Company Research Report: Surge Energy
Company Overview
Name
Surge Energy
Mission
To provide energy through safe, responsible practices that help people live better lives.
Vision
Be a sustainable energy producer committed to safety, our people, the environment, and the communities in which we operate.
When was the company founded and by whom
Founded in 2015
Founders information: No information is available
Key People in the Company
- Linhua Guan - Chief Executive Officer
- James Welch - Chief Financial Officer
- Chris Alonzo - Senior Vice President, Development and Operations
- Travis Guidry - Vice President, Corporate Development & Investor Relations
- Jessica Conway - Vice President & Controller
- Glenn Harper - Vice President, Health, Safety, Environmental & Regulatory
- Les Kelso - Vice President, Supply Chain
- Nisha Oza - Senior Director, Human Resources
- Page Schwertner - Senior Executive Advisor & Office Services Manager
- Curtis Smith - Senior Director, Information Delivery Services
- Jason Staller - Head Counsel & Land Director
Headquarters
11330 Clay Rd, Suite 200, Houston, TX 77041
Number of Employees
Nearly 200
Revenue
No information is available
What is the company known for
Focused on the acquisition and development of onshore oil and gas properties in the United States, primarily in the Texas Permian Basin.
Products
What Products do They Offer
Oil and Gas Production
High level description: Surge Energy focuses on developing and acquiring oil and natural gas reserves.
Key Features:
- Operations in the Permian Basin: Extensive acreage in Moss Creek and Hoople fields.
- Advanced Production Techniques: Utilizes recycled produced water for fracking, minimizing environmental impacts.
- High Yield Bonds: Two senior notes outperform the market.
Recent Developments
August 27, 2024
Moss Creek Resources Holdings, Inc., a wholly-owned subsidiary of Surge Energy US Holdings Company, redeemed all outstanding principal of its 7.5% senior unsecured notes due 2026 and its 10.5% senior unsecured notes due 2027. This resulted in debt reduction from approximately $999 million to $750 million and estimated annual interest savings of $25 million.
August 16, 2024
Completion of a $750.0 million offering of senior notes due 2031 at 8.25%. This offering is part of the refinancing strategy to save on interest expenses by redeeming older senior notes.
January 3, 2024
Surge Energy's two bond issuances, Senior Notes due 2026 and 2027, significantly outperformed the High Yield Index for the third consecutive year.
November 27, 2023
Surge Energy announced it eliminated approximately 365 thousand metric tons of CO2e emissions.
September 28, 2023
Release of the 2023 Corporate Sustainability Report, highlighting the company’s commitment to sustainable and responsible operations.
September 20, 2023
Surpassed $8 billion in contributions to the Texas economy.
New Products and Features
No new products were mentioned.
New Partnerships
No information available on new partnerships.
Contact Information
- Address: 11330 Clay Rd, Suite 200, Houston, TX 77041
- Corporate Office: (832) 333-2300
- Owner Relations: (832) 333-2350
- Investor Relations: (832) 333-2400
- Emergency Contact: (806) 495-1207
Terms and Policies
No information available on terms and policies.