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 the Houston Business Journal’s September 23rd edition.
Surge Energy’s consideration for the award was based on a recent initiative by the Company to
train and equip individuals working in the oilfield with the proper tools to regularly test the wall
thickness of vessels and equipment to improve our spill performance. This innovative solution
enhances Surge’s protection of its employees and the surrounding environment from potential
impacts of equipment corrosion, which can include leaks, spills, and the potential release of
hydrocarbons.
Surge is committed to protecting the environment and minimizing our operational impact by
preventing spills. Our management processes and preventative maintenance continue to
improve safeguards in these areas to drive future performance. Our corrosion leak rate (time
between leaks) was improved from 445 days in 2020 to 1,420 days per facility in 2021.
Surge Energy was previously recognized in the Houston Business Journal’s 2019 and 2021
Innovation Awards and is proud to make the list for the third time in four years.
“Surge proudly celebrates the initiative and innovation of its employees, especially when it
results in increased safety of our people and protection of the environment,” stated Chief
Executive Officer Linhua Guan. “We are honored to be recognized by the Houston Business
Journal’s 2022 Innovation Award based on these merits.”
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. The Company is
headquartered in Houston, Texas, and currently holds approximately 114,000 net acres in the
Permian Basin. For more information, visit our website at www.SurgeEnergyA.com.
Contact Information
Travis Guidry
Vice President of Corporate Development & Investor Relations
Email: TGuidry@surgeenergya.com
Phone: 832-333-2339
Investor Relations
Email: InvestorRelations@surgeenergya.com
Phone: 832-333-2400