Where is Meg energy located?
Located in the southern Athabasca region, this multi-phased project is located 150 kilometres south of Fort McMurray in northeast Alberta. Comprised of approximately 200 square kilometres of leases, this SAGD operation currently has regulatory approvals in place to produce approximately 210,000 bpd.
How much debt does MEG Energy have?
MEG expects to exit 2021 with net debt of US$1.9 billion….
|Sustaining and maintenance||$||310|
|Previously announced Christina Lake optimization capital||50|
|Field infrastructure, regulatory, corporate and other||15|
What does Meg energy do?
MEG is an energy company focused on sustainable in situ thermal oil production in the southern Athabasca region of Alberta, Canada. MEG transports and sells its thermal oil production to refiners throughout North America and internationally.
How many employees does MEG Energy have?
485MEG Energy / Number of employees (June 2013)
Who bought MEG Energy?
April 14, 2005 – CNOOC Ltd, China’s 3rd biggest oil and natural gas company purchased a 16.69% interest in MEG Energy for $C150 million (13.6 million common shares).
What is SAGD oil sands?
Steam-assisted gravity drainage (SAGD; “Sag-D”) is an enhanced oil recovery technology for producing heavy crude oil and bitumen. It is an advanced form of steam stimulation in which a pair of horizontal wells is drilled into the oil reservoir, one a few metres above the other.
Who owns Meg?
The value of those reserves is over $19.8 billion. CNOOC has a minority 16.69% interest in MEG Energy. Within nine months of going public it reached large cap company status after a small cap ipo….MEG Energy.
|Founded||1999 by William J McCaffery as McCaffery Energy Group Inc|
|Headquarters||Calgary, Alberta, Canada|
Is SAGD the same as fracking?
Behind these tectonic shifts are new technologies, some of which have quickly become well-known. They include hydraulic fracturing (“fracking”) and horizontal drilling, in the case of shale gas and shale oil, and steam assisted gravity drainage (SAGD), in the case of oil sands.
Is SAGD better for environment?
Out of the nine Alberta projects Pembina compared, SAGD operations produce on average 2.5 times more carbon and related emissions per barrel of bitumen than mining operations. Mining operations also produce, on average, 30% lower sulphur emissions than SAGD.
Who is the biggest natural gas producer in Canada?
Tourmaline is Canada’s largest natural gas producer focused on long-term growth through an aggressive exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin.
Does tourmaline pay a dividend?
Tourmaline is considered to be “a qualified foreign corporation” and the dividends paid on its common shares are considered to be “qualified dividends”, as determined for US federal tax purposes.
Who is MEG Energy?
About MEG MEG Energy is a Canadian energy company focused on sustainable in situ thermal oil production.
Where are Meg’s Alberta oil sands located?
To learn more, view MEG’s Alberta Oil Sands: The Facts. MEG was founded in Calgary in 1999 and became publicly traded in 2010. Our production assets are located in Alberta, although our products provide energy to markets across much of North America. Head office: Calgary, Alberta, Canada
Why choose Meg thermal oil?
MEG transports and sells its thermal oil production to refiners throughout North America and internationally. With proven, proprietary innovative technologies, we are dramatically reducing our energy and water use, capital and operating costs and greenhouse gas intensity.
How is ethylene glycol (MEG) made?
There are two main routes for Ethylene Glycol (Monoethyle Glycol/MEG) production: one is the Olefin/EO (Ethylene Oxide) Route starting from either naphtha, ethane or methanol, the licensors include Shell, SD, UCC and etc. And the other is the DMO (dimethyl oxalate) Route newly emerged in China these years, starting from syngas.