A major, independent energy company offers a lesson in how mergers can succeed and the importance of paying attention to cultural issues throughout the merger process. Founded in the 1970s, the company is now one of the largest U.S.-based independent oil and gas producer and one of the largest independent processors of natural gas and natural gas liquids in North America. A significant part of that growth has come via mergers and acquisitions, with the company often completing at least one acquisition per year. The company now employs more than 5,000 people.
The TRACOM Group’s products are an important part of the company’s performance and culture efforts. They have used TRACOM’s SOCIAL STYLE (Producing Results with Others) and team development (Orchestrating Team Performance) courses as part of the company’s leadership development process and to support the merger strategy.