Company Research Report: Merit Energy Company
Company Overview
Name
Merit Energy Company
Mission of the Company
Merit Energy Company is committed to disciplined strategies enhanced by decades of experience in oil and gas investments. They focus on acquiring, operating, and developing high-quality, mature oil and gas assets.
Founding
- No information is available regarding the exact founding date or the founders of the company.
Key People
- President & CEO: Terry Gottberg, recognized as a Top Leader.
Headquarters
- 13727 Noel Road, Suite 1200, Tower 2, Dallas, Texas 75240, United States
Number of Employees
- No information is available on the number of employees.
Revenue
- No information is available regarding the company's revenue.
Known For
Merit Energy Company is one of the largest private oil and gas operators in the United States, known for its disciplined approach to energy investments and being a long-term partner for institutional investors. The company has been recognized as one of the top places to work by the Dallas Morning News for 13 consecutive years.
Products
Product Offering
Merit Energy Company is involved in the production and management of oil and natural gas.
High Level Description
- Oil Production: Involved in acquiring and managing mature oil assets.
- Natural Gas Production: Produces natural gas as part of their energy portfolio.
Key Features
- Operational Excellence: Focus on reducing costs, improving efficiency, increasing production, and maximizing safety across their operations.
- Environmental Goals: Commitment to reducing methane emissions and not using flaring as standard procedure, while promoting biodiversity, conservation, and protection of natural habitats.
- Investment Strategy: Provides institutional investors with long-term commodity exposure, capital preservation, and a focus on distributions.
Recent Developments
Recent Developments in the Company
- Named to the DFW Top Places to Work List for the 13th consecutive year by the Dallas Morning News.
- Ongoing commitment to employee development and maintaining a strong company culture.
New Products Launched
- No information is available on new products launched.
New Features Added to Existing Products
- No information is available regarding new features added to existing products.
New Partnerships
- No information is available on any new partnerships.
Operations and Environment
Operating Regions
Merit Energy Company operates in multiple states:
- Arkansas: Locations in Searcy, Ozark
- Colorado
- Kansas: Locations in Elkhart, Garden City, Hugoton, Liberal, Sublette, Ulysses
- Oklahoma: Locations in Guymon, Hartshorne
- Texas: Locations include Canadian, East Texas, Laredo, Lavaca, McAllen, and McCook
- Wyoming: Locations in Cody, Hamilton Dome
Commitment to ESG
Merit Energy emphasizes protecting people and the environment. Their environmental goals include reducing emissions through feasible technologies and conserving biodiversity and natural habitats.
Cultural & Career Aspects
Workplace Recognition
Merit Energy has been recognized by the Dallas Morning News as one of the best places to work for 13 consecutive years.
Employee Focus
- Work Environment: Focus on collaboration, professional development, and providing a work-life balance.
- Compensation and Benefits: Competitive packages that include health insurance, retirement plan, and paid time off.
- Philanthropy: Active engagement in supporting community initiatives and encouraging employee participation.
Contact Information
- Main Office Phone: 972.701.8377
- Investor Relations: Meghan Cuddihy, Vice President - Phone: 972.628.1511
Note: Certain details like the number of employees, specific revenue figures, and recent product/feature updates are not available, as per the provided data.
