Murphy Oil Corp. (NYSE: MUR) said Feb. 7 that Eugene T. (Gene) Coleman, executive vice president of exploration and business development for the El Dorado, Ark.-based oil and gas company, will retire by the end of the month.
After 17 years of service at Murphy and more than 38 years of energy industry experience, Coleman elected to retire effective Feb. 28. He has been instrumental in building and restructuring Murphy’s offshore and exploration organizations and, most recently, was a key player in negotiating and closing the Gulf of Mexico transaction with Petrobras, according to the company press release.
executive vice president of
exploration and business
development, will retire effective
Feb. 28. (Source: Murphy Oil Corp.)
At that time of Coleman’s retirement, the responsibility for exploration will be assumed by Michael K. (Mike) McFadyen, executive vice president of offshore. The responsibility for business development will be assumed by David R. Looney, executive vice president and CFO.
“On behalf of the company and the board of directors, I want to thank Gene for his many years of service and wish him all the best in retirement,” Roger Jenkins, Murphy’s president and CEO, said in a statement. “Gene is an exceptional leader who has provided sound strategic advice and guidance in managing the vast array of operations for the company, and his contributions will be greatly missed.”
Coleman joined Murphy in 2001 as subsea systems manager and quickly earned roles with increasing responsibilities abroad and domestically, culminating in being named executive vice president of offshore in 2016 and then transitioning to his current role in 2018. He is widely recognized for his longstanding commitment to Murphy and the company’s multi-decade success, the company release said.
“As I am excited to begin the next chapter of my life, I am optimistic for Murphy as it enters this year with a solid portfolio of assets and robust business opportunities, a strong leadership team and exceptional, devoted people,” Coleman said in a statement. “Over my lengthy career in the oil and natural gas business, I have been afforded extensive opportunities to work with wonderful people around the globe. I will be leaving behind a great company.”
Murphy’s portfolio 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.
Recommended Reading
Wildcat Expanding Terminal Transporting Crude from Uinta to Gulf Coast
2025-03-12 - Wildcat Midstream has begun expanding its Helper export terminal for more capacity to take crude from the Uinta Basin to the Gulf Coast.
Report: China Becomes Trans Mountain Pipeline’s Biggest Customer
2025-05-18 - Prior to the ongoing trade disputes, the U.S. accounted for 50% of crude traffic on Canada’s Trans Mountain Pipeline.
Tidewater to Acquire Segment of Pembina Pipeline System
2025-05-06 - Tidewater Midstream and Infrastructure will strengthen its crude network position in a $22 million deal, including debt, to buy the North Segment of Pembina Pipeline Corp.’s Western Pipeline System.
Tidewater Sells Canadian Roadway Network for CA$24MM
2025-03-06 - Canadian midstream company Tidewater Midstream and Infrastructure plans to use proceeds to pay down debt.
Venture Global Plans $18B Plaquemines LNG Expansion
2025-03-06 - Venture Global’s planned $18 billion expansion of Plaquemines LNG will bring the export facility’s production capacity to 45 million tonnes per annum.