Sunday, May 3, 2026

MEG Energy significantly reduces overall cost structure, enabling positive cash flow at low commodity prices

Non-energy operating cost target reduced to $6.90 to $7.10 per barrel from $7.30 to $9.30 per barrel; All financial figures in C$ unless otherwise noted CALGARY, AB–(Marketwired – October 28, 2015) – MEG Energy Corp. (TSX: MEG) today reported third quarter 2015 operating and financial results. Highlights include: Net operating costs of $9.10 per barrel, supported by record-low non-energy operating