Energy Efficiency, GHG Emissions, Industrial  -  October 2, 2023

Surge Energy US Lowers Emissions

Surge Energy US Holdings Company continued utilization of dual fuel completion fleets, which led to a reduction in GHG emissions of approximately 14,000 MT CO2e in 2021 and 2022.

The oil and gas company also commissioned the company's second electrical substation, the Phoenix Substation, which drove the removal of 25 portable well-site generators and is expected to reduce Surge's emissions by 85,000 MT CO2e in 2023.

Surge Energy increased a portion of variable compensation linked to ESG performance to 45% for all employees. These details and more were announced in the company's 2023 Corporate Sustainability Report. The report provides disclosures in line with the recommendations of the Sustainability Accounting Standards Board (SASB) for the oil and gas – exploration and production industry.

"We are committed to being a responsible operator and this report provides stakeholders with key information about the challenges we face and our progress in tackling them," said Surge's CEO Linhua Guan in a statement. "We continue to make significant investments in initiatives to improve our environmental performance, in our people to improve our safety, and throughout the company to remain competitive in the market. In 2022, we also revised our corporate mission statement to further embed sustainability into our operations."

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