Accretive Cash Flow Generating Acquisition Increases Operatorship in the Region EL DORADO, Ark.–(BUSINESS WIRE)–Murphy Oil Corporation (NYSE: MUR) ("Murphy") announced that its wholly owned subsidiary, Murphy Exploration & Production Company – USA, has closed the previously announced strategic deep water Gulf of Mexico acquisition from LLOG Exploration Offshore, L.L.C. and LLOG Bluewater Holdings, L.L.C., ("LLOG"). The transaction was previously announced on April 23, 2019, with an effective date of January 1, 2019. After taking into account customary closing adjustments, Murphy's total cash consideration paid was $1.227 billion, which was funded primarily through the company's $1.6 billion revolver and other sources of liquidity.