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Surge Energy Inc.

Energy (Oil and Gas) ~260 employees
Founded
--
Employees (Est.)
~260
13 leaders known
Total Funding
$392.0M
Funding Rounds
3
Last Funding
2024-09-05

About Surge Energy Inc.

Surge Energy Inc. is an oil-focused exploration and production (E&P) company with a high-quality crude oil reserve, production, and cash flow base. The company aims to drive free cash flow through its premier oil assets.

Products & Services

Greater Sawn:Concentrated light oil asset with conventional Slave Point reefs.
Sparky:Light/medium crude oil production with compelling returns, low on-stream costs, and extensive drilling and waterflood inventory for long-term sustainable growth.
SE Saskatchewan:Highly focused, operated asset base with excellent light oil operating netbacks, low-cost wells, short payouts, and potential for area consolidation.

Specialties

Conventional Oil Production Light and Medium Crude Oil Drilling and Waterflood Inventory Management Operational Efficiency in Oil Assets

Funding History

Debug: View Raw Funding Data
# Type Amount Fields Date Fields Investors
1 RT: Debt
T: -
FT: Debt 		A: 175000000
MR: -
FA: $175 million
FAN: 175000000 		D: 2024-09-05
FD: 2024-09-05 		3 investors
2 RT: Debt
T: -
FT: Debt 		A: 175000000
MR: -
FA: C$175 million
FAN: 175000000 		D: 2024-08-21
FD: 2024-08-21 		3 investors
3 RT: Convertible Debenture
T: -
FT: Convertible Debenture 		A: 42000000
MR: -
FA: 42 million
FAN: 42000000 		D: 2023-09-28
FD: 2023-09-28 		1 investors
Debt Latest
2024-09-05
$175.0M
3 investors (Pro only)
Debt 2024-08-21
$175.0M
Convertible Debenture 2023-09-28
$42.0M

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Growth Metrics

+45%
Employee Growth
YoY
3.2x
Funding Growth
Last Round
12
Markets
Operating
10K+
Customers
Active

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Team & Leadership

P

Paul Colborne

President & CEO

J

James Pasieka

Chairman

M

Marion Burnyeat

Independent Director

D

Daryl H. Gilbert

Independent Director

M

Michelle Gramatke

Independent Director

R

Robert Leach

Independent Director

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Recent News

Surge Energy Inc. Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Read more →

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

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Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

Read more →

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Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised

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Company Details

Industries
Energy (Oil and Gas)
Company Size
~260 employees (est.)

Technology Stack

Discover the backend, frontend, and infrastructure technologies powering this company's products.

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