Quarterly / Earnings Reports | Second Quarter (2Q) Update | Oil Sands
MEG Energy Reports Q2 2017 Results; CapEx Unchanged
Email
Print 
Bookmark
MEG reported its 2Q17 results. Highlights of those results are below.
Quarterly production volumes of 72,448 barrels per day (bpd), while completing planned maintenance activities;
Total cash capital investment during the second quarter of 2017 was $158 million, compared to $78 million for the first quarter of 2017. Capital investment in 2017 is primarily directed towards the company's eMSAGP production growth initiative at Christina Lake Phase 2B, which is proceeding on schedule and ahead of budget. The company expects production to increase in the third quarter, supporting year-end exit production guidance of 86,000 to 89,000 bpd.
Longterm debt continues to sit at ~ 4.4 Billion.
Related Categories :
Second Quarter (2Q) Update
More Second Quarter (2Q) Update News
-
Berry Reaffirms FY25 Guidance; Uinta Wells Drive 2H Growth
-
SM Energy Hits Record Output; Driven by Uinta
-
Expand Energy Talks, Wells, Frac Crews, Production For 2H-2025 -
-
Comstock Rides Higher Gas Prices, Operational Momentum in Q2 2025
-
A Quarter of Quiet Strength: CNX’s Patient Ascent in Appalachia -
Canada News >>>
-
Western Canada Upstream M&A: Q1 2026 Transaction Report
-
Canadan E&P 2026 Program Calls for 448 Net Wells, Up 24% vs. 2025 Plan -
-
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
-
Whitecap Details 2026 Duvernay & Montney Program
-
ARC Resources: Lower 2026 Capex, Higher Volumes
