Murphy Energy gets $33.1 million winning bid for Port Hudson assets

By Caroline Salls

Pittsburgh, Dec. 14 – Murphy Energy Corp. named NGL Supply Terminal Co., LLC as the winning bidder for its Port Hudson assets with a $33.1 million high bid, according to a notice filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

Murphy said NGL Supply prevailed after 24 rounds of bidding, which included three cash bidders and one credit bidder.

The sale hearing is scheduled for Dec. 16.

Murphy Energy is a Tulsa, Okla.-based privately owned integrated midstream provider of transportation, storage and marketing services for crude oil, natural gas liquids and condensates. The company filed bankruptcy on Oct. 5 under Chapter 11 case number 16-33971.

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