SURGE ENERGY COMPLETED LONGEST KNOWN LATERAL IN PERMIAN BASIN

July 18, 2019

Surge Energy US Holdings Company announced that its wholly owned subsidiary, Moss Creek Resources Holdings, Inc., has successfully completed the longest known lateral in the Permian Basin.
The Medusa Unit C 28-09 3AH was safely and successfully completed and drilled out to total depth. As previously announced, this well is the longest known lateral in the Permian Basin with a total horizontal displacement of 17,935 feet (or 3.4 miles). The completion consisted of 52 frac stages utilizing TTS SlicFrac diverter technology to place 2,200 lbs of proppant per lateral foot.
This technological accomplishment was executed with service providers Universal Pressure Pumping for pumping services and GR Energy Services for wireline.
Initial production from this well is expected by the end of the third quarter.
“The successful drilling and completion of the longest known lateral in the Permian Basin demonstrates the strong culture of innovation at Surge Energy,” stated CEO Linhua Guan. “We are extremely proud of our technical and operations teams in this record setting achievement.”
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. Surge Energy is headquartered in Houston, Texas and currently holds approximately 85,000 net acres in the Permian Basin.
Surge Energy operates in two oil fields in Texas, both in the northern Midland Basin. Hoople, a waterflood asset in Crosby County, was acquired in April 2015. Moss Creek, located in Borden and Howard counties, was acquired in November 2015 and has grown to 300+ producing wells with Surge Energy’s active drilling program.
(Source: Surge Energy)