CALGARY,
AB, Nov. 8, 2023 /CNW/ - MEG Energy Corp.
(TSX: MEG) ("MEG" or the "Corporation") is pleased to announce the
appointment of James D. McFarland as
its independent Board Chair. Mr. McFarland has served as a director
MEG since 2010. During that time, he has also served as the Chair
of the Human Resources and Compensation Committee, as well as
member of the Audit Committee, Health, Safety & Environment and
Reserves Committee, and the Governance and Nominating
Committee.
Mr. Derek Evans, Chief Executive
Officer, commented, "Jim has been a steadfast supporter of MEG for
many years, and the organization has benefitted in countless ways
from his deep wisdom and experience, tireless work ethic and
extraordinary attention to detail. We are grateful to have him as a
long-standing board member and we are excited to see him assume
leadership of the Board."
Mr. McFarland has over four decades of domestic and
international experience in the oil and gas industry, including
extensive oil sands and other unconventional resource development
experience. He is a cofounder, and has been a director of, Valeura
Energy Inc. since April 2010 and
served as President and CEO, until his retirement in December 2017. Prior thereto, Mr. McFarland has
held a number of executive leadership roles including President and
CEO, director and co-founder of Verenex Energy Inc., Managing
Director of shale-oil developer Southern Pacific Petroleum N.L.,
President and Chief Operating Officer of Husky Oil Limited and a
23-year period with Imperial Oil Limited and other Exxon
affiliates. Mr. McFarland has been a director of various public and
private entities including, most recently, Pengrowth Energy
Corporation and Arrow Exploration Corp. Mr. McFarland received a
Bachelor of Science (Honours) (Chemical Engineering) from Queen's
University at Kingston, a Master
of Science (Petroleum Engineering) from the University of Alberta and completed the Executive
Development Program at Cornell
University. He is a member of the Institute of Corporate
Directors and a Life Member of both the Association of Professional
Engineers and Geoscientists of Alberta and the Society of Petroleum
Engineers.
About MEG
MEG is an energy company focused on sustainable in situ
thermal oil production in the southern Athabasca oil region of Alberta, Canada. MEG is actively developing
innovative enhanced oil recovery projects that utilize
steam-assisted gravity drainage extraction methods to improve the
responsible economic recovery of oil as well as lower carbon
emissions. MEG transports and sells thermal oil (AWB) to customers
throughout North America and
internationally. MEG is a member of the Pathways Alliance, a group
of Canada's largest oil sands
producers working together to address climate change and achieve
the goal of net zero emissions1 by 2050. MEG's common
shares are listed on the Toronto Stock Exchange under the symbol
"MEG" (TSX: MEG).
Learn more at www.megenergy.com.
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1 Scope 1 and scope 2
emissions
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For further information, please contact:
Investor Relations
T 403-767-0515
E invest@megenergy.com
Media Relations
T 403-775-1131
E media@megenergy.com
SOURCE MEG Energy Corp.
