MEG Energy today reported third quarter 2012 operational and financial results. Highlights include:Strong operating performance confirmed annual production and exit rates will be at the high end of guidance with corresponding operating costs at the low end of guidance;A planned plant turnaround was successfully completed with a record four day ramp-up to full production rates;Steady progress continued on the RISER [...]
MEG Energy announces that it intends to release its financial results for the third quarter ended September 30, 2012 on Thursday, October 25, 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, October 25, 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 [...]
MEG Energy today reported second quarter 2012 operational and financial results. Highlights include:Record high quarterly production volumes of 30,429 barrels of bitumen per day (bpd);Record low non-energy operating costs of $7.79 per barrel; An updated independent reserves evaluation reporting a 70% increase in proved reserves to 1.2 billion barrels and a 25% increase in proved plus probable reserves to 2.6 billion [...]
MEG Energy announces that it intends to release its financial results for the second quarter ended June 30, 2012 on Thursday, July 26, 2012.A conference call will be held to review the financial results at 7:30 a.m. Mountain Time on Thursday, July 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 recording of the call will be [...]
MEG Energy today announced that it has closed its previously announced senior unsecured notes offering. MEG has issued US$800 million in aggregate principal amount of 6.375% senior unsecured notes due in 2023. The Notes were issued pursuant to an indenture dated as of July 19, 2012, by and between MEG, MEG Energy (U.S.) Inc. and Wilmington Trust, National Association, as trustee.The Notes have not been and will not be [...]
MEG Energy today disclosed the pricing and an increase in the size of its previously announced senior unsecured notes offering (the "Notes Offering"). Due to the positive market reception for the Notes Offering, MEG is increasing the total size of the offering to US$800 million from US$700 million. The senior unsecured notes will bear interest at 6.375% per annum and are due in 2023. MEG intends to use the net proceeds of [...]
MEG Energy announced today that it is planning to commence, subject to market and other conditions, a private offering of US$700 million in aggregate principal amount of senior unsecured notes due in 2023. MEG intends to use the net proceeds from this offering for general corporate purposes.The senior notes to be offered by MEG will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities [...]
MEG Energy Corp. announced today that its Board of Directors has conditionally approved a broad-reaching production enhancement program for the company's in situ oil sands facilities at Christina Lake, Alberta. The program, called RISER, increases the company's production target from Christina Lake Phases 1, 2 and 2B to approximately 80,000 barrels per day (bpd) at the end of 2014 or early 2015 from the previous [...]
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