Surge Energy America Announces Significant Midland Basin Acquisition

Surge Energy America Announces Significant Midland Basin Acquisition
News provided by
Share this article
Share this article
HOUSTON, Jan. 31, 2021 /PRNewswire/ -- Surge Energy US Holdings Company ("Surge Energy" or the "Company") announced in the US that it, through its subsidiary, has signed a purchase and sale agreement to acquire leasehold interest and producing wells from Grenadier Energy Partners II LLC ("GEP II") in Howard County, TX (the "Transaction").  The aggregate purchase price of the Transaction is expected to be approximately $420 million USD.
Highlights of the acquired assets include:
Average production of approximately 9,000 Boepd (approximately 75% oil)
Approximately 18,010 net leasehold acres
Operated inventory of approximately 120 high-quality, economic future drilling locations

Related Keywords

Houston ,Texas ,United States ,Howard County ,Linhua Guan ,Surge Energy Us Holdings Company ,Grenadier Energy Partners ,Thompson Knight ,Vinson Elkins ,Surge Energy ,Chief Executive Officer ,Midland Basin ,West Texas ,ஹூஸ்டன் ,டெக்சாஸ் ,ஒன்றுபட்டது மாநிலங்களில் ,ஹோவர்ட் கவுண்டி ,எழுச்சி ஆற்றல் எங்களுக்கு ஹோல்டிங்ஸ் நிறுவனம் ,கிரெனேடியர் ஆற்றல் கூட்டாளர்கள் ,தாம்சன் நைட் ,வின்சன் எல்கின்ஸ் ,எழுச்சி ஆற்றல் ,தலைமை நிர்வாகி அதிகாரி ,மிட்லாண்ட் பேசின் ,மேற்கு டெக்சாஸ் ,