Merit Energy Company

Oil and Gas Leasing Help
1

Merit Energy Company (Dallas, TX) has purchased wells in Oklahoma that I have mineral interests in. They purchased them from XTO. I was wondering if anyone has dealt with Merit Energy and what I can expect when one company sells to another. These are producing wells. The production has decreased some over the last fifteen years but they still pay every month. I am a relatively new mineral owner and haven’t experienced this yet.

Thanks in advance.

2

It may take a few months to straighten everything out, but royalty payments usually continue. Some buyers take the pay deck from the previous operator and just continue as usual. Some buyers do a more advanced title work job to make sure that the pay deck is correct. Save your statements from XTO for seven years and you also want them to compare the wells and the decimals to make sure they match when the new checks come.