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Surge Energy America

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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.