Surge Energy, NexTier Oilfield Solutions achieve “record-breaking” completion efficiency, emissions reductions

(WO) – Surge Energy US Holdings Company ("Surge" or the "Company") announced jointly with NexTier Oilfield Solutions record-breaking completion efficiency in the second quarter as well as emissions reductions.

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.

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 the company's ESG principles and goals.

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.”