Valero gas station on claiborne8/24/2023 ![]() In September 2011, the company sold its refinery in Meraux, Louisiana, to Valero Energy for $325 million. In July 2011, the company sold its refinery in Superior, Wisconsin, to Calumet for $214 million. In 2004, the company sold oil fields in Western Canada for US$633 million. In 2003, the company acquired acreage offshore Republic of Congo. The first discovery in this area, the West Patricia prospect, was announced in 2001 and followed by a significant discovery in the Kikeh in 2002 (went into production by 2007). Murphy entered the Malaysia market in 1999 after a purchase of three offshore blocks, solidifying its position as a player in the offshore development space. Equitable arranged the merger of Spur Oil Company with Murphy shortly after Houghland's death in 1959. Houghland bought the shares and Equitable Securities handled the public offering. ![]() In 1957, an appeals court ruled that von Opel's son Fritz von Opel was not entitled to the share of Spur Oil Company his father had owned. After Wilhelm von Opel invested in the company, it became a chain, with 275 locations and annual sales of $40 million. Mason Houghland opened the first Spur gas station in Old Hickory, Tennessee in 1928. The company was founded in 1944 as CH Murphy & Co by Charles H. Of the company's 2020 production of 174.636 thousand barrels of oil equivalent (1,068,400 GJ) per day, 59% was petroleum, 5% was natural gas liquids, and 36% was natural gas. The company's Canadian operations are mostly heavy crude oil projects in the Western Canadian Sedimentary Basin. In the United States, the company's reserves are primarily in the Eagle Ford Group area of South Texas and in the deepwater Gulf of Mexico. The company also has undeveloped reserves in Australia, Brazil, Brunei, Mexico, and Vietnam. The company's developed reserves are in the United States and Canada. Īs of December 31, 2020, the company had 714.9 million barrels of oil equivalent (4.374 ×10 9 GJ) of estimated proved reserves, of which 51% was petroleum, 42% was natural gas, and 7% was natural gas liquids. The company is ranked 625th on the Fortune 5th on the Forbes Global 2000. Murphy Oil Corporation is a company engaged in hydrocarbon exploration headquartered in Houston, Texas. Murphy Oil's Houston office, currently the global headquarters.
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