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
Production range
“180 to 182 MBOEPD”
Period
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
He will remain with Murphy in a non-executive role as an advisor until his retirement on December 31, 2025. 2024 CAPITAL EXPENDITURE AND PRODUCTION GUIDANCE Murphy maintains its 2024 accrued CAPEX range of $920 million to $1.02 billion. The company is tightening its full year 2024 production range to 180 to 182 MBOEPD, consisting of approximately 50 percent oil and 55 percent liquids volumes. As previously disclosed, the company expects to be at the lower end of the production range due to operational impacts in the Gulf of Mexico and at non-operated Terra Nova. Production for fourth quarter 2024 is estimated to be in the range of 181.5 to 189.5 MBOEPD with 94 MBOPD, or approximately 51 percent, oil volumes. This includes 1.5 MBOEPD of planned onshore downtime and 1.0 MBOEPD of planned downtime for maintenance at non-op Terra Nova. Both production and CAPEX guidance ranges exclude NCI. “We achieved a significant milestone this year as we reached Murphy 3.0 of our capital allocation framework. This allowed us to increase our shareholder returns through additional share repurchases after previously raising our dividend in first quarter 2024. Additionally, we extended the maturity profile of our debt and enhanced our liquidity position with a 50 percent increase in our senior unsecured credit facility,” said Eric M. Hambly, President and Chief Operating Officer. “As we look to 2025, I am excited to increase shareholder returns, progress our Vietnam development project and announce exploration resu
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.