MERIT ENERGY COMPANY other names

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Adviser Profile

As of Date:

03/25/2024

Adviser Type:

- Large advisory firm

Number of Employees:

831 3.75%

of those in investment advisory functions:

22 37.50%

Registration:

Texas, Terminated, 1/11/2002

Other registrations (1)
AUM:

4,595,722,000 6.16%

of that, discretionary:

4,595,722,000 6.16%

Private Fund GAV:

4,595,722,000 6.16%

Avg Account Size:

306,381,467 6.16%

SMA’s:

NO

Private Funds:

15

Contact Info

972 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
5B 4B 3B 3B 2B 1B 693M
2016 2017 2018 2019 2020 2021 2022 2023

Recent News

Undergraduate Students
03/30/2021

Tuition and Fees are administered through the University of Wyoming Registrars' office and student questions about tuition and fees should be directed there. Click here to visit UW Tuition and Fees web page. Students in the College of Engineering and ...

uwyo.edu

Settlement with Merit Energy resolves CWA violations in Wyoming
03/25/2021

The U.S. Environmental Protection Agency (EPA) recently announced a proposed settlement with Merit Energy Company of Dallas ... penalty will be deposited into the Oil Spill Liability Trust Fund, a fund used by federal agencies to respond to discharges ...

watertechonline.com

Texas oil company agrees to fine for Wyoming spill
03/25/2021

The 2018 spill by Merit Energy Company came after a pipeline broke at a battery of oil tanks northwest of Thermopolis, Wyoming, according to the settlement. Some of the spilled water and oil ...

myrtlebeachonline.com

Texas oil company agrees to fine for Wyoming spill
03/24/2021

The 2018 spill by Merit Energy Company came after a pipeline broke at a battery of oil tanks northwest of Thermopolis, Wyoming, according to the settlement. Some of the spilled water and oil ...

theolympian.com

Texas oil company agrees to fine for Wyoming spill
03/24/2021

The 2018 spill by Merit Energy Company came after a pipeline broke at a battery of oil tanks northwest of Thermopolis, Wyoming, according to the settlement. Some of the spilled water and oil ...

nhregister.com

Settlement with Merit Energy resolves violations of oil pollution prevention regulations in Wyoming
03/24/2021

DENVER – Today, the U.S. Environmental Protection Agency (EPA) announced a proposed settlement with Merit Energy Company (Merit ... will be deposited into the Oil Spill Liability Trust Fund, a fund used by federal agencies to respond to discharges ...

epa.gov


Private Funds Structure

Fund Type Count GAV
Private Equity Fund 15 $4,595,722,000

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Private Funds



Employees




Brochure Summary

Overview

Merit was founded in 1989 and provides portfolio management and administrative services to investment fund limited partnerships (collectively, the “Funds”) whose investors include institutions such as endowments, foundations, and pension funds, as well as fund of funds, family offices and high net worth individuals (collectively, the “Investors”). The Funds were formed by Merit for the purpose of acquiring net profits interests and other passive investments in mature, producing oil and gas assets located in the United States and other energy-related assets as permitted in the Funds’ respective limited partnership agreements and other governing documents (the “Governing Fund Documents”). An affiliate, Merit Management Group Holdings, LLC (“Merit Holdings”), was formed in 2023 and is a relying advisor. Merit’s principal owner is Merit Energy Management, L.P., a limited partnership owned, directly and indirectly, by the family of William K. Gayden (deceased). Terry D. Gottberg, Merit’s Chairman of the Board, Chief Executive Officer and President, is also an owner in Merit. Mr. Gottberg indirectly controls any investment vehicles through which the management team participates in a Fund. Typically, within each Fund structure is a designated general partner (the “General Partner(s)”) affiliated with Merit. Unless and only to the extent the context otherwise requires, references to Merit include Merit Holdings, the General Partner(s), and any affiliates thereof used in connection with the acquisition and ownership of
oil and gas assets in which the Funds own Investments. Merit provides the Funds with discretionary advisory services, portfolio management and administrative services, including investigating, analyzing, structuring, and negotiating potential investments, monitoring the performance of assets, and identifying disposition opportunities. Investment advice is provided directly to the Funds and not tailored to any individual Investor. Merit manages the assets of the Funds in accordance with the terms of the Governing Fund Documents. Within the parameters of the Governing Fund Documents, Merit has discretion over which oil and gas interests the Funds buy, hold, and sell, and Investor-approval is not required. Except in limited circumstances, Investors are not permitted to withdraw from a Fund prior to the Fund’s dissolution. Merit also engages in over-the-counter derivative transactions for commodity price risk management practices on behalf of the Funds. Merit does not give advice with respect to other securities. Equity interests in the Funds are not registered under the U.S. Securities Act of 1933, as amended (the “Securities Act””), and the Funds are not registered under the Investment Company Act of 1940, as amended (the “Investment Company Act”). Accordingly, limited partnership interests in the Funds are offered and sold exclusively to Investors satisfying the applicable eligibility and suitability requirements. As of December 31, 2023, Merit managed approximately $4.6 billion of assets on a discretionary basis.