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Murphy Oil MUR Other — Exploration expenses, including undeveloped lease amortization
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Where this comes from
Reported directly by Murphy Oil in its filing.
Tagged under the XBRL concept us-gaap:ExplorationExpense.
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 |
|---|---|---|---|---|---|---|
| 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 |
| Other operating expenses | 16.4 | — | 0.3 | 16.7 | (2.0) | 14.7 |
| Interest Income | (0.6) | — | — | (0.6) | (2.3) | (2.9) |
ITEM 1. FINANCIAL STATEMENTS
FAQ
- What is Murphy Oil's other — exploration expenses, including undeveloped lease amortization?
- Murphy Oil (MUR) reported other — exploration expenses, including undeveloped lease amortization of $24.5M in Q2 2026.
- How has Murphy Oil's other — exploration expenses, including undeveloped lease amortization changed year-over-year?
- Murphy Oil's other — exploration expenses, including undeveloped lease amortization increased by 245.1% year-over-year, from $7.1M to $24.5M.
- What is the long-term trend for Murphy Oil's other — exploration expenses, including undeveloped lease amortization?
- Over 3 years (2022 to 2025), Murphy Oil's other — exploration expenses, including undeveloped lease amortization has grown at a -6.0% compound annual growth rate (CAGR), from $84.6M to $70.3M.
- What does other — exploration expenses, including undeveloped lease amortization mean?
- The total aggregate cost incurred to identify and evaluate potential oil and gas reserves, including leasehold maintenance and amortization. This metric serves as a key indicator of the company's commitment to replenishing its resource base through new discovery efforts.
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