Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the second quarter ended June 30, 2018, including net income of $46 million, or $0.26 per diluted share.
Financial highlights for the second quarter include:
- Generated adjusted income of $63 million, or $0.36 per diluted share
- Achieved annualized year-to-date EBITDA to average capital employed of 20 percent
- Returned 13 percent of operating cash flow to shareholders through dividend
- Preserved balance sheet strength with 30 percent net debt to total capital employed ratio
- Maintained approximately $2.0 billion of liquidity
Operating highlights for the second quarter include:
- Produced 171,000 BOEPD, exceeding the high end of production guidance, with 59 percent liquids
- Increased mid-point of annual production guidance by 1,000 BOEPD to 169,500 BOEPD
- Successfully delineated existing pay zones in the Samurai Field with the Samurai-2 well and drilled additional successful zones in the exploration portion of the well
- Increased Kaybob Duvernay production by 108 percent, year-over-year
- Achieved average IP30 rates of 1,750 BOEPD at a Karnes 10-well pad in the Eagle Ford Shale, with seven of the wells producing at company-record peak rates
- Negotiated operatorship and increased working interest to 40 percent in Vietnam Block 15-1/05, which includes the previously discovered LDV Field
Brazil Energy Insight 
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