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Murphy Oil Corporation

Company Summary

Description

Murphy Oil Corporation is an international independent, nimble, persistent pursuer of crude oil, natural gas and natural gas liquids.

Website

http://www.murphyoilcorp.com/What-We-Do/

Operational Regions

  • Gulf of Mexico
  • Eagle Ford
  • Western Canadian Sedimentary Basin
  • Duvernay Formation
  • Montney Formation
  • Tupper Montney
  • Placid Montney
  • Fort McMurray Region
  • Syncrude Oil Sands
  • Jeanne d'Arc Basin
  • Middle Atlantic
  • Africa
  • Australia
  • Asia

Financial Data:

NYSE:MUR from Google Finance

Tickers:

  • MUR - New York Stock Exchange

Related Entities

Recent news

  • 2/9/2021 - Murphy Oil Makes Changes... (subscriber access)
  • 1/29/2021 - Murphy Oil Issues... (subscriber access)
  • 1/29/2021 - Murphy Oil Sanctions New... (subscriber access)
  • 1/29/2021 - Murphy Oil Forecasting... (subscriber access)
  • 1/29/2021 - Murphy Oil Issues 2021... (subscriber access)

Investor Presentations

  • 4Q20 Earnings Report
  • 2Q19 Investor Presentation (subscriber access)
  • 1Q19 Investor Presentation (subscriber access)
  • 4Q18 Investor Presentation (subscriber access)
  • 3Q18 Investor Presentation (subscriber access)
  • 2Q18 Investor Presentation (subscriber access)
  • Murphy Oil Corporation First Quarter 2018 Earnings Conference Presentation (subscriber access)
  • May 2018 Investor Update (subscriber access)
  • Scotia Howard Weil 2018 Energy Conference, Presented by Roger Jenkins, President & Chief Executive Officer (subscriber access)
  • Simmons 18th Annual Energy Conference, Presented by Roger Jenkins, President & CEO (subscriber access)
  • Credit Suisse 23rd Annual Energy Summit, Presented by Roger Jenkins, President & CEO (subscriber access)
  • Fourth Quarter 2017 Earnings Presentation (subscriber access)
  • Murphy Oil Corporation Third Quarter 2017 Earnings Conference Presentation (subscriber access)
  • Peters & Co Limited 21st Annual Energy Conference, Presented by Roger Jenkins, President & CEO (subscriber access)
  • Barclays CEO Energy-Power Conference 2017, Presented by Roger Jenkins, President & CEO (subscriber access)
  • Murphy Oil Corporation Second Quarter 2017 Earnings Conference Presentation (subscriber access)
  • 2Q17 Earnings Conference Call Slides (subscriber access)
  • 1Q17 Earnings Presentation (subscriber access)
  • 4Q16 Investor Presentation (subscriber access)
  • 3rd Quarter 2016 Earnings Presentation (subscriber access)
  • 1Q16 Supplemental Data (subscriber access)
  • 1Q16 Earnings Presentation (subscriber access)
  • March 2016 Weil Energy Conference (subscriber access)

Company Transactions

Date: 6/30/2019
Type: Acquisition

SELLERS:
  • Ophir Energy PLC
  • DETAILS:

    COST: 15 $MM

    NOTES:
    Murphy Oil acquired a proportionate share of Ophir's interest in Block 5 for roughly $15 million, resulting in 40% working interest.
    REGIONS:
  • Gulf of Mexico
  • Date: 6/30/2019
    Type: Acquisition

    DETAILS:

    COST: 20 $MM

    NOTES:
    Murphy oil sold non-core North Midland Basin acreage in Dawson County for roughly $20 million in 2Q19.
    REGIONS:
  • Midland Basin
  • Date: 1/1/2019
    Type: Acquisition

    DETAILS:

    COST: 1.375 $B

    VOLUMES: 38 MBOE/d

    NOTES:
    Murphy Oil entered into a definitive agreement to acquire deep water Gulf of Mexico assets from LLOG Exploration Offshore and LLOG Bluewater Holdings for $1.375 billion.

    Date: 1/1/2019
    Type: Acquisition

    NOTES:
    Murphy Oil reported the sale of its two primary Malaysian subsidiaries, Murphy Sabah Oil and Murphy Sarawak Oil to PTT Exploration and Production Public Company for $2.1 billion.
    REGIONS:
  • Asia
  • Date: 10/1/2018
    Type: Joint Venture

    DETAILS:

    COST: 900 $MM

    VOLUMES: 41 MBOE/d

    NOTES:
    Murphy Oil and Petrobras entered into a definitive agreement to form a new joint venture comprised of Gulf of Mexico assets from Murphy and Petrobras with Murphy overseeing operations. The deal contains an effective date of October 1, 2018, and is expected to close by year-end 2018. Murphy Oil will pay $900 million to Petrobras, who will earn an additional contingent consideration of up to $150 million if certain price and production thresholds are exceeded between 2019-2025. The deal also sees Murphy receive 41 Mboe/d to their Gulf of Mexico production while also adding roughly 60 MMboe of proven reserves and 86 MMboe of proven and profitable reserves (97% oil).
    REGIONS:
  • Gulf of Mexico
  • Date: 9/30/2017
    Type: Acquisition

    DETAILS:

    COST: 52.7 $MM

    ACRES: 31000 Acres

    REGIONS:
  • Midland Basin
  • Date: 6/23/2016
    Type: Acquisition

    ASSETS:
  • Syncrude Canada
  • DETAILS:

    COST: 937 $MM

    VOLUMES: 17.5 MBOE/d

    NOTES:
    5% interest in Syncrude JV
    REGIONS:
  • Western Canadian Sedimentary Basin
  • Date: 5/13/2016
    Type: Joint Venture

    NOTES:
    JV to develop assets in the regions mentioned
    REGIONS:
  • Athabasca Oil Sands
  • Duvernay Formation
  • Montney Formation