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MEG Energy Corp. Stage: Venture Date of Investment: 2004 Web Site : http://www.megenergy.com Stock Symbol : TSX: MEG |
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MEG Energy, based in Calgary, Alberta, Canada is an oil exploration and production company focused on developing oil sands in the Athabasca region of northern Alberta. MEG is led by a seasoned management and technical team with extensive experience developing commercial oil sands projects in Alberta. MEG is developing acreage in the Athabasca fairway using the Steam Assisted Gravity Drainage (SAGD) process. MEG has constructed a commercial-scale operation producing more than 25,000 barrels of oil per day with an ultimate production target of 260,000 barrels per day. Warburg Pincus initially invested in MEG Energy in 2004. The company completed an initial public offering on the Toronto Stock Exchange in August 2011.
