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Surge Energy Inc
33 articles mentioning Surge Energy Inc · Page 1 of 2
Surge Energy Inc. First Quarter 2021 Results
Surge Energy Inc. reported its Q1 2021 results. Overview Pre-COVID-19, world oil demand was more than 100 million barrels per day; growing by approximately one million barrels per day each year. Without significant capital investment, world...
Surge Energy Ups 2021 Capex, Talks 2H21 Drilling Outlook
Surge Energy Inc. detailed its 2021 production exit guidance and preliminary 2022 capital and operating guidance. 2H 2021 Outlook, Expanded Plan The 2H/21 capital program involves drilling up to 23 gross (23.0 net) wells in four...
Surge Energy Details 1H21 Spending, Well Plan; Q4/Full Year 2020 Results
Surge Energy Inc. reported its Q4/full year 2020 results as well as its 2021-22 outlook. Outlook 2021/2022 1H/21 Plan In 1H/21, the Company is completing a $39 million development drilling capital program, adding estimated production of...
Surge Energy Details 2021 Budget, Talks ESG Initiatives
Surge Energy Inc. detailed its 2021 capital plan, as well as an update on Surge’s ongoing Environmental, Social and Governance program. 2021 Budget Surge’s focus in 2021 continues to be on disciplined capital allocation, with cash...
Surge Energy Suspends 2020 Capital Plan; Curtails Production
Surge Energy Inc. reported a strategy update for 2020 in response to the market instability caused by COVID-19 and and oil price decline. Suspends 2020 Capital Program The company has suspended its previously announced 2020 guidance...
Surge Energy Details Fourth Quarter 2019 Ops, Financial Results
Surge Energy Inc. reported its financial and operating results for the quarter and year ended December 31, 2019. 2019 Financial & Reserve Highlights Average daily production increased by 17 percent in 2019 to 21,175 boepd, from...
Surge to Cut Spending, Production in 2020; Touts Latest Montney Drilling
Surge Energy has detailed its 2020 capital plans. They are planning decreases across the board, including a 5% decline in production. 2020 Summary The company also noted it plans to drill 56 wells in 2020, primarily...
Surge Energy Reports Q3 2019 Results
Surge Energy Inc. reported its Q3 2019 results. Shareholder Message Surge's large original oil in place ("OOIPi"), light and medium gravity crude oil asset base continues to outperform management's expectations. Surge's Q3/19 average production rate of...
Surge Reports Second Quarter 2019 Results
Surge Energy is pleased to announce its financial and operating results for the quarter ended June 30, 2019. Q2/19 was an excellent quarter for Surge. Production and adjusted funds flow1 came in higher than analyst estimates2;...
Surge Energy Reports Q2 Results; Successful Drilling Ups Oil Output
Surge Energy Inc. reported its Q2 2019 results. Production of 21,544 boepd in Q2/19 averaged more than Surge's 2019 exit rate guidance of 21,500 boepd, which represents an increase of 26 percent over Q2/18 at 17,072...
Surge Energy Talks Q1 Results, Operations
Surge Energy Inc. reported its Q1 2019 results. Q1 2019 Highlights Surge's Q1/19 quarterly average production of 21,630 boepd (84% liquids) increased by 35 percent over Q1/18 average production of 16,027 boepd (81% liquids). Cash flow...
Company Drills Longest Permian Lateral Ever at Over 17,900' (~3.4 Miles)
Moss Creek Resources Holdings Inc., a wholly owned subsidiary of Surge Energy US Holdings Company, has reportedly drilled the longest known lateral in the Permian Basin. According to the Texas Railroad Commission, the well is located...
Surge Energy Cuts Planned 2019 Spending by $25MM; Eyes 20% Output Growth
Surge Energy Inc. detailed its 2019 capital plans. Details: - 2019 Capex: $135 million (down -16% from $160 million originally planned) Surge’s 2H 2019 capital spending forecast has further flexibility to be increased by an additional...
Surge IDs Q2 Output of 17.1 MBOEPD; Up +13% YOY
Surge Energy reported its Q2 2018 results. Based on excellent development drilling results in all three of Surge's core areas, together with successful waterflood results at Shaunavon and Eyehill, the Company's Q2/18 production significantly exceeded management's...
Surge Energy Adds Midstream Exec, Finance Pro to Board
Surge Energy has appointed Marion Burnyeat and Allison Maher to the Board of Directors. About Burnyeat: Ms. Burnyeat is an experienced businesswoman having spent nearly thirty years in the energy sector primarily with Spectra Energy Corporation...
Surge's Oil, NGL Production Up 23% YOY; Talks Drilling Activity
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...
Canadian E&P Spending 54% More in 2017; $85 Million
The company has approved an upward revision to the Company's previously announced 2017 preliminary production guidance.
Surge Cuts Debt in 1Q via Asset Sales, Production Shut-In
Surge Energy Inc. reported its operating and financial results for the quarter ended March 31, 2016 .
Surge Reaffirms Guidance on $60MM Liquidity Gain
Having created an additional $60 million of liquidity for the Company, Surge Energy Inc. management reaffirm the Company's 2016 capital spending plan.
Surge Touts 2015 Delineation Ops as Well Results Improve
Delineated a large northern extension at Valhalla which resulted in the top three oil wells in Alberta for both cumulative production, and initial 90 day average rates, in 2015.