Murphy Oil Corporation Chooses Afenexus Application Screenshot for Murphy Oil Inc

Total Page：16

File Type：pdf, Size：1020Kb

Pandell Software Solution case study Murphy Oil Corporation Chooses AFENexus Application Screenshot For Murphy Oil Inc. Overview Results Murphy Oil Exploration & Production In early 2012, a project team mapped Company USA (Murphy EXPRO) is a out Murphy EXPRO’s specific business world leader in crude oil and natural gas workflow and determined the system production. In 2011, the Houston based configuration needs and implementation company was producing 35,000 BOE/day requirements. Within a short time, and managing over 1,000 AFEs annually. AFENexus went live to 190 Murphy EXPRO The company’s existing AFE approval personnel. Since its launch the company process consisted of manual practices that has electronically created, managed, and utilized spreadsheets and travelling paper approved 60 to 100 AFEs per week. In total, Murphy Oil Corporation files. The workflow was painfully slow Murphy EXPRO created and approved over and required personnel to routinely track 1,400 AFEs in 2012 using AFENexus. down each AFE as it journeyed through 11 Murphy Oil Corporation is world leader different layers of field and office approvers. Henfy Alison, Financial Controller at in crude oil and natural gas exploration Not surprisingly, it took weeks for a single Murphy EXPRO, was a key member of the and production. Business activities are AFE to finally be approved. project team and applauded Pandell for conducted by wholly-owned subsidiaries its well-groomed product implementation while Murphy Oil Corporation acts as a To better track its capital project process, experienced project management holding company. expenditures, Murphy EXPRO decided team, and effective feedback loop an electronic solution delivered via the with its stakeholders. “The service and Headquartered in El Dorado, Arkansas company’s intranet was the answer; and customization by the Pandell team was Murphy Oil Corporation has over 8,000 not just for its USA division, but for the fantastic,” said Mr. Alison. “AFENexus has employees worldwide. The enterprise company’s global operations. Several significantly reduced our AFE approval time, is readily recognized for its oil and gas competitive products were reviewed, taking it from 20-30 days, down to only producing operations in the United States, including AFENexus: Pandell’s web-based one day. I’m not sure how we could have Canada, the United Kingdom, Malaysia, AFE solution. AFENexus has been the survived without AFENexus this year!” and Republic of the Congo. corporate standard solution at Murphy Oil Company Ltd. (Canadian division), since Other Murphy EXPRO executives have 2004. praised AFENexus for its flexibility in conforming to the company’s unique In late 2011, Murphy Oil Corporation workflow, its easy web-access for field announced that it had selected AFENexus personnel, its custom reporting options, and as the sole authorized AFE management its outstanding call-center support. software solution for its global operations. About Pandell Pandell Technology Corporation is a software solutions company that’s been bringing T: 403.271.0701 F: 403.217.0730 industry specialized software products and business services to market since 1997. Today #400 - 4954 Richard Road SW we serve more than 55,000 users across hundreds of organizations in the oil and gas and Calgary AB Canada T3E 6L1 government sectors. Our competitive advantage is a unique combination of proprietary technology, deep industry expertise, and Software-as-a-Service (SaaS) pricing model..

Copy Link

Recommended publications

Murphy-Oil-Corp-4Q-2020-Earnings
2020 FOURTH QUARTER EARNINGS CONFERENCE CALL & WEBCAST JANUARY 28, 2021 ROGER W. JENKINS PRESIDENT & CHIEF EXECUTIVE OFFICER www.murphyoilcorp.com NYSE: MUR 0 Cautionary Statement & Investor Relations Contacts Cautionary Note to US Investors – The United States Securities and Exchange Commission (SEC) requires oil and natural gas companies, in their filings with the SEC, to disclose proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We may use certain terms in this presentation, such as “resource”, “gross resource”, “recoverable resource”, “net risked PMEAN resource”, “recoverable oil”, “resource base”, “EUR” or “estimated ultimate recovery” and similar terms that the SEC’s rules prohibit us from including in filings with the SEC. The SEC permits the optional disclosure of probable and possible reserves in our filings with the SEC. Investors are urged to consider closely the disclosures and risk factors in our most recent Annual Report on Form 10-K filed with the SEC and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K that we file, available from the SEC’s website. Forward-Looking Statements – This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified through the inclusion of words such as “aim”, “anticipate”, “believe”, “drive”, “estimate”, “expect”, “expressed confidence”, “forecast”, “future”, “goal”, “guidance”, “intend”, “may”, “objective”, “outlook”, “plan”, “position”, “potential”, “project”, “seek”, “should”, “strategy”, “target”, “will” or variations of such words and other similar expressions.
[Show full text]
Sustainability Report
2019 SUSTAINABILITY REPORT WORKING TOWARD AN INSPIRING FUTURE MURPHY OIL CORP 2019 SUSTAINABILITY REPORT 2 Murphy Oil at a Glance Murphy Oil Corporation is a global exploration and production company with oil and natural gas operations in the United States, Canada, Malaysia1 and Brunei. Headquartered in El Dorado, Arkansas, Murphy has over 1,300 employees around the world. The Company’s roots date back to the early 1920’s, when Charles H. Murphy, Sr., shifted the focus of the family business from banking and timber to oil. The Company has been publicly traded since 1956 and listed on the New York Stock Exchange since 1961. From the beginning, we have been committed to the highest standards of social and environmental performance in all our operations. Murphy’s company-wide health, safety and environmental (HSE) policy provides clear and consistent messaging: strive to achieve full compliance with environmental laws and standards, and create safe and rewarding work places while making positive contributions to the community. This commitment, along with our operational capability, make Murphy a preferred partner around the world. Murphy Production, Reserves and Exploration Footprint In 2018: Murphy is currently undertaking % U.S. & exploration projects and evaluating 70 Canada development options in Gulf of Mexico, Brazil, Vietnam, Australia, of production, and Gulf of Mexico and Malaysia1. Mexico Mexico % Vietnam 70 of proved reserves Brazil Australia were located in North America 2018 Fiscal Year Production 2018 Proved Reserves 57% Liquids Weighted 50% Oil 53% Oil 16% 26% 32% 171 171816 41% 43% MBOEPD MBOEPDMMBOE Natural Natural Gas 29% Gas 68% 29% 6% Natural Gas Liquids 7% Natural Gas Liquids U.S.
[Show full text]
Murphy Oil Corporation Annual Report 2020
Murphy Oil Corporation Annual Report 2020 Form 10-K (NYSE:MUR) Published: February 27th, 2020 PDF generated by stocklight.com UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-8590 MURPHY OIL CORPORATION (Exact name of registrant as specified in its charter) Delaware 71-0361522 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) 300 Peach Street, P.O. Box 7000, 71731-7000 El Dorado, Arkansas (Zip Code) (Address of principal executive offices) (870) 862-6411 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common Stock, $1.00 Par Value MUR New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
[Show full text]
Murphy Oil Corporation
Murphy Oil Corporation 2012 Annual Report Financial and Operating Highlights % Change % Change (Thousands of dollars except per share data) 2012 2011 2012–2011 2010 2011–2010 For the Year Revenues $ 28,626,046 $ 27,638,121 4% $ 20,036,150 38% Income from continuing operations 964,046 729,471 32% 749,080 -3% Net income 970,876 872,702 11% 798,081 9% Cash dividends paid – normal 228,288 212,752 7% 201,405 6% – special 486,141 — N/A — N/A Capital expenditures 4,383,986 2,943,812 49% 2,448,140 20% Net cash provided by operating activities 3,056,281 2,145,385 42% 3,128,558 -31% Average common shares outstanding – diluted (thousands) 194,669 194,512 0% 193,158 1% At End of Year Working capital $ 699,502 $ 622,743 12% $ 619,783 0% Net property, plant and equipment 13,011,606 10,475,149 24% 10,367,847 1% Total assets 17,522,643 14,138,138 24% 14,233,243 -1% Long-term debt 2,245,201 249,553 800% 939,350 -73% Stockholders’ equity 8,942,035 8,778,397 2% 8,199,550 7% Per Share of Common Stock Income from continuing operations – diluted $ 4.95 $ 3.75 32% $ 3.88 -3% Net income – diluted 4.99 4.49 11% 4.13 9% Cash dividends paid – normal 1.175 1.10 7% 1.05 5% – special 2.50 — N/A — N/A Stockholders’ equity 46.91 45.31 4% 42.52 7% Net Crude Oil and Gas Liquids Produced – barrels per day 112,591 103,160 9% 126,927 -19% United States 26,090 17,148 52% 20,114 -15% Canada 28,302 30,049 -6% 30,801 -2% Malaysia 52,663 48,551 8% 66,897 -27% Other International 5,536 7,412 -25% 9,115 -19% Net Natural Gas Sold – thousands of cubic feet per day 490,124 457,365
[Show full text]
Letter to Valero
Investors and environmentalists for sustainable prosperity February 25, 2015 Mike Ciskowski Executive Vice President and Chief Financial Officer Valero Energy Corporation One Valero Way San Antonio, Texas 78249 Dear Mr. Ciskowski, We write to you to express concern about the lack of public disclosure of physical risks due to climate change at Valero’s coastal refineries. As investors who are exposed to climate change risks in our portfolios, the leading science- based nonprofit working for a healthy environment and a safer world, and the leading nonprofit working with investors, companies and public interest groups to accelerate the adoption of sustainable business practices, we have called on both policy makers and companies to take action to disclose and prepare for risks posed by climate change in addition to working to mitigate climate change. Left unaddressed, climate change is expected to cause significant physical impacts with serious implications for investors and businesses as well as the environment. Indeed, the physical effects of climate change are already being felt. The year 2014 saw a record number of natural catastrophes, with more than 90% of the 980 events related to extreme weather and climate. These events caused total economic losses of more than $110 billion and insured losses of more than $31 billion.1 ! As noted in a letter sent to you by the Union of Concerned Scientists (UCS) on December 22, 2014 (below), to which UCS has received no response, the U.S. Securities and Exchange Commission (SEC) issued guidance in 2010 that outlines expectations from companies in reporting on “material” regulatory, physical, and indirect risks, as well as opportunities related to climate change.
[Show full text]
The Mineral Industry of Brunei in 2011
2011 Minerals Yearbook BRUNEI U.S. Department of the Interior September 2013 U.S. Geological Survey THE MINERAL INDUSTRY OF BRUNEI By Pui-Kwan Tse Brunei (Negara Brunei Darussalam) is located in Southeast In 2010, after 6 years of territorial dispute, the Governments Asia on the northwest end of Borneo Island, where it shares a of Brunei and Malaysia signed an Exchange of Letters that common border with the Malaysian State of Sarawak. Brunei is identifies the maritime boundaries between the two countries. one of the highest per capita income countries in the Asia and The two Governments planned next to establish commercial the Pacific region owing mainly to its significant natural gas and oil and gas agreement areas. The territorial dispute began oil resources. In addition to the natural gas and oil resources, in 2003 when the Governments of Brunei and Malaysia Brunei also has small resources of carbonate rocks, coal, kaolin, awarded petroleum production-sharing contracts separately for sand and gravel, and silica sand. overlapping deepwater exploration blocks in the South China The revenue of the natural gas and oil sector accounted Sea. The Government of Brunei awarded one of its exploratory for 70% of the country’s gross domestic product (GDP). blocks to a consortium of Total S.A. of France and the other The output of natural gas and oil decreased from a peak of to a consortium of Royal Dutch/Shell Petroleum Co.; the 219,000 barrels per day (bbl/d) in 2006 to 170,000 bbl/d in Government of Malaysia awarded its two blocks to Murphy Oil 2010, which reflected the maturity of the country’s oilfields.
[Show full text]
Murphy Oil Company Ltd. Multiple Licences
Investigation Summary Report 2015-013: Murphy Oil Company Ltd. Multiple Licences November 2016 Investigation number: 2015-013 Responsible parties: Murphy Oil Company Ltd., BA code 0063 Field centre of origin: Grande Prairie Incident location (nearest town): Multiple locations, Seal Lake, Alberta Contravention date: June 16–18, 2015 Authorization numbers and relevant Multiple licences (F41295, F39631, F41667, legislation, regulations, and rules: F36795, F41611, F40899, F41300, F41598, F42626, F41301, F44036, F41346, F41634, F41297, F41648, F35514) Oil and Gas Conservation Act Investigator: Jonathan Sinclair ISR 2015-013 Alberta Energy Regulator Alberta Energy Regulator Investigation Summary Report 2015-013: Murphy Oil Company Ltd.; Multiple Licences November 2016 Published by Alberta Energy Regulator Suite 1000, 250 – 5 Street SW Calgary, Alberta T2P 0R4 Telephone: 403-297-8311 Inquiries (toll free): 1-855-297-8311 Email: [email protected] Website: www.aer.ca Alberta Energy Regulator Contents Summary of Facts ......................................................................................................................................... 1 Company Overview ................................................................................................................................ 1 Regulatory Background .......................................................................................................................... 1 Incident Overview ..................................................................................................................................
[Show full text]
Brazil Upstream Bid Rounds – Evolve to Grow Brazil to Become a Top 5 Oil Producer by 2030?
December 2019 Brazil upstream bid rounds – evolve to grow Brazil to become a top 5 oil producer by 2030? OXFORD ENERGY COMMENT Claudio Steuer, Senior Research Fellow, OIES Brazil transfer of rights area auction When Brazil’s Senate passed a bill in mid-October 2019 defining the distribution of proceeds from the enormous offshore region known as the ‘Transfer of Rights’ area (TOR) [Figure 1] in the prolific Brazilian pre-salt exploration and production region, it was a key milestone that set in motion the largest oil bidding round in history, according to the Brazilian authorities.1 Wood Mackenzie indicated that Brazil’s TOR auction was the largest offering of discovered oil reserves since Iraq opened up its oil fields in 2009; however, access is not inexpensive. The four fields may cost more than $50 billion – $25 billion in licensing fees and profit oil share to be given to Pre-Sal Petroleo SA (the special purpose Brazilian state company responsible for managing the government pre-salt oil share) and payments to Petrobras which could represent another $25 billion or more (according to government officials) for investments already made.2 Figure 1: Transfer of Rights Auction Area Source: ANP Note: Brazilian Government estimates signing bonuses of R$ 106,5 billion ($26.6 billion) for 4 pre-salt areas in the Santos Basin On 6 November, if all blocks had been sold, the auction winners would have been obliged to pay to the Brazilian Government a combined signing bonus of nearly R$106.5 billion ($26.6 billion3). This sum is to be shared: R$34.6 billion ($8.64 billion) to Petrobras, R$10.8 billion ($2.70 billion) to States, R$10.8 billion ($2.70 billion) to Municipalities, R$2.16 billion ($0.54 billion) to Rio de Janeiro (where the reserves are located), and R$48.14 billion ($12.02 billion) to the Federal Government.4 1 Gram Slattery, ‘How Brazil’s $26 bln oil rights auction works’, Reuters, 16 October 2019.
[Show full text]
Q1 2021 Murphy Oil Corp Earnings Call on May 06, 2021 / 1:00PM
REFINITIV STREETEVENTS EDITED TRANSCRIPT MUR.N - Q1 2021 Murphy Oil Corp Earnings Call EVENT DATE/TIME: MAY 06, 2021 / 1:00PM GMT OVERVIEW: Co. reported 1Q21 net loss of $287m, or $1.87 net loss per diluted share. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us ©2021 Refinitiv. All rights reserved. Republication or redistribution of Refinitiv content, including by framing or similar means, is prohibited without the prior written consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MAY 06, 2021 / 1:00PM, MUR.N - Q1 2021 Murphy Oil Corp Earnings Call CORPORATE PARTICIPANTS David R. Looney Murphy Oil Corporation - Executive VP & CFO Eric M. Hambly Murphy Oil Corporation - EVP of Operations Kelly L. Whitley Murphy Oil Corporation - VP of IR & Communications Roger W. Jenkins Murphy Oil Corporation - CEO, President & Director Thomas J. Mireles Murphy Oil Corporation - SVP of Technical Services CONFERENCE CALL PARTICIPANTS Gail Amanda Nicholson Dodds Stephens Inc., Research Division - MD & Analyst Jordan Alexander Levy Truist Securities, Inc., Research Division - Research Analyst Joshua Ian Silverstein Wolfe Research, LLC - MD and Senior Analyst of Oil and Gas Exploration & Production Leo Paul Mariani KeyBanc Capital Markets Inc., Research Division - Analyst Paul Cheng Scotiabank Global Banking and Markets, Research Division - Analyst Stephen I. Richardson Evercore ISI Institutional Equities, Research Division - Senior MD and Head of Oil and Gas & Exploration and Production Research Umang Choudhary Goldman Sachs Group, Inc., Research Division - Associate PRESENTATION Operator Good morning, ladies and gentlemen, and welcome to the Murphy Oil Corporation First Quarter 2021 Earnings Conference Call. (Operator Instructions) And I like to turn the conference over to Kelly Whitley, Vice President, Investor Relations and Communications.
[Show full text]
We Transform… Opportunity Value Energy
Sustainability 2020Report We transform… opportunity energy value MURPHY OIL CORPORATION 2020 SUSTAINABILITY REPORT 1 A Message to Our Stakeholders At Murphy, we believe in providing energy that empowers Further, our social segment now includes specific people. We recognize that we need to provide this energy references to our actions regarding community relations safely and in a more sustainable manner, so that we can and human capital, such as workforce development continue as an industry leader and achieve our vision of programs and expanded diversity disclosures. positively impacting lives for the next 100 years. We have significantly increased our disclosures for our second Within the company, Murphy has established additional annual Sustainability Report, which we hope will be board and managerial oversight of our sustainability insightful to our stakeholders and shed light on our path efforts with the formation of the ESG Executive Committee forward as we deepen our focus on environmental, social (comprised of executive management), along with the and governance (ESG) matters. creation of a director of sustainability role within the Technical Services Department and a dedicated diversity Our Response to COVID-19 and inclusion resource within the Human Resources The COVID-19 pandemic has created a sharply unique Department. With the appropriate people in their positions, situation for our industry, and our team worked quickly to the company can move forward on developing an establish protocols for maintaining the safety of our office expanded sustainability strategy to tackle the issues relevant and field employees, including testing those working at to our industry. our offshore operations sites. We met this year’s challenges by putting our business continuity plan into action, flexing 2019 Company Highlights our technology systems, and activating our incident and Last year, we transformed into a Western Hemisphere- crisis management teams to manage this risk and keep focused, oil-weighted company with the sale of our our workforce safe.
[Show full text]
Murphy Oil Corporation
Murphy Oil Corporation 2010 Annual Report Financial and Operating Highlights % Change % Change (Thousands of dollars except per share data) 2010 2009 2010–2009 2008 2009–2008 For the Year Revenues $23,345,071 $19,012,392 23% $27,432,331 -31% Income from continuing operations 798,081 740,517 8% 1,744,749 -58% Net income 798,081 837,621 -5% 1,739,986 -52% Cash dividends paid 201,405 190,788 6% 166,501 15% Capital expenditures 2,448,140 2,207,269 11% 2,364,686 -7% Net cash provided by operating activities 3,128,558 1,864,633 68% 3,039,912 -39% Average common shares outstanding – diluted (thousands) 193,158 192,468 0% 192,134 0% At End of Year Working capital $ 619,783 $ 1,194,087 -48% $ 958,818 25% Net property, plant and equipment 10,367,847 9,065,088 14% 7,727,718 17% Total assets 14,233,243 12,756,359 12% 11,149,098 14% Long-term debt 939,350 1,353,183 -31% 1,026,222 32% Stockholders’ equity 8,199,550 7,346,026 12% 6,278,945 17% Per Share of Common Stock Income from continuing operations – diluted $ 4.13 $ 3.85 7% $ 9.08 -58% Net income – diluted 4.13 4.35 -5% 9.06 -52% Cash dividends paid 1.05 1.00 5% .875 14% Stockholders’ equity 42.52 38.44 11% 32.92 17% Net Crude Oil and Gas Liquids Produced – barrels per day 126,927 131,839 -4% 118,254 11% United States 20,114 17,053 18% 10,668 60% Canada 30,801 32,043 -4% 37,902 -15% Malaysia 66,897 76,322 -12% 57,403 33% Other International 9,115 6,421 42% 12,281 -48% Net Natural Gas Sold – thousands of cubic feet per day 356,801 187,266 91% 55,518 237% United States 53,037 54,255 -2% 45,785 18%
[Show full text]
Murphy Oil Corporation 2016 Annual Report
PART I Item 1. BUSINESS Summary Murphy Oil Corporation is a worldwide oil and gas exploration and production company. As used in this report, the terms Murphy, Murphy Oil, we, our, its and Company may refer to Murphy Oil Corporation or any one or more of its consolidated subsidiaries. The Company was originally incorporated in Louisiana in 1950 as Murphy Corporation. It was reincorporated in Delaware in 1964, at which time it adopted the name Murphy Oil Corporation, and was reorganized in 1983 to operate primarily as a holding company of its various businesses. For reporting purposes, Murphy’s exploration and production activities are subdivided into four geographic segments, including the United States, Canada, Malaysia and all other countries. Additionally, “Corporate” activities include interest income, interest expense, foreign exchange effects and administrative costs not allocated to the segments. The Company’s corporate headquarters are located in El Dorado, Arkansas. The Company has transitioned from an integrated oil company to an enterprise entirely focused on oil and gas exploration and production activities. The Company completed the sale of the remaining downstream assets in the United Kingdom (U.K.) during 2015 after selling its U.K. retail marketing assets during 2014. At December 31, 2016, Murphy had 1,294 employees. In addition to the following information about each business activity, data about Murphy’s operations, properties and business segments, including revenues by class of products and financial information by geographic area, are provided on pages 22 through 40, 70 thru 72, 103 through 114 and 116 of this Form 10-K report.
[Show full text]