Reclamation liability, made underwritable.
Abandonment and reclamation obligations have become an explicit line item in energy credit risk. Meridian exists to make that liability a number you can measure, monitor, and defend.
The obligation outlives the production — and the files that track it.
There are hundreds of thousands of well sites across Western Canada, each carrying a future cost to abandon and reclaim. That cost moves with the ground, with commodity prices, and with policy — but it has historically been rebuilt by hand, site by site, weeks after a credit or transaction decision was already due.
Meridian scores land recovery across the whole basin from satellite imagery, pairs each site with a dynamic, auditable ARO estimate, and monitors LMR and decommissioning-reserve covenants — so the liability in a portfolio is a live, defensible figure rather than a footnote that gets inherited.
It started on the land.
Meridian began in the back country, not the boardroom. We grew up hunting and fishing across Western Canada — time spent on the land that runs straight through this region’s energy country. You notice things out there: an old lease road, a wellsite a decade after the rig left, where the grass came back and where it didn’t.
We also love this industry. It built the towns we’re from and the country we hunt. But the question of whether the land actually recovers — honestly, at scale, in a way you can prove — was being answered with windshield surveys and guesswork.
So we built the tool we wished existed: a way to look down from orbit at every site and measure, site by site, whether the land is coming back — and what it will cost to get there. That question became Meridian.
Principles that hold up under scrutiny.
Interpretable, not black-box
Every recovery score traces back to a multispectral observation and a documented rule. If a credit committee or a regulator asks how a number was reached, there is an answer — not a model weight.
Built on open imagery
We start from free, frequent Sentinel-2 imagery (10 m, ~5-day revisit) so coverage is portfolio-wide from day one, with no per-site data bill standing between you and the answer.
A credit-risk instrument
Meridian is positioned for the people who price the risk — reserve-based lenders, banks, and private capital — not as a cheaper ARO calculator. Reclamation liability is an underwriting input, and we treat it like one.
684K
Western Canadian well sites in coverage.
10 m
Satellite resolution, refreshed roughly every five days.
AB · BC · SK · MB
Full Western Canada Sedimentary Basin, day one.
Built by people who know the ground it covers.
Tac Chatterson
Co-Founder & CEO
Tac leads Meridian and brings the capital-markets side of the story. Over two years on the Energy team at Haywood Securities — working on roughly C$1 billion of oil & gas financings and M&A — he watched asset-retirement liability become the most-argued number in nearly every deal, and almost never a defensible one. He now invests across strategies at Dale Ventures, a family investment office, and holds a B.Comm in Finance from Dalhousie University. A lifelong hunter, angler, and skier, Tac is happiest in the back country — which is exactly where the idea for Meridian began.
LinkedInJohn McFetridge
Co-Founder & COO
John runs operations and is the engineer of the pair. He has spent nearly three years as a project engineer at Obsidian Engineering, designing well pads across the Montney for operators like Shell and Tourmaline — so he knows the sites Meridian monitors from the ground up. He holds a B.Eng in Mechanical Engineering from Western University and is completing his Professional Engineer (P.Eng) designation. Like Tac, John is a Calgary-based outdoorsman — a hunter, angler, and skier who cares deeply about the land the industry works on.
LinkedInSee your portfolio scored.
Meridian is onboarding a small number of design partners — across lenders, investors, operators, and the firms doing the reclamation. Request access and we’ll walk your assets through a satellite-verified reclamation-risk view.