Last $53.42 USD
Change Today +1.69 / 3.27%
Volume 1.4M
MUR On Other Exchanges
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Company Description

Contact Info

200 Peach Street

PO Box 7000

El Dorado, AR 71731

United States

Phone: 870-862-6411

Fax:

Murphy Oil Corporation, through its subsidiaries, operates as an international oil and gas exploration and production company. The company’s exploration and production activities are subdivided into five geographic segments, including the United States, Canada, Malaysia, the Republic of the Congo, and all other countries. Exploration and Production The company’s exploration and production business explores for and produces crude oil, natural gas, and natural gas liquids worldwide. During 2013, the company’s principal exploration and production activities were conducted in the United States by wholly owned Murphy Exploration & Production Company – USA (Murphy Expro USA), in Malaysia, Indonesia, Suriname, Australia, Brunei, Cameroon, Vietnam, Equatorial Guinea, the Republic of the Congo, and the Kurdistan region of Iraq by wholly owned Murphy Exploration & Production Company – International (Murphy Expro International) and its subsidiaries, and in Western Canada and offshore Eastern Canada by wholly-owned Murphy Oil Company Ltd. (MOCL) and its subsidiaries. The company’s hydrocarbon production in 2013 was in the United States, Canada, Malaysia, the Republic of the Congo, and the United Kingdom. MOCL owns a 5% undivided interest in Syncrude Canada Ltd. in northern Alberta, a major producer of synthetic crude oil. United States In the United States, the company primarily has production of oil and/or natural gas from fields in the Eagle Ford Shale area of South Texas and in the deepwater Gulf of Mexico. The company holds a 60% interest in Medusa in Mississippi Canyon Blocks 538/582, and 62.5% working interests in the Front Runner field in Green Canyon Blocks 338/339 and the Thunder Hawk field in Mississippi Canyon Block 734. The company has a 70% working interest in the Dalmatian properties. As of December 31, 2013, the company had total proved reserves for Gulf of Mexico fields of 29.1 million barrels of oil and 77 billion cubic feet of natural gas. The company has acquired rights to approximately 164 thousand gross acres in South Texas in the Eagle Ford Shale unconventional oil and gas play. The company has eight active drilling rigs and three hydraulic fracturing teams operating in the Eagle Ford in early 2014. As of December 31, 2013, the company’s proved reserves in the Eagle Ford Shale area totaled 185.3 million barrels of oil and 104 billion cubic feet of natural gas. Canada In Canada, the company owns an interest in three non-operated assets – the Hibernia and Terra Nova fields offshore Newfoundland in the Jeanne d’Arc Basin and Syncrude Canada Ltd. in northern Alberta. In addition, the company owns interests in one heavy oil area and two natural gas areas in the Western Canadian Sedimentary Basin (WCSB). The company has a 6.5% working interest in Hibernia, while at Terra Nova the company’s working interest is 10.475%. As of December 31, 2013, total proved oil reserves at Hibernia and Terra Nova were approximately 14.3 million barrels and 8.4 million barrels, respectively. The company owns a 5% undivided interest in Syncrude Canada Ltd., a joint venture located approximately 25 miles north of Fort McMurray, Alberta. Syncrude utilizes its assets, which include three coking units, to extract bitumen from oil sand deposits and to upgrade this bitumen into a high-value synthetic crude oil. As of December 31, 2013, total proved reserves for Syncrude were 117 million barrels. The company has 133 thousand net acres of mineral rights in the Montney area, described as Tupper and Tupper West. It has 326 thousand net acres of mineral rights in the Seal area located in the Peace River oil sands area of Northwest Alberta. As of December 31, 2013, total WCSB proved oil and natural gas reserves, excluding Syncrude, were 16 million barrels and 549 billion cubic feet, respectively. Malaysia In Malaysia, the company has majority interests in seven separate production sharing contracts (PSCs). The company serves as the operator of all these areas other than the unitized Kakap-Gumusut field. The production sharing contracts cover approximately 2.87 million gross acres. The company has an 85% interest

 

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MUR

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Price/Earnings 12.5x
Price/Sales 1.7x
Price/Book 1.1x
Price/Cash Flow 4.0x
TEV/Sales 0.8x
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