-- Murphy Oil (MUR) Wednesday said its Q1 hydrocarbon production of 174,236 barrels of oil equivalent per day exceeded guidance due to strong performance in the Eagle Ford Shale and high uptime in the Gulf of Mexico, recognized by the US as the Gulf of America.
The quarterly production excludes noncontrolling interest of MP Gulf of Mexico, which is 80% owned by Murphy Oil. The Q1 output is higher relative to year-ago levels of 157,220 boe/d.
Murphy Oil said 15 wells in the Eagle Ford Shale were brought online during the period, boosting the 60-day cumulative oil production by 17% compared with the previous year's levels.
Accordingly, sales volume grew year over year to 173,354 boe/d from 157,996 boe/d.
The company reported that its Q1 revenue from US exploration and production rose to $575.5 million during the period, versus $509.5 million in the same quarter of 2025.
In Canada, however, it generated $155.2 million in revenue, down from the prior year's $165.7 million.
Murphy Oil projects its net production in Q2 to average between 161,000 boe/d and 169,000 boe/d, with full-year guidance ranging from 167,000 boe/d to 175,000 boe/d.