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Murphy Oil Names David Looney as CFO, Succeeding Eckart

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Murphy Oil Corp. of El Dorado has named David R. Looney as its new chief financial officer and executive vice president, succeeding John Eckart, who announced his retirement two weeks ago.

Eckart will hand over the CFO at the global oil exploration and production company by March 1, but will continue to work for a time during the transition. Looney, a 38-year energy company financial veteran, previously was CFO of Venari Resources of Addison, Texas, a privately held offshore exploration and production company focused on the Gulf of Mexico.

A Murphy news release said that Looney “has specialized in the financing of various exploration and production companies as well as other energy businesses.” He has bachelor’s and master’s degrees from Texas A&M University.

“David is an experienced CFO who is well-known in the energy markets and we now look to him to continue our ongoing commitment to financial discipline,” Roger W. Jenkins, Murphy Oil’s CEO and president, said in a statement.

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