TSX:CUS.DB.D - Post by User
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Opportunuson Aug 26, 2014 12:06pm
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MEG's connection complete
MEG's connection completeMEG is growing its production rapidly. They are desperately in need of transportation means to get their oil out to the market. The following is an excerpt from The Alberta Oil Sands Industry Quarterly Update Summer 2014: "MEG Energy Corp. is now moving oil sands crude on unit trains. Concurrent with the fourth-quarter ramp-up of production at the company’s Christina Lake SAGD project, MEG commissioned its proprietary 900,000-barrel Stonefell storage terminal and completed its proprietary pipeline connection to Canexus Corporation’s rail loading facility at Bruderheim, Alta., establishing the first direct wellhead to rail pipeline connection in the Canadian oil industry. The first unit train of MEG product was loaded in December with additional unit trains loaded in January."