Surge Energy Lines Up Northern Midland Basin Acquisition

摘要

CHINESE-BACKED SURGE Energy US Holdings Co. will pay about $420 million for a"significant Midland Basin acquisition"from Grenadier Energy Partners II LLC,the company said Jan. 31. The acquisition from private equity-backed Grenadier will add leasehold interest and producing wells in Howard County,Texas,where Surge Energy's position in the northern Midland Basin is partly located. Based in Houston,Surge Energy currently holds approximately 93，000 net acres in the Permian Basin. Surge Energy plans to acquire some 18，010 net acres in Howard County,including an operated inventory of"120 high-quality，"economic future,drilling locations and average pro-duction of about 9，000 boe/d,roughly 75% of which is oil,the company said.