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“ Two key drivers of this growth were the 10,000 acres acquired in 2019 , and the 22,000 in 2021 , which helped us to set an annual production record of more than 55,000 barrels of oil equivalent per day in 2022 , and a quarterly record in Q4 of 61,600 per day . Overall , since inception , our production has grown by 14 times . Late in 2022 , we also entered a new area in Dawson and Gaines counties , which we are currently evaluating for commerciality . Surge has a proven track record of acquiring and testing new areas , as well as being a responsible operator and a financially conservative company .”
“ We are fully committed to both the sustainability of our operating practices , and developing our assets for the long term ,” Chris Alonzo , Senior Vice President of Development and Operations , adds . “ This is evident from
... we had generated over $ 7 billion worth of contributions towards Texas ’ economy
the significant investments we have made in our industry-leading water management infrastructure . Thus far , Surge has invested over $ 135 million in water recycling , pipeline infrastructure , and disposal wells . This has been key to our highly successful produced water recycling program , which has significantly minimized the necessity for freshwater during completion operations . In the six years that we have been utilizing recycled water , the company has conserved over four billion gallons of freshwater .”
Production optimization
Chris stepped into his current role in March 2023 and cites his excitement at the new opportunity : “ Surge has a history of strong leadership , and significant experience in
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