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Murphy Oil to accelerate Eagle Ford activity in 2019
Murphy Oil plans to increase its Eagle Ford activity in 2019. Capex has been increased 40% YOY to $600 million, consisting of $470 million for D&C and $130 million for field development and participating in nine non-operated wells. The company plans to drill 90 operated wells in the area, which is 80% more than in 2018. In Q1, Murphy will bring 14 Eagle Ford wells online, while 31 will be turned to sale in Q2, 25 in Q3......
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