Operations
Key Canadian Growth Plays
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
Greater Sawn
Concentrated light oil asset with conventional Slave Point reefs.
Valhalla
Valhalla
Stacked pay multi-zone potential. Light oil (~40°API) with extensive area infrastructure and access to multiple egress options = attractive operating netbacks
Sparky
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.
SE Sask
SE Sask
Highly focused, operated asset base with excellent light oil operating netbacks. Low-cost wells with short payouts. Potential for continued area consolidation.
Sparky
A One-of-a-Kind Position
Surge holds a dominant land position and has drilled >55% of all horizontal multi-frac wells in the light/medium window of the Sparky.
- Large, well established oil producing formation in Western Canada
- Increasing market focus with operators implementing multi-leg horizontal in areas of higher oil viscosity; being compared to the Clearwater
- Per well economics with quick payouts and excellent rates
- Conventional sandstones support top tier capital efficiencies
- Shallow depth (700-900m)
- Low geological risk due to 3D seismic and thousands of vertical penetrations
SE Saskatchewan
Leveraging Past Success
Surge’s operational track record of success in SE Saskatchewan make this an exciting growth area.
- Organic growth opportunities plus strategic acquisitions or tuck-in consolidation
- Cost-efficient drilling
- Extremely quick turnaround from spud to on production
- High operating netback light oil production and reserves
- Assets have low liabilities; minimal inactive ARO
- Year-round access
