Published by Todd Bush on August 17, 2023
HOUSTON, Aug. 17, 2023 /PRNewswire/ -- Surge Energy US Holdings Company ("Surge" or the "Company") announces jointly with NexTier Oilfield Solutions ("NexTier") record-breaking completion efficiency in the second quarter as well as emissions reductions.
>> Additional Reading: NexTier and Seneca Resources Enter Agreement for Electric Powered Emerald™ fracturing system in Appalachian Basin
Surge has utilized a NexTier completion crew as the Company's dedicated crew since the fourth quarter of 2022. In the second quarter of 2023, the NexTier crew set a Surge quarterly company record for the highest completed lateral feet per day at 2,733. For the year the Company has achieved over 2,650 lateral feet per day average. This efficiency results in reduced cycle times that accelerate wells online as well as substantial cost savings.
"Surge has a culture that places high standards on safety, excellence, and teamwork which we also expect from our service providers," stated Kade McCollough, Surge's Manager of Production and Completions Engineering. "NexTier has embraced this culture which is evident through this efficiency record. We look forward to continued success through this relationship with NexTier in the future."
NexTier's strategy of providing industry-leading natural gas-powered frac fleets enables lower cost of fueling and lower emissions through significantly reduced diesel usage and subsequent emissions. This, along with Surge's extensive use of recycled produced water for completions operations which started in 2017 and recently surpassed 5 billion gallons of fresh water conserved is a testament to Surge's dedication to our ESG principles and goals.
"Our commitment to choosing the right partner with the right equipment and our continued focus on preserving fresh water and reducing emissions is something we are very proud of here at Surge," stated Chris Alonzo, Senior Vice President, Development and Operations.
Robert Drummond, President and Chief Executive Officer of NexTier, affirmed, "We are immensely proud to be Surge Energy's provider of choice, and this record-breaking accomplishment serves as a testament to our joint commitment of elevating completions efficiency while also reducing emissions. As NexTier, we are driven by the mutually aligned goals of innovation and sustainability, and we eagerly anticipate our continued collaboration with Surge Energy in advancing industry boundaries."
Headquartered in Houston, Texas, NexTier is an industry-leading U.S. land oilfield service company, with a diverse set of well completion and production services across active and demanding basins. Our integrated solutions approach delivers efficiency today, and our ongoing commitment to innovation helps our customers better address what is coming next. NexTier is differentiated through four points of distinction, including safety performance, efficiency, partnership and innovation. At NexTier, we believe in living our core values from the basin to the boardroom, and helping customers win by safely unlocking affordable, reliable and plentiful sources of energy.
>> In Company Spotlight: Nextier Oilfield Solutions Inc
Surge Energy is an independent oil and natural gas company focused on the development, exploitation, production, and acquisition of oil and natural gas reserves in the Midland Basin of West Texas, one of three primary sub-basins of the Permian Basin. The Company is headquartered in Houston, Texas, and currently holds approximately 161,000 net acres in the Permian Basin as of year-end 2022. For more information, visit our website at www.SurgeEnergyA.com.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside the Issue 🌎 Global Leaders Converge in Edmonton September 23-25 for Carbon Capture Canada as Federal Government Expected to Boost Industrial Carbon Pricing in Fall 2025 ✈️ Delta Partners Wi...
Inside This Issue 📉 EPA Releases Proposal to End the Burdensome, Costly Greenhouse Gas Reporting Program, Saving up to $2.4 Billion 📊 California to Extend Cap-and-trade Program Aimed at Advancing ...
Inside this Issue ✈️ CORSIA Transforms Aviation Compliance Into Market Gold Rush 📉 IEA Cuts 2030 Low-emissions Hydrogen Production Outlook by Nearly a Quarter 🎤 GenH2 Executive Chairman Josh McMor...
More than 5,000 attendees are expected at Canada’s national Carbon Capture, Utilization and Storage (CCUS) convention to address industry opportunities in the sector from geopolitical advantage to ...
1PointFive and NYK Announce Carbon Removal Agreement
Second NYK transaction continues to build momentum for Direct Air Capture as a solution for the maritime sector HOUSTON, Sept. 17, 2025 (GLOBE NEWSWIRE) -- 1PointFive, a carbon capture, utilizatio...
Led by cornerstone investors Alaska Airlines, American Airlines, with International Airlines Group (IAG), Cathay Pacific, and Japan Airlines from oneworld alliance, and Singapore Airlines as part o...
Eaton to Showcase Technologies for Hydrogen-Powered Commercial Vehicles at IAA Transportation 2024
HANOVER, Germany--(BUSINESS WIRE)--Intelligent power management company Eaton announced it will showcase a broad range of innovative solutions for hydrogen-powered commercial vehicles September 17–...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.