Jeff Jain's questions to Murphy Oil Corp (MUR) leadership • Q4 2024
Question
Jeff Jain from VL Energy Partners asked for details on what specifically did not work with the new Eagle Ford completion design and what the path forward is—whether it's reverting to the old design or applying lessons learned to a new approach.
Answer
An unnamed executive, likely SVP of Operations Chris Lavino, explained that the failed completion design was a result of 'tinkering' with sand and water intensity. He stated they found the 'point of diminishing returns,' and while disappointing, the learning experience will help make future development in their large Catarina inventory more capital efficient going forward.