MEG Energy Corp. reports that independent reserves evaluator GLJ Petroleum Consultants has updated, on June 30, 2012, its evaluation of MEG's reserves and resources as at December 31, 2011. Highlights of the evaluation, which reflects the impact of Christina Lake Phase 3 regulatory approvals and the initiation of the Surmont regulatory process, include:Proved reserves of 1.2 billion barrels of bitumen, representing an [...]
CALGARY, April 26, 2012 /CNW/ - MEG Energy Corp. today reported first quarter 2012 operational and financial results. Highlights include:
-- Cash operating netbacks of $39.20 per barrel, marking MEG's third highest quarterly netback to date, despite volatile markets and wider than usual light-heavy crude oil differentials; -- Production volumes averaging 28,446
MEG Energy announces that it intends to release its financial results for the first quarter ended March 31, 2012 on Thursday, April 26, 2012. A conference call will be held to review the financial results at 7:30 a.m. Mountain Time (9:30 a.m. Eastern Time) on Thursday, April 26, 2012. The U.S./Canada toll-free conference call number is 1 888-231-8191. The international/local conference call number is 647-427-7450. A [...]
CALGARY, March 28, 2012 /CNW/ - MEG Energy Corp. ('MEG') filed its Annual Information Form ('AIF') for the year ended December 31, 2011 with the Canadian securities regulatory authorities today. Copies of the AIF may be obtained at www.sedar.com or via the 'Financial Information' section of MEG's website at www.megenergy.com/investors.
MEG Energy Corp. is focused on sustainable in situ oil sands development and
CALGARY, March 21, 2012 /CNW/ - MEG Energy Corp. ('MEG') today announced that it has achieved agreement to expand its senior secured revolving credit facility from US$500 million to US$1 billion and extend the maturity of its revolving credit facility by one year to 2017. The transaction was completed through an amendment of MEG's existing credit agreement.
Barclays and BMO Capital Markets acted as Joint Lead
Multi-stage project targets 120,000 barrels per day
CALGARY, March 19, 2012 /CNW/ - MEG Energy Corp. ('MEG') today announced its intention to begin formal stakeholder consultation in advance of a regulatory application to build, own and operate oil sands production facilities with a design capacity of approximately 120,000 barrels per day in the Surmont area of the Southern Athabasca oil sands region of Alberta
CALGARY, March 15, 2012 /CNW/ - MEG Energy Corp. ('MEG') today announced that it is seeking commitments to expand its senior secured revolving credit facility from US$500 million to US$1 billion. In addition, MEG intends to extend the maturity of its revolving credit facility by one year to 2017, as well as reduce the associated fees and interest rates. MEG believes that current market conditions offer an attractive
CALGARY, Feb. 23, 2012 /CNW/ - MEG Energy Corp. filed its audited financial statements and Management's Discussion and Analysis for the year ended December 31, 2011 with the Canadian securities regulatory authorities today.
To review these documents, please visit MEG's profile at www.sedar.com or see the 'Financial Information' section of MEG's website at www.megenergy.com/investors.
CALGARY, Feb. 13, 2012 /CNW/ - MEG Energy Corp. reports that it now has regulatory authorization to proceed with its Christina Lake Phase 3 Project, following approvals issued by Alberta Environment and Water and the previous approval on January 31, 2012 by Alberta's Energy Resources Conservation Board. Engineering work on the 150,000 barrel per day project is currently underway, including a planned $60 million
CALGARY, Feb. 2, 2012 /CNW/ - MEG Energy Corp. today reported fourth quarter 2011 operational and financial results. Highlights include:
-- Record quarterly production volumes of 30,032 barrels of bitumen per day (bbls/d) following a successful plant turnaround in September; -- Strong cash operating netbacks of $54.64 per barrel, supported by high commodity prices
CALGARY, Jan. 30, 2012 /CNW/ - MEG Energy Corp. announces that it intends to release its financial results for the fourth quarter ended December 31, 2011 on Thursday, February 2, 2012.
A conference call will be held to review the financial results at 7:30 a.m. Mountain Time (9:30 a.m. Eastern Time) on Thursday, February 2, 2012. The U.S./Canada toll-free conference call number is 1 (888) 231-8191. The
Christina Lake expansion on schedule and on budget - further investments support plans to increase production capacity tenfold by 2020
CALGARY, Dec. 6, 2011 /CNW/ - MEG Energy Corp. released its 2012 capital budget and production guidance today, which includes planned investment of approximately $1.37 billion and a production target of 26,000 to 28,000 barrels per day (bpd). Capital investments are expected to be