Surge Energy Inc.

Surge Energy US Holdings Company announces a full repayment in October of the Company's revolving credit facility . The primary usage of the outstanding debt on the Credit Facility was for two acquisitions in 2021 that resulted in increased acreage of approximately 22,000 acres, added over 100 drilling locations, added cash flow generating production, and increased the Company's scope and scale. The total acquisition [...]

Surge Energy US Holdings Company today announced the release of the Company's 2022 Corporate Sustainability Report. This report is the Company's third annual report, and its first report made publicly available to all stakeholders, which provides a comprehensive overview of Surge's sustainability performance in 2021 as well as significant progress made on relevant environmental, social, and governance initiatives. "I am [...]

Surge Energy Inc. confirms that a cash dividend to be paid on November 15, 2022, in respect of October 2022 production, for the shareholders of record on October 31, 2022 will be $0.035 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 the Company has been recently recognized as an honoree for the Houston Business Journal's 2022 Innovation Awards. The list of 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 [...]

Surge Energy US Holdings Company announces an increased borrowing base from $1.5 billion to $1.75 billion on the Company's revolving credit facility . The increase is in connection with the Credit Facility's regularly scheduled semi-annual redetermination that recently closed. Elected commitments remained unchanged at $935 million. "Surge appreciates the continued support from our bank group," stated Chief Financial [...]

Surge Energy Inc. is pleased to announce that it is issuing a notice of redemption to holders of its currently outstanding $44,500,000 5.75% Convertible Unsecured Subordinated Debentures due December 31, 2022 . The Debentures are not subject to a pre-payment penalty. As set out in the notice of redemption, Surge will redeem, as of October 28, 2022 , all of the aggregate principal amount of the Debentures for cash. On the [...]

Surge Energy Inc. confirms that a cash dividend to be paid on October 17, 2022, in respect of September 2022 production, for the shareholders of record on September 30, 2022 will be $0.035 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. confirms that a cash dividend to be paid on September 15, 2022, in respect of August 2022 production, for the shareholders of record on August 31, 2022 will be $0.035 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 US Holdings 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 entered into an agreement to install a produced water recycling facility in Howard County, Texas. This facility was commissioned in July 2022 and enables Surge to recycle produced water for completions in the [...]

Lunch Keynote Presentations Feature BPX Energy, Vivek Ramaswamy with Strive Wealth Management and Petrie Partners Panels include discussions on Capital Allocation, Responsibly Sourced Gas, Private Capital, Carbon Capture, Renewable Natural Gas, ESG, Private Companies and Commodity Market Outlook EnerCom, Inc. announced today that the EnerCom Denver investment conference will feature management team presentations, breakout [...]