Top Story | Deals - Acquisition, Mergers, Divestitures | Production Rates
Murphy Finalizes $1.227B Acquisition of Deepwater GOM Assets
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Murphy Oil Corp. has finalized its $1.227B deepwater GOM acquisition with LLOG Exploration. The transaction was previously announced on April 23, 2019, with an effective date of January 1, 2019.
Production Update
During the month of June, after accounting for a planned curtailment from a third-party downstream pipeline outage, the average net production for the acquired assets is expected to be approximately 22,000 to 24,000 Boepd.
Following the temporary downstream pipeline outage, Murphy anticipates production for the acquired assets for the second half of the year to be 31,000 to 33,000 Boepd, which is in line with previously disclosed annualized production of 32,000 to 35,000 Boepd.
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