Murphy Oil Corporation Announces Production Results for the Fourth Quarter and Full Year Ended December 31, 2023
January 25, 2024 at 06:00 am EST
Murphy Oil Corporation announced production results for the fourth quarter and full year ended December 31, 2023. For the quarter, production averaged 185,000 barrels of oil equivalent per day and included 51% oil volumes, or 94,000 barrels of oil per day. Production for the quarter was in-line with guidance, with slightly lower Gulf of Mexico and Eagle Ford Shale production partially offset by lower realized royalty rates in the Tupper Montney asset.
For the year, Production averaged 186,000 barrels of oil equivalent per day and included 52% oil volumes, or 98,000 barrels of oil per day.