MEG Energy Corp. engages in the production of in-situ thermal oil. The company is headquartered in Calgary, Alberta and currently employs 473 full-time employees. The company went IPO on 2010-07-29. The firm is engaged in the development of enhanced oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the economic recovery of oil. The company produces, transports and sells thermal oil (Access Western Blend) to customers throughout North America and internationally. The firm owns a 100% interest in over 410 square miles of mineral leases in the southern Athabasca oil region of Alberta, Canada and is primarily engaged in sustainable in situ thermal oil production at its Christina Lake Project. The Christina Lake Project is a multi-phased project, located 150 kilometers south of Fort McMurray in northeast Alberta and is comprised of approximately 200 square kilometers of mineral leases.
