Murphy Oil Corporation completed a small Eagle Ford Shale acquisition for a contract price of $23 million, subject to certain post-closing adjustments. The transaction closed on July 1, 2025, with an effective date of June 15, 2025.
This acquisition increases Murphy Oil's working interest in its existing Karnes County business, an area where the company already operates. Management noted that this highly accretive acquisition enhances their position in a key asset.
The company has historically screened many Eagle Ford Shale acquisition opportunities, and this particular deal was identified as being as good as or better than its existing business. This strategic addition reinforces Murphy Oil's focus on optimizing its core onshore assets.
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