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Merit Energy Company

Company Summary

Description

Merit Energy Company’s strategy has remained the same since the Company was founded in 1989: acquire, operate and develop. We acquire the best, high quality, producing properties within the United States, increase operational efficiencies and prudently develop our assets to generate attractive returns and maximize values.

Website

https://www.meritenergy.com/About

Recent news

Company Transactions

Date: 12/28/2017
Type: Acquisition

BUYERS:
  • Silver Creek Midstream, LLC
    • SELLERS:
  • Red Butte Pipe Line LLC
  • Merit Energy Company
    • ASSETS:
  • Red Butte Pipeline
    • DETAILS:
    NOTES:
    Silver Creek Midstream has entered into a deal to acquire Red Butte Pipeline LLC from Merit Energy Company. Red Butte owns and operates a 530-mile crude oil gathering system in the Big Horn and Wind River Basins underpinned by long term dedications.
    REGIONS:
  • Big Horn Basin
  • Wind River Basin

    • Date: 4/11/2016
    Type: Acquisition

    BUYERS:
  • Merit Energy Company
    • SELLERS:
  • Marathon Oil Corporation
    • DETAILS:

    COST: 870 $MM

    VOLUMES: 16.5 MBOE/d

    REGIONS:
  • Green River Basin