Operational Updates | Key Wells | Forecast - Production | Capital Markets | Capital Expenditure | Drilling Program - Wells | Capital Expenditure - 2018
Murphy Talks 2018 Development; Eagle Ford Activity Down -50% YoY; Duvernay Up
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Murphy reported its 2018 capital plans.
2018 Budget / Plans- 2018 Capex: $1,056 million (up +12% from $940 million spent in 2017)
For 2018, Murphy has allocated $650 million of capital (62%) to its North America onshore assets (down -18% from $791 million in 2017). No plans for the company's newly-acquired Midland Basin asset have been announced.- 2018 Production: Full year 2018 production to be in the range of 166 to 170 Mboepd (flat from 2017)
- Well Plans: The company has only announced well plans for its Eagle Ford and Duvernay assets.
Eagle Ford: TIL 38 wells in 2018 vs 78 Wells In 2017. Kaybob Duvernay: Drill 17 wells TIL 23 wells Budget Breakdown: US Onshore: $348 million (33%) - $330 million Eagle Ford / $18 million unnamed Other Canada Onshore: $300 million (29%) M…- ✓ Full news archive — U.S., Canada & international coverage
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