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Murphy Ups 2H16 Eagle Ford Completions
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Murphy Oil announced its third quarter 2016 report, including a net loss of $16.2 million, or $0.09 per diluted share.
Key Points:Eagle Ford:
23 wells brought on-line in Q3 (up from 8 in Q2 / down 64% from Q3 2015) 17 completions planned for Q4Murphy originally planned to complete 22 wells in the second half of 2016 - so with Q3 totals and the estimated Q4 completions, this estimate has increased to 40 completions (an increase of over 80%).
Montney:
Four previously drilled wells were brought online Highlights: Produced volumes over 169.8 Mboepd in the third quarter (compared to 168.6 Mboepd in Q2) Lowered G&A expense by 23 percent from third quarter 2015 Continued successful employment of high-intensity fracs in the Eagle Ford Shale Commenced well flow back on a four well pad in…- ✓ Full news archive — U.S., Canada & international coverage
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