P2 Energy Solutions Completes Acquisition of Merrick Systems

12/01/2014

Acquisition expands company’s solution portfolio to serve upstream oil and gas production operations

DENVER, CO – (Dec. 1, 2014) – P2 Energy Solutions (“P2”), a leader in software and data solutions for the upstream oil and gas industry, today announced it has completed the acquisition of Merrick Systems, Inc. (“Merrick”), a leader in production management and field operations software. Many mutual customers already recognize the benefits from using both systems in their day-to-day operations, and will benefit from the closer integration of these capabilities.

“The addition of the Merrick solutions to P2’s portfolio creates opportunity for customers who want to optimize production by more tightly connecting field operations with the back office,” said P2 CEO Charles Goodman. “Driving greater value through real-time, data-driven operations is a top priority for our customers, particularly given the dynamics of today’s upstream oil and gas environment.”

P2 announced a pending deal with Merrick on November 13, and the transaction closed on December 1. Merrick is an experienced leader providing production management, hydrocarbon accounting and field operations software in the oil and gas industry. For over 25 years, Merrick has partnered with leading exploration and production companies to provide energy professionals with the software that gives them the comprehensive data they need to accurately manage their production, assets, and operations.

“We’re very excited to be partnering with P2 for the next phase in growth of our production management solutions,” said Merrick President and CEO Scott Raphael.

Merrick founder, board member and COO Samina Farid said, “P2 is a great fit for Merrick because our companies share many of the same core values, including a commitment to a world class customer experience and a dynamic culture for our employees.”

Raphael and Farid are joining P2 in leadership positions to drive customer collaboration and the integration of the Merrick and P2 solutions.

About P2
P2 Energy Solutions Empowers the People Who Power the World. Upstream oil and gas professionals who are focused on solving tough challenges rely on P2 software, data and analytics solutions to optimize their business performance. More than 1,500 companies from around the world use P2 solutions every day to manage their land assets, measure and process financial information, optimize production, manage their reserves and so much more. www.p2energysolutions.com.

Related Articles


P2 Energy Solutions to Acquire iLandMan

05/22/2018
Leading upstream oil and gas software provider acquires iLandMan as part of strategic growth initiative. DENVER, COLORADO – (May 22,...

Cabot Oil & Gas Extends its Investment in Solutions from P2

02/28/2018
Leading upstream producer adds Enterprise Upstream, P2 Merrick, P2 Operational Intelligence, Domain, and P2 AFE to improve back-office effectiveness. DENVER,...

P2 Announces the Launch of Qbyte FM 2.0

02/28/2018
Fully modernized but not re-invented, the oil and gas industry’s leading financial management solution just got even better. CALGARY, ALBERTA...