Surge Energy Announces Drilling the Longest Known Lateral in the Permian Basin of 3.4 Miles

News provided by

Apr 17, 2019, 12:04 ET

HOUSTON, April 17, 2019 /PRNewswire/ -- Moss Creek Resources Holdings, Inc. (the "Company"), a wholly owned subsidiary of Surge Energy US Holdings Company, today announced the drilling of the longest known lateral in the Permian Basin.

The Medusa Unit C 28-09 3AH was successfully drilled to a total-measured-depth of 24,592 feet (total vertical depth of 7,102 feet). This record breaking well was drilled 100% in zone of the Wolfcamp A with a total horizontal displacement of 17,935 feet (or 3.4 miles). This is the longest known lateral in the Permian Basin based on the IHS and Drillinginfo databases.

This technological accomplishment was executed in 18 days from surface to total depth utilizing conventional mud motor and measurement-while-drilling (MWD) technology. Surge Energy partnered with Latshaw Drilling & Exploration's Rig 10 and Pro Directional for directional services.

The well is expected to be completed and brought online later in the year.

"This industry milestone in the Permian Basin is our latest example of the innovation and technical expertise being executed by the Surge Energy Team," stated President and CEO Dexter Burleigh. "We are extremely proud of our Drilling Team for this significant achievement."

About Surge Energy US Holdings Company

Surge Energy US Holdings Company is an independent oil and natural gas company focused on the development, exploitation, production and acquisition of oil and natural gas reserves in the Midland Basin of West Texas, one of three primary sub-basins of the Permian Basin. The company is headquartered in Houston, Texas and currently holds approximately 85,000 net acres in the Permian Basin. For more information, visit our website at www.surgeenergya.com.

SOURCE Surge Energy