meridian commences oil production via solar-powered submersible pump

Following the successful installation of and trials with the Lorentz submersible progressive cavity pump system in multiple wells, Meridian has completed the installation of its first Lorentz system that is completely off-grid and solar-powered on a shallow well producing from Pennsylvanian-aged sandstone at approximately 675' depth in the Niagara field of Henderson County, Kentucky. Being completely severed from the electrical grid will result in significant OPEX reduction and is a step towards producing oil as sustainably as possible during the energy transition. The solar-powered Lorentz system has been successfully online and producing oil for several days now.