Monday, June 16, 2025

Murphy Turns to Eagle Ford, GOM after $2.1 Billion Sale to Depart Malaysia

Sale ends Murphy’s 20-year Malaysian history By Richard Rostad, analyst, Oil & Gas 360 Murphy Oil (ticker: MUR) announced a major divestiture today, selling the company’s Malaysian assets to focus on its Eagle Ford development. Murphy will sell its entire Malaysian portfolio, consisting of three offshore fields in the eastern portion of the country. These assets produced 48 MBOEPD in

Latest Federal Lease Sale in the Gulf of Mexico Draws $244.3 Million in High Bids

High bids doubled 2017 sale The Department of Interior announced on March 20 that its region-wide Gulf of Mexico Lease Sale 252 generated $244,299,344 in high bids for 227 tracts covering 1,261,133 acres in federal waters of the Gulf of Mexico. By comparison, Lease Sale 251, the last lease sale before March 20, 2019, generated $178 million in high bids.