Murphy Oil (MUR) Unit Enters Agreement to Divest Montney Midstream Assets in C$538M Deal
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/21/2026
Go back to Murphy Oil (MUR) Unit Enters Agreement to Divest Montney Midstream Assets in C$538M Deal
January 27, 2016 5:19 PM EST
EL DORADO, Arkansas, January 27, 2016 - Murphy Oil Corporation (NYSE: MUR) today announced that its Canadian subsidiary, Murphy Oil Company Ltd. ("MOCL"), has signed a definitive agreement with Enbridge G&P Limited Partnership, a subsidiary of Enbridge Inc., ("Enbridge") to divest natural gas processing and sales pipeline assets that support Murphy's Montney natural gas fields in the Tupper and Tupper West areas of northeastern British Columbia. The transaction includes the sale of... More
January 27, 2016 5:10 PM EST
EL DORADO, Arkansas, January 27, 2016 - Murphy Oil Corporation (NYSE: MUR) today announced its preliminary financial and operating results for the fourth quarter and full-year ended December 31, 2015, including a net loss of $587.1 million, or $3.41 per diluted share during the quarter. The net loss during the fourth quarter includes a non-cash impairment of oil and natural gas properties of $192.2 million, or $123.5 million net of tax, deepwater rig contract exit costs of $282.0 million, or $183.3 million net of tax, and... More
