MEG Energy
Calgary
About MEG Energy
MEG Energy is an energy company that focuses on sustainable in situ development and production of oil sands. It transports and sells thermal oil to customers globally. MEG also owns interests in two key midstream assets: Access Pipeline and Stonefell Terminal. Access Pipeline, a 50%-owned joint venture with Devon Energy, connects their Christina Lake Project to a main transportation hub in Edmonton, ultimately providing access for their product to multiple end markets. Stonefell Terminal is a wholly-owned 900,000-barrel storage facility that was completed in late 2013. It allows MEG to mitigate risks with pipeline restrictions and acquire and store diluent during favorable market conditions. A proprietary pipeline connects Stonefell Terminal to the Canexus Bruderheim rail facility, establishing the first wellhead-to-unit-train connection via pipeline in Canada. Together, these assets provide MEG with a number of unique cost and revenue advantages that allow us to add significant value to each barrel they produce.
Company Facts
- Operating status: Active
- Company type: For Profit
- IPO status: Public
- Employees: 251 – 500
- Estimated revenue: $1M – $10M
- Total funding: $242.8M
- Funding stage: M&A
- Last round: Post-IPO Equity (Oct 2025)
- Ticker: tsx:MEG
- Website: megenergy.com
- Phone: (403) 770-0446
Industries & Categories
Energy, Oil and Gas, Renewable Energy
Social Profiles
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