Davis Polk advised Murphy Oil Corporation on an SEC-registered offering of $550 million aggregate principal amount of its 5.750% notes due 2025. The net proceeds of the offering are expected to be used for the redemption of Murphy Oil Corporation’s $550 million aggregate principal amount of 2.500% notes due 2017.

Based in El Dorado, Arkansas, Murphy Oil Corporation is a global independent oil and natural gas exploration and production company. The company’s diverse resource base includes offshore production in Southeast Asia, Canada and Gulf of Mexico as well as North America onshore plays in the Eagle Ford Shale, Kaybob Duvernay and Montney.

The Davis Polk corporate team included partner Joseph A. Hall and associate John H. Runne. Partner Kathleen L. Ferrell and associate Andrew Imber provided tax advice. Counsel Betty Moy Huber and associate Yuko Masunaga provided environmental advice. Associate Brantley Hawkins provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.

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