Undertake low cost, low risk projects that support sustainability
Focus on high return strategic opportunities to maximize free cash flow and shareholder returns, and enhance liquidity
Continued focus on abandonment program to reduce corporate decommissioning liability
Surge offers exposure to two of the top five conventional oil growth plays in Canada: the Sparky & SE Saskatchewan. Each of these plays provides exceptional economics and a depth of drilling inventory.
Greater Sawn
Concentrated light oil asset with conventional Slave Point reefs.
Valhalla
Stacked pay multi-zone potential. Light oil (~40°API) with extensive area infrastructure and access to multiple egress options = attractive operating netbacks
Sparky
Light/medium crude oil production with compelling returns. Low on-stream costs with extensive drilling and waterflood inventory provides excellent long term sustainable growth potential.
Shaunavon
Producing low decline, medium gravity crude oil with high operating netbacks.
SE Sask
Highly focused, operated asset base with excellent light oil operating netbacks. Low-cost wells with short payouts. Potential for continued area consolidation.
Surge is very proud of the work we do and will continually strive to do business the right way and for the benefit of people, our environment, and our many diverse stakeholders.