MEG Energy Corp. is a Canadian oil sands company focused on sustainable in situ development and production in the southern Athabasca oil sands region of Alberta. MEG has acquired a large, high-quality resource base - one that they believe holds some of the best in situ resources in Alberta. With these resources and a well-formulated strategic growth plan, MEG is positioned to be a strong oil sands player for many years to come. 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 favourable 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. MEG continually seeks opportunities to incorporate technologies that can strengthen their marketing options and develop additional opportunities. These include their Diluent Removal Facility and HI-Q demonstration project. In 2013, MEG announced plans to construct a diluent removal facility that will be connected to Stonefell Terminal. This technology will recycle diluents needed to move their heavy crude by rail and return them to their Christina Lake project via the Access Pipeline. The resulting product “railbit”, can be transported by rail to refining markets across the continent. MEG's proprietary HI-Q technology has been successfully demonstrated on a smaller scale to modify bitumen blends to a product suitable for shipping by pipeline without diluent, at significantly reduced environmental impacts relative to conventional oil sands upgrading processes. In 2014, MEG commenced construction of the HI-Q Field Demonstration Pilot. As part of their overall marketing efforts, these technologies are focused on reducing both their diluent requirements and their transportation costs. Guiding the development of their resource base and strategic plans is a highly experienced team. Their company is home to some of the industry's top talent, boasting decades of experience that span nearly every thermal oil sands project developed in Alberta over the past 20 years. They hire individuals who share their commitment to excellence in all that they do and those who are passionate about responsible energy development.Based in the United States, MEG Energy is a medium-sized energy company with 485 employees and a revenue of $3.9B.
In demand companies are hiring! Let Zippia apply for you!
-
MEG Energy employee reviews
Be the first to review!
Do you work at MEG Energy?
Help job seekers learn about working at MEG Energy
The key people at MEG Energy is William McCaffrey.
Key people
William McCaffrey
Rate MEG Energy's commitment to diversity and inclusion.
Do you work at MEG Energy?
Did MEG Energy's compensation package meet your expectations?
MEG Energy financial performance
9.4
Performance score
Highest paying MEG Energy competitors
Compare MEG Energy salaries to competitors, including Devon Energy, Suncor Energy, and Precision Drilling. Employees at Devon Energy earn the highest average yearly salary of $86,960. The salaries at Suncor Energy average $73,012 per year, and the salaries at Precision Drilling come in at $67,442 per year.
Rank
Company
Average salary
Jobs
1
$86,960
0
2
$73,012
0
3
$67,442
0
4
$57,672
0
5
$43,360
0
6
$33,170
0
Are you an executive, HR leader, or brand manager at MEG Energy?
Claiming and updating your company profile on Zippia is free and easy.
Zippia gives an in-depth look into the details of MEG Energy, including salaries, political affiliations, employee data, and more, in order to inform job seekers about MEG Energy. The employee data is based on information from people who have self-reported their past or current employments at MEG Energy. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by MEG Energy. The data presented on this page does not represent the view of MEG Energy and its employees or that of Zippia.
MEG Energy may also be known as or be related to MEG ENERGY CORP, MEG Energy, MEG Energy Corp and MEG Energy Corp.
