Important Statements from Pony Oil Founders!

DALLAS, TX / ACCESS Newswire / November 5, 2025 / Pony Oil announced this week that it has been sued by Vista Bank regarding a Main Street loan. Founder John Paul Merritt addressed the situation directly, characterizing it as a reflection of the ongoing years-long legal battle with Pioneer and Exxon in the Pemian Basin.

“The truth is simple,” said Merritt, “My current legal battle has consumed a great deal of time, focus, and resources with Pioneer and now Exxon. This has been the fight of my life - and while we continue to win critical hearings, trying to reveal the truth is an unavoidable side effect of standing up against two major global companies.”

Merritt emphasized that he does not adopt a blaming attitude towards Vista Bank for its actions, underscoring that this lawsuit is a “standard procedure” and reiterated that he is in full communication with the bank and other lenders, assuring them that he will fulfill his obligations.

“I take the relationships I have with my lenders seriously and I understand the situation they are in,” Merritt continued. “As long as my legal costs are covered, my partners are solid, and our case continues to progress, this is not the end of anything - it is merely a reflection of what challenges arise when standing against power.”

Merritt referred to the Vista Bank lawsuit as “a loss in a battle,” emphasizing its connection to the broader financial burden of seeking justice in the oil and gas sector. He reiterated his commitment to continuing the fight for mineral owners, independent operators, and landowners in the Pemian Basin.

“What matters is we are winning battles and these victories will ultimately determine the war,” Merritt added. “Looking forward - more is to come.”