Archives: News

Surge Energy America Completes Midland Basin Acquisition

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

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Surge Energy America Announces Inaugural Sustainability Report and Commitment to ESG

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

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Surge Energy America Announces Significant Midland Basin Acquisition

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

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Surge Energy America Announces Reaffirmation of Borrowing Base

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

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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

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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

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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

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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

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