MEG Energy Corp
Derek was appointed as the President and Chief Executive Officer, and a Director in August 2018. He is a veteran oil and gas industry executive with over 35 years of experience. From May 2009 to March 2018, he served as the President, CEO and Director of Pengrowth Energy, where he led the Company through a major transformation, streamlining its asset base from 35 properties to two growth assets, with over $9 billion of development opportunities. Prior to joining Pengrowth, Derek was the President, CEO and Director of Focus Energy Trust, a dividend paying royalty trust company. During his tenure at Focus, Derek was successful in increasing the market valuation approximately five times, while distributing more than $400 million to unitholders. Mr. Evans holds a Bachelor of Science in Mining Engineering from Queen’s University and is a registered professional engineer in Alberta.
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MEG Energy Corp
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MEG Energy Corp (MEG) is a Canada-based oil sands company. It is focused on sustainable in situ oil sands development and production in the southern Athabasca oil sands region of Alberta, Canada. MEG is engaged in developing enhanced oil recovery projects that utilize steam-assisted gravity drainage (SAGD) extraction methods. The Company has the following commercial SAGD projects: the Christina Lake Project and the Surmont Project. The Christina Lake Project is situated on over 80 square miles of oil sands leases in the southern Athabasca oil sands region of Alberta. MEG owns working interest in the oil sands leases associated with the Christina Lake Project. The Surmont Project comprises over 30 square miles of lands in the southern Athabasca oil sands region of Alberta. The Surmont Project is located approximately 50 miles south of Fort McMurray. MEG owns working interest in the oil sands leases associated with the Surmont Project.