A Look At Murphy Oil Corporation (NYSE:MUR) Malaysia E&P Operations


Dateline 2018-01-14, Hadeplatform (not to be confused with Hades Platform, you ‘The Good Place’ fans):

Malaysia E&P operations reported earnings of $67.7 million for the third quarter of 2017, compared to earnings of $65.0 million a year earlier. Favorable to Malaysia was higher average oil and natural gas prices.

However this was mostly offset by lower natural gas volume sold, higher lease operating expense, higher depreciation expense and higher income tax expense. Crude oil and natural gas sales volumes in Malaysia were lower in the 2017 quarter versus 2016, primarily due to a maintenance shutdown in Sarawak in 2017.

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