Oil and Gas 360 Publishers Note: Written By Michael Tanner – email: [email protected]

Capital expenditures were reduced by an additional $40m following 1Q results, Murphy Oil Corp. said in a presentation on its website.

Other items of note:

  • CAPEX down 50% from 2020 original forecast
  • General Expenses to drop 40% after staff cuts and board compensation adjustment
  • Produced resumed in June after shutdowns in April and May with current output @ 180 mboepd
  • No debt maturities until mid 2022

 


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