EL DORADO, Ark. (AFX) - Murphy Oil Corp. on Tuesday said it found oil at its Thunder Bird prospect offshore Mississippi.
Murphy owns a 37.5 percent working interest in the Gulf of Mexico field. Dominion Resources Inc. and Hydro Gulf of Mexico each hold 25 percent stakes, while Marubeni Corp. owns a 12.5 percent interest.
Development plans for the discovery have not been completed, Murphy said.
Murphy shares dipped 51 cents to end at $47.55 on the New York Stock Exchange, while Dominion Resources shares fell 33 cents to close at $72.60.
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