<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001254045</cik>
        <entityName>MEG ENERGY CORP</entityName>
        <issuerAddress>
            <street1>734 - 7TH AVENUE S.W.</street1>
            <street2>10TH FLOOR</street2>
            <city>CALGARY</city>
            <stateOrCountry>A0</stateOrCountry>
            <zipCode>T2P 3P8</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>4037700446</issuerPhoneNumber>
        <jurisdictionOfInc>ALBERTA, CANADA</jurisdictionOfInc>
        <issuerPreviousNameList>
            <previousName>McCaffrey Energy Group Inc.</previousName>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Boyd</firstName>
                <lastName>Anderson</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1039 Varsity Estates Place N.W.</street1>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T3B 3X5</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Alan</firstName>
                <lastName>Archibald</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>734 - 7th Avenue S. W.</street1>
                <street2>16th Floor</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 3P8</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Andrew</firstName>
                <lastName>Bonvicini</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>734 - 7th Avenue S.W.</street1>
                <street2>10th Floor</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 3P8</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Andrew</firstName>
                <lastName>Fox</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>734 - 7th Avenue S.W.</street1>
                <street2>10th Floor</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 3P8</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Dale</firstName>
                <lastName>Hohm</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>734 - 7th Avenue S.W.</street1>
                <street2>10th Floor</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 3P8</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Huize</firstName>
                <lastName>Huang</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>600, 205 - 5th Avenue S.W.</street1>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 2V7</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Peter</firstName>
                <lastName>Kagan</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>466 Lexington Avenue</street1>
                <street2>10th Floor</street2>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10017-3147</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Jim</firstName>
                <lastName>Kearns</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>734 - 7th Avenue S.W.</street1>
                <street2>10th Floor</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 3P8</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>David</firstName>
                <lastName>Krieger</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>466 Lexington Avenue</street1>
                <street2>10th Floor</street2>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10017-3147</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Peter</firstName>
                <middleName>E.</middleName>
                <lastName>Lougheed</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>4500, 855 - 2nd Street S.W.</street1>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 4K7</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Ken</firstName>
                <lastName>Marsh</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>734 - 7th Avenue S.W.</street1>
                <street2>10th Floor</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 3P8</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>William</firstName>
                <lastName>McCaffrey</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>734 - 7th Avenue S.W.</street1>
                <street2>10th Floor</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 3P8</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Lloyd</firstName>
                <lastName>Swift</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1202 - 690 Princeton Way S.W.</street1>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 5J8</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Bryan</firstName>
                <lastName>Weir</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>734 - 7th Avenue S.W.</street1>
                <street2>10th Floor</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 3P8</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>David</firstName>
                <middleName>J.</middleName>
                <lastName>Wizinsky</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>734 - 7th Avenue S.W.</street1>
                <street2>10th Floor</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 3P8</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Oil and Gas</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2009-12-22</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Credit Suisse Securities (USA) LLC</recipientName>
                <recipientCRDNumber>816</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>11 Madison Avenue</street1>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <zipCode>10010</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NY</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Barclays Capital Inc.</recipientName>
                <recipientCRDNumber>19714</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>745 7th Avenue</street1>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <zipCode>10010</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NY</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Morgan Stanley &amp; Co. Incorporated</recipientName>
                <recipientCRDNumber>8209</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1585 Broadway</street1>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <zipCode>10036</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NY</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Harris Nesbitt Corp.</recipientName>
                <recipientCRDNumber>7299</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>3 Times Square</street1>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <zipCode>10036</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NY</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Scotia Capital (USA) Inc.</recipientName>
                <recipientCRDNumber>2739</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1 Liberty Plaza</street1>
                    <street2>165 Broadway</street2>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <zipCode>10006</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NY</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Deutsche Bank Securities Inc.</recipientName>
                <recipientCRDNumber>2525</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>60 Wall Street</street1>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <zipCode>10005</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NY</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>TD Securities (USA) LLC</recipientName>
                <recipientCRDNumber>18476</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>31 West 52nd Street</street1>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <zipCode>10019</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NY</state>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>10395708</totalOfferingAmount>
            <totalAmountSold>10395708</totalAmountSold>
            <totalRemaining>0</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>1</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>337861</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>MEG ENERGY CORP</issuerName>
                <signatureName>Dale Hohm</signatureName>
                <nameOfSigner>Dale Hohm</nameOfSigner>
                <signatureTitle>Chief Financial Officer</signatureTitle>
                <signatureDate>2010-01-05</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
