Archives: News

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

Surge Energy US Holdings Company (“Surge Energy” or the “Company”) today announced that it was listed in the Houston Chronicle’s Top 100 Private Companies headquartered in Houston, TX as published on June 19, 2022, and moving of the Houston Corporate Offices currently planned for early 2023. Surge Energy Ranked 20th for the second consecutive year

Surge Energy US Holdings Company (“Surge Energy” or the “Company”) announces Fitch Ratings (“Fitch”) has assigned a first-time ‘B’ Long-Term Issuer Default Rating (IDR) with a stable rating outlook to Moss Creek Resources Holdings, Inc. and Moss Creek Resources, LLC, subsidiaries of Surge Energy. “We believe this rating initiation by Fitch demonstrates the quality of

Surge Energy US Holdings Company (“Surge” or the “Company”) announces it entered into an agreement with Gravity Water Midstream, LLC (“Gravity”) to install a produced water recycling facility in Howard County, Texas. Surge initially began utilizing recycled produced water for completion operations in 2017. This practice both conserves fresh water and reduces operating expenses. This

Surge Energy US Holdings Company (“Surge Energy” or the “Company”) announces upgraded credit ratings from Moody’s Investors Service (“Moody’s”) to Moss Creek Resources Holdings, Inc. (“Moss Creek”), a subsidiary of Surge Energy and issuer of the Company’s Senior Unsecured Notes (“Senior Notes”). As announced by Moody’s, the Corporate Family Rating was upgraded to B2 from

Surge Energy US Holdings Company (“Surge Energy” or the “Company”) announces an increased borrowing base from $1.2 billion to $1.5 billion and elected commitments from $860 million to $935 million on the Company’s revolving credit facility (“Credit Facility”). The increases are in connection with the Credit Facility’s regularly scheduled semi-annual redetermination that recently closed. As

Surge Energy US Holdings Company (“Surge Energy” or the “Company”) announces the Company achieved record low flare gas performance in 2021 and continued industry leadership in water management. In 2021, the Company reduced its total flared gas percentage by approximately 60% compared to 2020. Flared gas percentage is the gross operated flared gas volumes as

Surge Energy US Holdings Company (“Surge Energy” or the “Company”) today announced that it will be presenting and hosting one-on-one meetings at the J.P. Morgan Global High Yield & Leveraged Finance Conference in Miami Beach, FL from February 28 to March 2. Chief Executive Officer, Linhua Guan, Chief Financial Officer, James Welch, and Vice President

October 4, 2021 – Surge Energy US Holdings Company (“Surge Energy” or the “Company”) announces the completion of an amendment to the existing amended and restated revolving credit facility that, among other things, increases the elected commitments to $860 million and extends the maturity of the facility from April 2023 to October 2025. The amendment