Germany surge energy inc alberta

What is surge energy?

As of Dec 4, 2024. Values delayed up to 15 minutes Surge Energy Inc. is a Canada-based oil focused exploration and production (E&P) company. The Company's business consists of the exploration, development and production of oil and gas from properties in Western Canada.

Does surge have a high quality crude oil asset base?

Surge will continue its disciplined development of the Company’s high quality, low cost, conventional crude oil asset base, including Surge’s premier Sparky play in Alberta, as well as its high operating netback, light oil assets in SE Saskatchewan.

What is Alberta Oil & Gas Company?

The Company's business consists of the exploration, development and production of oil and gas from properties in Western Canada. It holds focused and operated light and medium gravity crude oil properties in Alberta, Saskatchewan and Manitoba, characterized by large oil in place crude oil reservoirs with low recovery factors.

How much oil does surge produce?

The Assets are currently producing more than 3,850 boepd (99 percent liquids) of predominantly light and medium gravity crude oil, with synergistic operations entirely focused in Surge’s existing Sparky and SE Saskatchewan core areas.

How much oil will surge produce in 2022?

After giving effect to the Acquisition, Surge is now forecasting upwardly revised exit 2022 production of more than 25,000 boepd, consisting of approximately 87 percent liquids, which is made up of predominantly light and medium gravity crude oil. ASSET & ACQUISITION HIGHLIGHTS

What makes surge a great growth area?

Surge’s operational track record of execution in SE Saskatchewan, combined with its proven in-house technical expertise, make this an exciting growth area for the Company. The Acquisition adds approximately 1,950 bopd in SE Saskatchewan of 11 percent decline, light oil production that enhances our area sustainability.