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Surge Energy's Ten-Year Journey: Shaping the Future of the Texas Energy Landscape

Surge Energy US Holdings Company has commemorated its tenth anniversary, reflecting on the substantial contributions made to the energy sector and the state of Texas since its inception in May 2015. Over the last decade, Surge Energy has become a vital player in the oil and natural gas industry, driving economic benefits and promoting sustainable practices throughout the region.

Economic Contribution

Since the company was founded, it has injected more than $11 billion into the Texas economy. This impressive figure includes cumulative revenues from oil and gas production, payments related to royalties, and taxes on production. Such financial input not only showcases the company's scale but also supports various sectors and jobs across the state.

As of now, Surge Energy is responsible for employing around 1,000 Texans, both directly and indirectly through collaborations with service providers, partners, and vendors. This job creation has a ripple effect, further enhancing the local economy and providing stable employment opportunities for many families in the region.

Production Milestones

During its ten years of operation, Surge Energy has successfully produced over 200 million gross operated barrels of oil equivalent. This impressive achievement has been made possible by significant capital investments totaling more than $6 billion, which have facilitated acquisitions and continuous development activities.

Commitment to Sustainability

A notable aspect of Surge Energy's operations is its commitment to environmental conservation. The company has pioneered initiatives aimed at recycling produced water for various completion operations since 2017. This practice not only helps conserve fresh water resources but also significantly reduces operational expenses.

With the commissioning of its fourth recycling facility in July 2022, Surge Energy has ensured that all completion activities within its core Moss Creek acreage have utilized recycled produced water. To date, the company has conserved an astounding 6.8 billion gallons of fresh water through this initiative.

Moreover, Surge Energy has made strides in eliminating harmful emissions, prioritizing innovation and operational excellence. In the pursuit of creating an environmentally friendly operational framework, the company has invested in infrastructure that lessens emissions.

This includes the implementation of water infrastructure that reduces the necessity of water hauling truck trips and electrical infrastructure that connects wells to grid power, effectively minimizing diesel generator reliance. The deployment of dual fuel completion equipment, which employs compressed natural gas (CNG) instead of diesel, has further reduced carbon emissions. As a result, Surge Energy has successfully eliminated 418 thousand metric tons of CO2 equivalent emissions.

Leadership Insights

Linhua Guan, the Chief Executive Officer of Surge Energy, expressed pride in the company’s significant impact on the energy sector in Texas. He attributed these achievements to the dedication and hard work of Surge's employees and reaffirmed the company’s commitment to continued growth while upholding responsible practices.

Looking Ahead

As Surge Energy celebrates this milestone, it is not merely reflecting on past accomplishments but is also looking forward. The firm aims to maintain its trajectory of growth while ensuring that its operations remain sustainable, efficient, and beneficial to the community.

In conclusion, Surge Energy's ten-year journey underscores its influential role in the Texas energy landscape, emphasizing innovation, sustainability, and economic contribution. As the company continues to expand its reach and operations, it stands as a testament to how impactful the energy sector can be within a local economy and beyond.

For more information about Surge Energy and its operations, visit www.SurgeEnergyA.com.