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 a dozen US states (primarily in the Rockies, Mid-Continent, and the South and Southwest). The company has estimated proved reserves of 419 million barrels of oil equivalent and production of 65,000 barrels of oil equivalent per day. It has interests in more than 11,000 wells.