Murphy Anticipates Petrobras Deal Closing in 4Q, Adding 41 Mboe/d to Its Output
Murphy delivered average volumes of 169 mboe/d in the third quarter, which was 10% higher year over year and above the high end of guidance (due to outperformance in the Tupper Montney and Sarawak areas in Canada and Malaysia, respectively). Realized prices nudged higher on a weighted-average basis, with very strong Eagle Ford prices offsetting widening differentials in Canada and Malaysia. On the cost side lease operating expenses fell to a 2018 low of $8.6/boe, but total unit costs ticked up s...Murphy Oil is a holding company. Through its subsidiaries, the company is an oil and natural gas exploration and production company. The company explores for and produces crude oil, natural gas and natural gas liquids worldwide. The company's principal exploration and production activities are conducted in United States by wholly owned Murphy Exploration & Production Company - USA and its subsidiaries, in Canada by wholly-owned Murphy Oil Company Ltd. and its subsidiaries, and in Australia, Brazil, Brunei, Mexico and Vietnam by wholly-owned Murphy Exploration & Production Company - International and its subsidiaries. The company's hydrocarbon production is in United States, Canada and Brunei.
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