HighGravityDataMurphy Oil — Nov 7, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000717423-24-000036
Showing in the filing
Planned senior notes call
“$79 million”
Period
Q4 FY2024
Measure
Company-defined measure
Source
Prose
All guidance in this release · 35
Remaining share repurchase authorization
“$650 million”
Planned senior notes call for Q4 FY2024
“$79 million”
Accrued CAPEX range for FY2024
“$920 million to $1.02 billion”
Production range for FY2024
“180 to 182 MBOEPD, consisting of approximately 50 percent oil and 55 percent liquids volumes”
Production range for FY2024
“180 to 182 MBOEPD”
Oil mix for FY2024
“approximately 50 percent oil”
Liquids mix for FY2024
“55 percent liquids volumes”
Production for Q4 FY2024
“181.5 to 189.5 MBOEPD with 94 MBOPD, or approximately 51 percent, oil volumes”
Production estimate for Q4 FY2024
“181.5 to 189.5 MBOEPD”
Oil volumes for Q4 FY2024
“94 MBOPD, or approximately 51 percent, oil volumes”
Minimum shareholder return allocation of adj… for the long term
“a minimum of 50 percent of adjusted free cash flow”
Total long-term debt goal for the long term
“$1.0 billion”
Eagle Ford Shale - Oil (BOPD) for Q4 FY2024
“24,200”
Eagle Ford Shale - NGLs (BOPD) for Q4 FY2024
“4,800”
Eagle Ford Shale - Gas (MCFD) for Q4 FY2024
“27,300”
Eagle Ford Shale - Total (BOEPD) for Q4 FY2024
“33,600”
Gulf of Mexico excluding NCI - Oil (BOPD) for Q4 FY2024
“59,900”
Gulf of Mexico excluding NCI - NGLs (BOPD) for Q4 FY2024
“4,900”
Gulf of Mexico excluding NCI - Gas (MCFD) for Q4 FY2024
“60,500”
Gulf of Mexico excluding NCI - Total (BOEPD) for Q4 FY2024
“74,900”
Tupper Montney - Oil (BOPD) for Q4 FY2024
“400”
Tupper Montney - Gas (MCFD) for Q4 FY2024
“388,800”
Tupper Montney - Total (BOEPD) for Q4 FY2024
“65,200”
Kaybob Duvernay - Oil (BOPD) for Q4 FY2024
“2,400”
Kaybob Duvernay - NGLs (BOPD) for Q4 FY2024
“600”
Kaybob Duvernay - Gas (MCFD) for Q4 FY2024
“9,400”
Kaybob Duvernay - Total (BOEPD) for Q4 FY2024
“4,600”
Canada Offshore Oil (BOPD) for Q4 FY2024
“7,000”
Canada Offshore Total (BOEPD) for Q4 FY2024
“7,000”
Other - Total (BOEPD) for Q4 FY2024
“200”
Total net production (BOEPD) - excluding NCI for Q4 FY2024
“181,500 to 189,500”
Exploration expense ($ millions) for Q4 FY2024
“$38”
Total net production (BOEPD) - excluding NCI for FY2024
“180,000 to 182,000”
Capital expenditures – excluding NCI ($ mill… for FY2024
“$920 to $1,020”
Other - Oil (BOPD) for Q4 FY2024
“200”
Exhibit 99.1 · the passage around this item
… earlier in the release
2 As previously announced, subsequent to the third quarter Murphy issued $600 million of 6.000 percent senior notes due 2032. Proceeds were used to redeem $259 million of senior notes due 2027, $200 million of senior notes due 2028 and $62 million of senior notes due 2029, totaling $521 million. Murphy plans to call the remaining $79 million of senior notes in fourth quarter 2024 to achieve a debt-neutral transaction. Also subsequent to the third quarter, Murphy entered into a new five-year, $1.2 billion senior unsecured credit facility, representing a 50 percent increase from the previous facility size, or $400 million of additional liquidity. OPERATIONS SUMMARY Onshore In the third quarter of 2024, the onshore business produced approximately 109 MBOEPD, which included 29 percent liquids volumes. Eagle Ford Shale – Production averaged 32 MBOEPD with 72 percent oil volumes and 86 percent liquids volumes in the third quarter. Murphy brought online five operated Tilden wells as planned, in addition to three non-operated Karnes wells and nine non-operated Tilden wells during the quarter. Tupper Montney – During the third quarter, natural gas production averaged 429 million cubic feet per day (MMCFD), which exceeded guidance by approximately 11 MMCFD primarily due to stronger well performance. Kaybob Duvernay – Production averaged 5 MBOEPD with 73 percent liquids volumes in the third quarter. Offshore Excluding NCI, in the third quarter of 2024, the offshore business produced approximately 75 MBOEPD, which included 81 per
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.