MURPHY ELEDS BY CANADIAN CLST
Murphy Oil Corporation, a Canadian oil and gas company, is selling its Western Canada assets to Pengrowth Corp. for C$550 million. The assets comprise interests in various areas within the Western Canadian Sedimentary Basin and include production of approximately 15,500 boe/d. This strategic move allows Murphy to redirect its focus and capital to higher growth frontier areas, while expanding Pengrowth's portfolio significantly.
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