Equipment leasing for operators.
Meridian Holding Partners LLC places oilfield production equipment on your location under a long-term lease. You operate it and pay one fixed rent; Meridian handles the rest. The arrangement separates the cost of the equipment from the cost of the well, and lets each be judged on its merits.
How a Meridian lease works
Plain terms, agreed once and honored for the length of the lease.
Specified for the work
Every equipment package is assembled around the wells it will serve and the work they require, so what arrives on location is what the job called for.
Fixed rent, fixed term
A single monthly rent for the entire term, settled before anything moves. There are no resets and no adjustments, which makes the cost as predictable as the calendar.
You operate it
The equipment runs on your location under your crews and your procedures, exactly as equipment you had purchased would.
Options when the term ends
Renew the lease, purchase the equipment, or hand it back. The choice is yours, made on the notice the lease provides.