Exclusive: Surge Energy Seeks Midland M&A with $1.3B in Dry Powder / Latest / By mark Surge Energy is one of the largest private oil producers in the Permian Basin. With $1.3 billion in dry powder to put to work, Surge is scouring the northern Midland Basin for M&A, executive Travis Guidry told Hart Energy. Share this: Click to share on Facebook (Opens in new window) Facebook Click to share on X (Opens in new window) X Related