Operator · Montney Shale
Murphy Oil Corp
80 articles mentioning Murphy Oil Corp · Page 2 of 4
Murphy Oil to Keep 2021 Spending, Production Near 2020 Levels
In its presentation at the Goldman Sachs Global Energy Conference, Murphy Oil Corp. outlined its capital and production plans for 2021. The company noted that it largely plans to keep spending and production flat to 2020...
Murphy Oil Third Quarter 2020 Results
Murphy Oil Corp. reported its Q3 2020 results. Murphy reported a net loss attributable to Murphy of $244 million, or $1.59 net loss per diluted share. Adjusted net loss, which excludes discontinued operations and other one-off...
Murphy Oil Second Quarter 2020 Results; Trims Another $40MM from Capex
Murphy Oil Corp. reported its Q2 2020 results. The company reported a net loss of $317 million, or $2.06 net loss per diluted share. Adjusted net loss, which excludes discontinued operations and other one-off items, was...
From the Presentation Manager: Key Slides from EOG, Devon, Murphy, Laredo
This week, we pulled several key slides from our Presentation Manager. They are from the latest presentations of several E&Ps, including: EOG Resources, Murphy Oil Corp., Laredo Petroleum and Devon Energy Corp. EOG Resources EOG does...
Murphy Talks Eagle Ford, GOM 2020 Updated Program
In its June 2020 presentation, Murphy Oil Corp. detailed recent developments aimed at financial preservation - including major G&A spending cuts. The company also updated its 2020 operational plan in the Eagle Ford, including no completions...
Insider Activity: Murphy, Callon, Penn Virginia Execs Stock Transactions: 6/10/20
Today on Insider Transactions We see that Christopher sold 54% of his total holdings in Murphy Oil. Mangrove Partners, who owns 11% of the Penn Virginia also sold 597,131 shares.
Murphy Oil Announces Departure of Two Execs
Murphy Oil Corp. announced that Walter K. Compton, Executive Vice President and General Counsel, will retire from the company effective June 1, 2020. The company also announced that Michael K. "Mike" McFadyen, Executive Vice President, Offshore,...
Murphy Oil First Quarter 2020 Results
Murphy Oil Corp. reported its Q1 2020 results. Murphy reported a net loss attributable to Murphy of $416 million, or $2.71 net loss per diluted share. Adjusted net loss, which excludes discontinued operations and other one-off...
Murphy Consolidates All Offices to New Houston HQ; Lowers Exec Salaries, Capex Cut 50%
Due to low commodity prices, Murphy Oil Corp. is closing its HQ offices in El Dorado, Arkansas, as well as its office in Calgary, Alberta, Canada. Office Closures Approximately 190 employees were based in those two...
Murphy Oil CEO Back from Medical Leave
Murphy Oil Corp. reported that Roger W. Jenkins, President and Chief Executive Officer, has recovered and resumed his responsibilities with the company as President and Chief Executive Officer following his temporary medical leave. David R. Looney,...
Murphy Oil Cuts Exec Salaries, Cash Retainers; Lowers 2020 Capex Again
Murphy Oil Corp. has announced further cost-cutting initiatives including salary reductions and another cut to its 2020 capex. Cuts Another $170MM from Capex Murphy has made an additional reduction in the 2020 capital plan down to...
Murphy Oil CEO on Medical Leave; CFO Takes Helm
Murphy Oil Corp. announced that its President & CEO Roger W. Jenkins has, pending test results, a presumptive diagnosis of COVID-19, and has taken a temporary medical leave. He is expected to completely recover, however, in...
Eagle Ford Operator Cuts Budget 35%, Shuts Down ALL Rigs, Frac Crews
Murphy Oil Corp. reported the following changes to its capital program. 1. Cut capital budget to $950 million, down $500 million from the initial guidance. The company is currently operating 3 rigs in the Eagle ford...
Murphy IDs 2020 Capex; Axes Canadian Spending in Favor of Eagle Ford, GOM
Murphy Oil Corp. has detailed its 2020 capital plans. The biggest change YOY is that Murphy is ramping up its Eagle Ford and GOM spending while its Canadian operations (Montney / Duvernay) are getting cut. 2020...
Murphy Oil Reports Q3 2019 Results
Murphy Oil Corp. reported its Q3 2019r results. As previously announced, Murphy closed the Malaysia asset divestiture in the third quarter for $2.0 billion in cash proceeds. These assets were reported as "discontinued operations" and classified...
Murphy Adds Former Chevron VP to Board of Directors
Murphy Oil Corp.'s board of directors has approved the election of Robert N. Ryan Jr. as director, effective October 1, 2019. About Ryan Prior to his retirement in 2018, Mr. Ryan was Vice President of Global...
Murphy Oil Details Q2 2019 Ops, Results
Murphy Oil Corp. reported financial and operating results for the quarter ended June 30, 2019, including net income attributable to Murphy of $92 million, or $0.54 per diluted share. Adjusted net income, which excludes discontinued operations...
Murphy Finalizes $1.227B Acquisition of Deepwater GOM Assets
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...
Murphy Cuts Duvernay Well Program 42% for 2019; Q1 Output Hit by Eagle Ford Delay
Murphy Oil reported its Q1 2019 results. Cuts Duvernay Plans for 2019 by 42% As a result of reviewing land retention plans and capital allocation, Murphy has elected to drill and complete fewer wells in the...
Shell Top Spender in Latest GOM Lease Sale with $94MM in Bids
Shell snapped up the majority of from the latest Gulf of Mexico lease sale, according to the Bureau of Ocean Energy Management's (BOEM) reports on the sale. The company bid a total of $94 million on...