Surge Energy Sparks Excitement with Impressive Third Quarter Results
Calgary-based Surge Energy Inc. is making headlines with robust third-quarter results, announced on November 5, 2025. The company reported an impressive average production of 23,622 barrels of oil equivalent per day (boepd), significantly surpassing its revised 2025 budget guidance of 23,000 boepd, which was set on July 28, 2025. This strong outperformance is largely credited to successful operations in its Sparky and SE Saskatchewan areas.
Against a backdrop of an anticipated 10-year high in Canadian oil and natural gas drilling activity for 2025, driven partly by increased export capacity from the Trans Mountain Pipeline Expansion, Surge's local performance shines. Calgary, as Canada's energy capital and home to Surge Energy, is experiencing an economic outlook projecting robust growth for the region, with the energy sector showing resilience despite global fluctuations.
Further bolstering its leadership, Surge Energy Inc. has also appointed Myles Bosman to its Board of Directors, effective November 5, 2025. Looking ahead, Surge plans to double down on its thriving Sparky and SE Saskatchewan locations in its 2026 capital and operating budget, emphasizing managed growth and strong shareholder returns. The company is currently distributing an annual base cash dividend of $0.52 per share, paid monthly, which totals over $52 million annually.
