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The Meridian Resource Corporation (TMRC) is an independent oil
and natural gas company whose primary focus is on the exploration
for and development of oil and natural gas properties utilizing
3-D seismic and computer-aided exploration (CAEX).
The company's exploration efforts are concentrated onshore in
the Louisiana and Texas Gulf Coast region in known geological
trends with potential reserves estimated to be more than 50 Bcf
equivalent of natural gas per prospect and with multiple productive
zones capable of producing more than 10 MMcf of natural gas per
day. Meridian Resource typically retains a working interest of
between 50% and 75% in each well drilled.
Beginning with the company's significant natural gas discovery
in 1992, in the Chocolate Bayou Field of Brazoria County, Texas,
Meridian Resource has made five new field discoveries in six attempts.
Based solely on its exploration activities, the company's discoveries
have resulted in proved reserves of 131 Bcf equivalent and average
daily production of 40.5 MMcf of natural gas and 2,975 BOPD.
Headquartered in Houston, Meridian Resource has 26 employees.
The company's common stock is traded on the American Stock Exchange
under the symbol "TMR."
Contact Information
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