Record Production Levels
Murphy Oil delivered a sequential increase in production to 190,000 barrels of oil equivalents per day, which was above the high end of the guidance.
Cost Efficiency Achievements
Second quarter CapEx of $251 million and lease operating expenses of $11.80 per barrel were both better than quarterly guidance.
Successful Workover Operations
Completed and returned to production the Samurai #3 workover and completed the Khaleesi #2 workover early in the third quarter.
Exploration and Appraisal Initiatives
Global exploration teams are set to explore prospects across 3 continents, testing more than 500 million to 1 billion barrels of oil equivalent in unrisked resource potential.
Eagle Ford Shale Success
Delivered 30% higher performance on a 2-month cumulative oil basis in Eagle Ford compared to past activities.
Improved Financial Structure
Achieved greater than $700 million of cumulative cash cost savings since 2019, with a significant reduction in G&A and bond interest expenses.