Murphy Oil plans to curb May output by 40,000 bpd, moves HQ to Houston

Oil and gas company Murphy Oil plans to reduce its output in May by 40,000 barrels of oil equivalent per day, with the majority planned from offshore wells. Murphy is also closing two of its offices and making its office location in Houston the new corporate headquarters.

For the month of April 2020, production averaged approximately 179 thousand barrels of oil equivalent per day (mboepd), while approximately 7 mboepd was not produced due to curtailments and shut-ins primarily onshore.

Continue reading

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.