MUR News and Press, Murphy Oil Corporation From 04/10/19

The oil majors (and Kuwait) paid up to get into the West Duvernay: Chevron ( CVX ) made a splash buying into the Kaybob area (West) Duvernay in 2013, paying just under $1 billion for 67,900 net acres, or just under $15,000 per acre. Production through Pembina's ( PBA ) facilities should c...

2019 Sustainability Report Reinforces the Strategic Importance of Responsible Oil and Natural Gas Development While Investing in Local Communities Murphy Oil Corporation (NYSE: MUR) today announced that it released its 2019 Sustainability Report. The inaugural online report provides...

Athabasca Oil ( OTCPK:ATHOF ) announced a cash hoard of C$468 million during the end of the fiscal year press release. That cash offset a considerable amount of debt. Pro forma net debt was C$292 million. This company has a great record buying and selling properties and in production. Theref...

Investment thesis Murphy Oil Corp. ( MUR ) decided to exit Malaysia by selling its assets to PTT Exploration and Production ( PEXNY ) for $2.13B, which represents a full monetization of its 2P (Proved and Probable) reserves. Although the deal is positive because it materializes the firm&#x...

Murphy Oil ( MUR -0.3% ) CEO Roger Jenkins says the company will be looking to exit from other parts of its Asia-Pacific portfolio now that it is selling its Malaysian business to PTT Exploration & Production for $2.1B. More news on: Murphy Oil Corporation, Energy stock...

Right now, the oil and gas industry is undergoing a period I like to refer to as a rearrangement. Firms like Exxon Mobil Corporation ( XOM ) and Chevron ( CVX ), for instance, continue to rearrange their operations, many of them placing a greater emphasis on opportunities within the United...

Murphy Oil (NYSE: MUR )  +1.8% pre-market after agreeing to sell its Malaysian oil and gas assets to Thailand's PTT Exploration & Production for $2.127B plus up to a $100M bonus payment contingent upon certain future exploratory drilling results prior to October 2020. More...

Strategic Exit from Malaysia Simplifies the Company and Enables Enhanced Focus on Western Hemisphere Assets Cash Proceeds Will be Allocated to Share Repurchases, Debt Reduction and Support Sustained Oil-Weighted Growth Board Authorizes $500 Million Share Repurchase Pro...

“ If you know the enemy and know yourself, you need not to fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle. ” - Su...

Murphy Oil (MUR) posted the highest income in four years. This capped a dramatic comeback from the big oil price downturn a few years back. The company also announced a fantastic deal to acquire a working interest in several Gulf of Mexico properties (while forming the Murphy Gulf of Mexico ...