John E. Simonett

Murphy Oil Corporation Announces Second Quarter 2023 Financial and Operating Results, Strategic Portfolio Repositioning

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Thursday, August 3, 2023
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Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the second quarter ended June 30, 2023, including net income attributable to Murphy of $98 million, or $0.62 net income per diluted share.

Key Points: 
  • Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the second quarter ended June 30, 2023, including net income attributable to Murphy of $98 million, or $0.62 net income per diluted share.
  • Second quarter production averaged 184 MBOEPD and consisted of 54 percent oil volumes, or 99 MBOPD.
  • The transaction has a March 1, 2023 effective date, with closing anticipated to occur in the third quarter of 2023.
  • Murphy accrued a total of $32 million in acquisition-related costs during the quarter, which will be paid in third quarter 2023.

Kiwetinohk Energy Corp. Announces Third Quarter 2021 Results, Operational Update and TSX Conditional Listing Approval

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Friday, November 26, 2021
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Key achievements since the beginning of the third quarter include:

Key Points: 
  • Key achievements since the beginning of the third quarter include:
    Kiwetinohk Resources Corp. (KRC) and Distinction Energy Corp. announced an agreement to combine on June 28, 2021 and form Kiwetinohk Energy Corp.
  • Production averaged 15,058 boe/d in the third quarter of 2021 with the legacy Distinction assets contributing approximately6,463boe/d.
  • All Kiwetinohks contracted Alliance pipeline capacity of 103.0 mmcf/d (after temporary assignments) was filled during the third quarter of 2021.
  • In conjunction with the conditional listing approval from the TSX, William (Bill) Slavin will be stepping down from the Board of Directors of the Corporation.