Oil and Gas 360 Publishers Note: Written By Michael Tanner – email: mtanner@enercominc.com
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
