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Home > Company Index > Energy > Oil & Gas Exploration & Production > The Meridian Resource Corporation

The Meridian Resource Corporation
NYSE: TMR
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 PROFILE
Locating oil and gas requires a little latitude, so Meridian Resource uses 3-D seismic technology to improve its success rate. The exploration and development company focuses on the Gulf Coast and Gulf of Mexico; it has proved reserves of 306 billion cu. ft. of natural gas equivalent, about 56% of which is natural gas. Meridian Resource moved into the Gulf when it bought Cairn Energy USA and has beefed up its Gulf Coast holdings by buying almost all of Shell Oil's southern Louisiana exploration properties. The company bought back shares from Shell in 2001, reducing Shell's stake in Meridian Resource from 40% to about 15%.

 COMPETITION
BP p.l.c. (BP)
Exxon Mobil Corporation (XOM)
Texaco Inc. (TX)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 223.40
1-Yr. Sales Growth: 68.5%
Employees: 163
Revenue per employee: $1,370,552.15

 KEY PEOPLE
• Joseph A. Reeves
    CEO

 CONTACT INFO
1401 Enclave Pkwy., Ste. 300
Houston, TX 77077
US
Phone: 281-597-7000
Fax: 281-558-5595
Online: Web Site

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