Murphy Oil spotlights Lac Da Vang project, targets first oil in 4Q 2026
MUR•Conference update and project outlook
Murphy outlined its strategy at the Barclays 40th Annual Energy-Power Conference.
- 2Q 2026 production totaled 169 MBOEPD; 50% oil, 7% NGLs, 43% natural gas.
- Liquidity stood at about $2.5 billion; free cash flow reached $110 million; leverage held at 0.9x.
- Capital spending guidance increased to a midpoint of $1.55 billion, citing Côte d’Ivoire activity, Eagle Ford acceleration, Chinook #8 work.
- Lac Da Vang remained on track for first oil in 4Q 2026; estimated gross recoverable resource of 100 MMBOE.
