Murphy Oil Eyes Eagle Ford, Gulf of Mexico for Growth Projects, Holds Line on Capital Spending Plans

SUGAR LAND--July 31, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Murphy Oil Corporation (NYSE:MUR) (El Dorado, Arkansas) followed many other oil & gas producers in announcing net losses for second-quarter 2015, as dramatically lower sales prices more than offset the benefits of production growth. The company plans to shift focus to more profitable exploration assets, particularly in the Eagle Ford Shale and the Gulf of Mexico, while keeping capital-expenditure plans unchanged. Industrial Info is tracking $1.85 billion in projects involving Murphy Oil.

Within this article: Details on Murphy Oil's quarter and projects, including the construction of a bitumen oil production plant in Canada.