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 https://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