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Murphy Adds Wells in the Eagle Ford, Montney; Hits Snag in GOM
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Murphy Oil Corp. has reported its second quarter 2015 results.
Second quarter 2015 highlights were as follows: Completed the sale of the remaining U.K. downstream assets. Initiated a $250 million stock repurchase on May 20, 2015 and completed it on July 7, 2015 with 5,967,313 shares retired. Achieved first production ahead of schedule and on budget from the two-well Medusa subsea expansion. Completed the first of two subsea wells ahead of schedule in the Kodiak development with drilling results to plan. Completed five-well drilling campaign at Belum gas field offshore Sarawak, Malaysia. Delivered 36 new wells online in the Eagle Ford Shale (EFS). Achieved above plan second quarter production from the Montney with new well completions from the first quarter. Reduced the…- ✓ Full news archive — U.S., Canada & international coverage
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