheduled semi-annual redetermination that recently closed. Elected commitments remained unchanged at $935

August 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.

July 18, 2022 — Surge Energy US Holdings Company (“Surge Energy” or the “Company”) company announced investments in philanthropic initiatives in the Texas Permian Basin. In the second quarter, the company supported various charitable organizations, including the American Cancer Society-Midland, the Big Spring Rodeo, and Basin Burnout, a Permian Basin-based veteran’s organization. “We are proud