MEG Energy Overview
- Year Founded
-
1999
- Status
-
Acquired/Merged
- Employees
-
475
- Latest Deal Type
-
M&A
- Financing Rounds
-
32
- Investments
-
1
MEG Energy General Information
Description
MEG Energy Corp is an energy company focused on sustainable in situ thermal oil production at its Christina Lake Project in the southern Athabasca oil region of Alberta, Canada. MEG transports and sells thermal oil (known as Access Western Blend or AWB) to customers throughout North America and internationally.
Contact Information
Website
www.megenergy.comCorporate Office
- 600 - 3rd Avenue South West
- 21st Floor
- Calgary, Alberta T2P 0G5
- Canada
Corporate Office
- 600 - 3rd Avenue South West
- 21st Floor
- Calgary, Alberta T2P 0G5
- Canada
MEG Energy Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
MEG Energy Comparisons
Industry
Financing
Details
MEG Energy Competitors (41)
One of MEG Energy’s 41 competitors is Athabasca Oil, a Corporation company based in Calgary, Canada.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Athabasca Oil | Corporation | Calgary, Canada | ||||
| Baytex Energy | Corporation | Calgary, Canada | ||||
| ConocoPhillips | Corporation | Houston, TX | ||||
| Cenovus Energy | Corporation | Calgary, Canada | ||||
| Abraxas Petroleum | Corporate Backed or Acquired | San Antonio, TX |
MEG Energy Patents
MEG Energy Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| WO-2020146934-A1 | Combined process to produce both a pipelineable crude and carbon fiber from heavy hydrocarbon | Inactive | 15-Jan-2019 | ||
| WO-2019100140-A1 | Steamless hydrocarbon processing (upgrading) facility with multiple & integrated uses of non-condensable gas for hydrocarbon processing | Inactive | 22-Nov-2017 | ||
| WO-2019014751-A1 | Improved asphaltene conversion, separation, removal and transport preparation for heavy hydrocarbons | Inactive | 19-Jul-2017 | ||
| JP-2017095732-A | Low complexity, high yield conversion of heavy hydrocarbon | Inactive | 26-Jan-2017 | ||
| EP-3458551-A1 | Direct olefin reduction of thermally cracked hydrocarbon streams | Inactive | 16-May-2016 | C10G29/04 |
MEG Energy Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
MEG Energy Former Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
MEG Energy Investments (1)
MEG Energy’s most recent deal was a Joint Venture with Access NGL. The deal was made on 01-Mar-2007.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Access NGL | 01-Mar-2007 | Joint Venture | Energy Infrastructure |
MEG Energy Exits (1)
MEG Energy’s most recent exit was on 01-Mar-2007 from Access NGL. The exit was categorized as with 2 buyers.
| Company Name | Exit Date | Exit Type | Exit Size | Status | Buyers |
|---|---|---|---|---|---|
| Access NGL | 01-Mar-2007 | Completed |
|
MEG Energy FAQs
-
When was MEG Energy founded?
MEG Energy was founded in 1999.
-
Where is MEG Energy headquartered?
MEG Energy is headquartered in Calgary, Canada.
-
What is the size of MEG Energy?
MEG Energy has 475 total employees.
-
What industry is MEG Energy in?
MEG Energy’s primary industry is Energy Production.
-
Is MEG Energy a private or public company?
MEG Energy is a Private company.
-
What is the current valuation of MEG Energy?
The current valuation of MEG Energy is .
-
What is MEG Energy’s current revenue?
The current revenue for MEG Energy is .
-
How much funding has MEG Energy raised over time?
MEG Energy has raised $13.6B.
-
Who are MEG Energy’s investors?
Apollo Global Management, Azimuth Capital Management (PE), BMO Capital Markets, Denham Capital Management, and La Caisse are 5 of 9 investors who have invested in MEG Energy.
-
Who are MEG Energy’s competitors?
Athabasca Oil, Baytex Energy, ConocoPhillips, Cenovus Energy, and Abraxas Petroleum are some of the 41 competitors of MEG Energy.
-
When was MEG Energy acquired?
MEG Energy was acquired on 13-Nov-2025.
-
Who acquired MEG Energy?
MEG Energy was acquired by Cenovus Energy.
Data Transparency
-
Meet our data hygiene team
Discover how our experts ensure you’re getting the most accurate financial data in the industry.
Read more -
How PitchBook sources data
Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.
Discover our process
