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Merit Energy Snapshot
Merit Energy's merit pay is dependent on its success in developing oil and gas projects. The company acquires, develops, and operates mature producing oil and gas properties on behalf of equity-based limited partnerships. Merit Energy has eight core operating areas in North America. It manages assets in 15 US states (primarily in the Rockies, Midcontinent, and the South and Southwest) and in the Canadian province of Alberta. It also has operations in Michigan and the Gulf of Mexico. In 2009 the company reported proved reserves of 453 million barrels of oil equivalent and production of almost 84,900 barrels of oil equivalent per day. It has interests in more than 13,000 wells.
