Positive results in Texas well encourage Murphy Oil

01/11/2010 | Reuters

Murphy Oil said it was encouraged by the results of its Eagle Ford Shale well in Texas. The prospect was drilled vertically to a depth of 13,320 feet and flowed at an initial rate of about 7.5 million cubic feet of natural gas per day. The company also decided to abandon two of its wells in Malaysia after both encountered less oil than projected.

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