By Nick Cunningham-PettigrewPosted October 08, 2018 10:00:00The latest from Oil & Gas:Murphy Oil & Gas: How to Profit From Murphy Oil &s; Gas article Murphy Oil Company and other companies have been looking at a number of unconventional oil fields to explore and develop, but this is the first time they are looking to develop oil from a shale gas field in Oklahoma.
The company is planning to explore for oil at a site in the northern Oklahoma City area.
The company is working with the Oklahoma Corporation Commission to develop a lease for the property.
The lease would allow the company to lease a piece of the property to a third party, and would be a way for Murphy Oil to expand its footprint and make money on the land.
The property is about 40 acres and includes a field and a large oil field.
“Murphy oil is a major player in Oklahoma because of the number of gas wells, oil fields and natural gas plays that we are able to find,” Murphy Oil Chief Executive Officer Tim Murphy said.
“It is a natural, proven resource, and there are people who have invested in Murphy oil to be able to take advantage of it.
We have a very unique opportunity.”
A natural gas well was drilled in the same area in 2015.
The wells are located about a mile and a half away from the existing fields, which are about 100 feet apart.
There are three other wells that are not in the field.
Murphy Oil is also planning to develop an oil well that would take about a year to drill, but is a much more ambitious project.
The new field is about 60 miles south of the existing oil field, and about 200 feet from the current wells.
The project is a combination of drilling and drilling and more drilling.
Murphy has three drilling rigs that are in the area.
The rigs are part of a drilling rig that is in place in the Oklahoma City metro area.
This rig will take the gas from the well to the site.
The Oklahoma Corporation Service is a state agency that regulates the use of energy in Oklahoma, and the company has filed for a permit for the site to drill.
A drilling rig has been set up near the existing well and is about 100 miles away from it.
The companies are currently in the process of negotiating with the city of Oklahoma City to obtain a lease.
The city will need to approve the deal, but Murphy expects to be leasing the site by the end of 2019.
The city has not yet made a decision on the drilling.
Murphy said it is important to the community that Murphy Oil develops the area to make money.
“I think the people of the community really appreciate this investment in our community,” Murphy said, “and I think that is what people are looking for.”
The company has leased the land for a couple of years now, and has had no problems finding work.
Murphy says that the lease was not a hard sell.
“We have found jobs, and we have been able to get a few people to work for us,” Murphy added.
Murky Oil is not alone in the state in developing shale gas.
A group called North Plains Energy is developing a shale oil field in the Okaloosa County area.
It has leased some of the land from Murphy Oil.
“They are all looking to expand their footprint in Oklahoma,” Murphy explained.
“This is a way to help Murphy Oil get its feet wet.”