---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-24-000180"
form_type: "8-K"
ticker: "MUR"
cik: "0000717423"
company_name: "MURPHY OIL CORP"
filed_at: "2024-01-03T23:59:59+00:00"
generated_at: "2026-06-07T04:55:56.892876+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Murphy Oil abandons Oso #1 exploration well; Q4 exploration expense guidance raised to $83M

## Summary
- Oso #1 well in Gulf of Mexico Atwater Valley 138 found non-commercial hydrocarbons; will be plugged and abandoned.
- Q4 2023 exploration expense guidance increased from $53M to $83M, including net well cost of $64M for Oso.
- Management to present at Goldman Sachs Energy, CleanTech and Utilities Conference starting January 3, 2024.

## SEC filing metadata
- accession: 0000950103-24-000180
- form_type: 8-K
- ticker: MUR
- cik: 0000717423
- company_name: MURPHY OIL CORP
- filed_at: 2024-01-03T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/717423/000095010324000180/0000950103-24-000180-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/717423/000095010324000180/dp204582_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-24-000180
- JSON: https://secwatch.observer/filing/0000950103-24-000180.json
- Plain text: https://secwatch.observer/filing/0000950103-24-000180.txt

## Key facts
- Earnings Releases
  MURPHY OIL CORP updated its Q4 2023 guidance (lowered).
  - Period: Q4 2023
  - Guidance: lowered
  - Result: guidance update
  source text: Exploration expense guidance for the fourth quarter of 2023 has been revised accordingly from $53 million to $83 million, including a net well cost of $64 million for Oso.
  evidence_url: https://www.sec.gov/Archives/edgar/data/717423/000095010324000180/0000950103-24-000180-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.