Murphy Oil Corporation Announces First Quarter 2024 Financial and Operational Results, Reaffirms 2024 Production and Capital Expenditure Guidance Ranges
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Giovedì, Maggio 2, 2024
Energy, Other Energy, Oil, Gas, Internet, Duvernay, Keathley, EDT, MP, News, Depreciation, Eagle Ford Group, Murphy Oil, CALL, CAPEX, Public expenditure, Tax, AECO, Daenerys Targaryen, NCI, Share repurchase, MUR, Telephone, GAAP, Growth, Calendar, Green
Eagle Ford Shale – Production averaged 29 MBOEPD with 71 percent oil volumes and 86 percent liquids volumes in the first quarter.
Key Points:
- Eagle Ford Shale – Production averaged 29 MBOEPD with 71 percent oil volumes and 86 percent liquids volumes in the first quarter.
- As planned, Murphy completed drilling its 13-well program during the quarter, with all wells coming online in second quarter 2024.
- Excluding NCI, in the first quarter of 2024, the offshore business produced approximately 79 MBOEPD, which included 84 percent oil.
- Production for second quarter 2024 is estimated to be in the range of 176 to 184 MBOEPD with 93 MBOPD, or 51 percent, oil volumes.