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Surge's Oil, NGL Production Up 23% YOY; Talks Drilling Activity
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Surge Energy reported its 2017 results.
Highlights:- Surge’s average daily production increased by more than 22% in Q4 2017 to 15,675 boepd, as compared to an average of 12,842 boepd in Q4 2016;
Increased oil and NGL production over 23% from 10,336 barrels per day in Q4 2016 to 12,740 barrels per day in Q4 2017;- Increases drilling locations at Sparky Project: Surge’s two recent successful step out Sparky wells at Provost have significantly extended the Company’s large OOIP pool to the southwest. The Company now estimates that its operated Provost Sparky pool has more than 70 million of net internally estimated OOIP, and up to 37 net additional internally estimated Sparky drilling locations.
- Drills Shaunavon 'Step Out' Well: Surge’s exciting Upper Shaunavon “step-out” well, more…
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