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Surge Energy US Holdings Company

Company Summary

Description

Surge Energy is a production company focused on the acquisition and development of onshore oil and gas properties in the United States. Surge Energy is headquartered in Houston, Texas and currently holds approximately 110,000 net acres in the Permian Basin. In April 2015, Surge Energy commenced operations with the acquisition of an established, long-life waterflood asset in the Clearfork formation in Crosby County, Texas. In November 2015, Surge Energy completed a second acquisition of approximately 80,000 net acres in the highly prolific Northern Midland Basin in Howard and Borden Counties. Surge Energy’s premier acreage position offsets several recent acquisitions and includes over 1,500 drilling locations in the Wolfcamp and Spraberry formations.

Website

http://www.surgeenergya.com/

Operational Regions

  • Permian Basin

Related Entities

Recent news

  • 5/25/2022 - Surge Energy Enters into... (subscriber access)
  • 4/21/2022 - Surge Energy Announces... (subscriber access)
  • 10/5/2021 - Surge Energy US... (subscriber access)
  • 8/12/2021 - Surge Energy Acquires... (subscriber access)
  • 6/28/2021 - Surge Energy Partners w/... (subscriber access)

Company Transactions

Date: 4/5/2021
Type: Acquisition

DETAILS:

COST: 420 $MM

VOLUMES: 9 MBOE/d

ACRES: 18010 Acres

NOTES:
Surge Energy has closed on the acquisition of leasehold interest and producing wells in the Midland Basin from Grenadier Energy Partners II LLC for $420 million. The assets are focused around Howard County, Texas.
REGIONS:
  • Midland Basin