Surge Energy Inc.

Surge Energy Inc. is pleased to announce the Company's financial and operating results for the quarter ended March 31, 2024, an update on Surge's latest drilling results, an increase to Surge's first lien revolving credit facilities, and the release of the Company's 2023 sustainability report. Select financial and operating information is outlined below and should be read in conjunction with the Company's unaudited [...]

Surge Energy Inc. confirms that a cash dividend to be paid on May 15, 2024, in respect of April 2024 production, for the shareholders of record on April 30, 2024, will be $0.04 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act . Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company's defined [...]

Surge Energy Inc. confirms that a cash dividend to be paid on April 15, 2024, in respect of March 2024 production, for the shareholders of record on March 31, 2024, will be $0.04 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act . Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company's defined [...]

Surge Energy Inc. is pleased to announce its financial and operating results for the quarter and year ended December 31, 2023; and its year end 2023 reserves as independently evaluated by Sproule Associates Limited . Surge's disciplined operating strategy involves focusing growth and development capital to high netback, low cost, light and medium gravity crude oil reservoirs, that possess large original oil in place 1 and [...]

Surge Energy Inc. confirms that a cash dividend to be paid on March 15, 2024, in respect of February 2024 production, for the shareholders of record on February 29, 2024, will be $0.04 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act . Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company's defined [...]

Surge Energy Inc. confirms that a cash dividend to be paid on February 15, 2024, in respect of January 2024 production, for the shareholders of record on January 31, 2024, will be $0.04 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act . Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company's [...]

Surge Energy US Holdings Company announces both the Company's two outstanding issuances of Senior Notes significantly outperformed the High Yield Bond Market for the third consecutive year from 2021 through 2023. The Company's two bond issuances, Senior Notes due 2026 and Senior Notes due 2027 delivered total returns of approximately 18% and 19% respectively in 2023. These returns outperformed the ICE BofA US High Yield [...]

Surge Energy Inc. confirms that a cash dividend to be paid on January 15, 2024, in respect of December 2023 production, for the shareholders of record on December 31, 2023, will be $0.04 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act . Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company's [...]

Surge Energy Inc. is pleased to announce its 2024 capital and operating budget as approved by the Company's Board of Directors, the release of the Company's third annual sustainability report, as well as the appointment of two Vice Presidents. 2024 Surge's focus in 2024 will continue to be on disciplined capital allocation, with cash flow strategically allocated between high rate of return capital projects, net debt1 [...]

Surge Energy US Holdings Company announces it has eliminated approximately 365 thousand metric tons of CO2e through operational excellence, innovation, and investments in emissions-eliminating infrastructure and operations such as water infrastructure, electrical infrastructure, and the use of dual fuel completions operations. These emissions-eliminating infrastructure and operational practices include: Investment in two [...]