In 2013, Murphy Oil originally planned Eagle Ford production of ~30,000 boe/d, but the company blew through that goal and produced an average of 39,000 boe/d for the year.
Murphy's fourth quarter total oil production rose from 132,918 b/d in 2012 to 139,660 b/d in 2013 or an increase of 5%. The Eagle Ford was the primary contributor to oil production growth.
The company's average oil production was 135,078 b/d in 2013, an increase of ~20% compared to the 2012 level of 112,591 b/d.
With oil production growth of 20%, it's easy to see the significant impact oil plays like the Eagle Ford.
Murphy Oil at a Glance in 2013
- Significant Production Growth in Eagle Ford in 2013
- 39,000 net boe/d in Eagle Ford in 2013
- ~5% Q4 oil production increase to 139,660 b/d
- ~20% total year oil production increase to 135,078 b/d
Murphy Oil's Eagle Ford Production in 2013
Murphy has outperformed in the Eagle Ford. At the beginning of 2013, the company had a target of 30,000 boe/d in the formation.
The company's Eagle Ford production in 2013 well surpassed its goal, hitting 39,000 boe/d. That's 30% higher than the company planned.
Murphy now expects to surpass 60,000 boe/d at some point in 2015.
Read more at Murphy.com