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Company Description

Contact Info

300 Peach Street

PO Box 7000

El Dorado, AR 71731

United States

Phone: 870-862-6411

Fax:

Murphy Oil Corporation operates as an oil and gas exploration and production company. The company’s exploration and production activities are subdivided into four geographic segments, including the United States, Canada, Malaysia 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. The company’s exploration and production management team directs its worldwide exploration and production activities. This business maintains upstream operating offices in other locations around the world, with the most significant of these including Houston, Texas, Calgary, Alberta and Kuala Lumpur, Malaysia. During 2015, 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, Australia, Brunei, Vietnam, and Namibia 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. MOCL owns a 5% undivided interest in Syncrude Canada Ltd. in northern Alberta. In 2014 the company sold 20% of its interests in Malaysia; a further sale of an additional 10% of its interests in Malaysia was completed in 2015. United States In the United States, the company primarily has production of crude oil, natural gas liquids and natural gas from fields in the Eagle Ford Shale area of South Texas and in the deepwater Gulf of Mexico. The company produced 70,675 barrels of crude oil and gas liquids per day and approximately 87 million cubic feet of natural gas per day in the U.S. in 2015. The company holds rights to approximately 157 thousand gross acres in South Texas in the Eagle Ford Shale unconventional oil and gas play. Total 2015 oil and natural gas production in the Eagle Ford area was 54,883 barrels per day and approximately 38 million cubic feet per day, respectively. As of December 31, 2015, the company’s proved reserves in the Eagle Ford Shale area totaled 207.9 million barrels of crude oil, 32.1 million barrels of natural gas liquids, and 166 billion cubic feet of natural gas. The company holds a 70% interest in Dalmatian in DeSoto Canyon Blocks 4, 48 and 134, 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. As of December 31, 2015, the company had total proved reserves for Gulf of Mexico fields of 34.2 million barrels of oil and gas liquids and 66 billion cubic feet of natural gas. Total U.S. proved reserves at December 31, 2015 were 238.9 million barrels of crude oil, 35.4 million barrels of natural gas liquids, and 232 billion cubic feet of natural gas. Canada In Canada, the company holds one wholly-owned heavy oil area and one wholly-owned natural gas area in the Western Canadian Sedimentary Basin (WCSB). In addition, the company owns interests 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. Daily production in 2015 in the WCSB averaged 5,456 barrels of mostly heavy oil and approximately 197 million cubic feet of natural gas. The company has 101 thousand net acres of Montney mineral rights, which includes the Tupper natural gas producing area located in northeast British Columbia. The company has 267 thousand net acres of mineral rights in the Seal field located in the Peace River oil sands area of northwest Alberta. Oil and natural gas daily production for 2016 in Western Canada, excluding Syncrude, is expected to average 3,600 barrels and approximately 212 million cubic feet, respectively. Total WCSB proved liquids and natural gas reserves at December 31, 2015, excluding Syncrude, were approximately 4.6 million barrels and 894 billion cubic feet, respectively. The company has a 6.5% working interest in Hibernia,

 

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Price/Sales 2.4x
Price/Book 1.0x
Price/Cash Flow 3.5x
TEV/Sales 1.1x
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