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Murphy Oil MUR Other — Dry holes and previously suspended exploration costs
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Where this comes from
Reported directly by Murphy Oil in its filing.
Tagged under the XBRL concept mur:OilAndGasResultOfOperationDryHoleCostCredit.
The source filing: Murphy Oil’s 10-Q, filed August 5, 2026.
- Filed
- Aug 5, 2026, 4:39 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001628280-26-053437
| (Millions of dollars) / Three Months Ended June 30, 2026 | Exploration and Production / United States 1 | Exploration and Production / Canada | Exploration and Production / Other | Exploration and Production / Total E&P | Corporate and Discontinued Operations | Consolidated Total |
|---|---|---|---|---|---|---|
| Selling and general expenses | 7.6 | 7.0 | 2.7 | 17.3 | 21.4 | 38.7 |
| Exploration Expenses | ||||||
| Geological and geophysical | 10.2 | — | 1.0 | 11.2 | — | 11.2 |
| Dry holes and previously suspended exploration costs | (0.4) | — | 13.9 | 13.5 | — | 13.5 |
| Other exploratory costs, including undeveloped lease amortization and delay lease rentals | 5.0 | — | 9.6 | 14.6 | — | 14.6 |
| Total exploration expenses | 14.8 | — | 24.5 | 39.3 | — | 39.3 |
| Depreciation, depletion and amortization | 220.5 | 39.2 | — | 259.7 | 2.4 | 262.1 |
| Accretion of asset retirement obligations | 11.9 | 2.7 | 0.2 | 14.8 | 0.1 | 14.9 |
ITEM 1. FINANCIAL STATEMENTS
FAQ
- What is Murphy Oil's other — dry holes and previously suspended exploration costs?
- Murphy Oil (MUR) reported other — dry holes and previously suspended exploration costs of $13.9M in Q2 2026.
- How has Murphy Oil's other — dry holes and previously suspended exploration costs changed year-over-year?
- Murphy Oil's other — dry holes and previously suspended exploration costs increased by 13800.0% year-over-year, from $100K to $13.9M.
- What is the long-term trend for Murphy Oil's other — dry holes and previously suspended exploration costs?
- Over 3 years (2022 to 2025), Murphy Oil's other — dry holes and previously suspended exploration costs has grown at a -19.4% compound annual growth rate (CAGR), from $59.1M to $31M.
- What does other — dry holes and previously suspended exploration costs mean?
- Represents the costs associated with exploratory wells that failed to find commercially viable quantities of hydrocarbons. This metric reflects the financial risk and capital inefficiency inherent in the company's exploration activities within the specified segment.
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