Murphy Oil Corp.

May 2008 Crude Oil Price Bulletin

Bulletin Number	Effective Date	ND Williston Basin Sweet	ND Williston Basin Sour	TX West Intermediate
82	05/01/2008	101.75 *	88.75 *	109.25
83	05/02/2008	105.50	92.50	113.00
84	05/05/2008	109.25	96.25	116.75
85	05/06/2008	111.00	98.00	118.50
86	05/07/2008	112.75	99.75	120.25
87	05/08/2008	113.00	100.00	120.50
88	05/09/2008	115.25	102.25	122.75
89	05/12/2008	113.50	100.50	121.00
90	05/13/2008	115.00	102.00	122.50

EDQ

110.6538

97.6538

118.1538

Gravity Adjustment

1 Less $0.015/bbl for each .1 degree API above 44.9 degrees API. Less $0.02/bbl for each full
degree API below 40.9 degrees API.

2 Less $0.015/bbl for each .1 degree API above 44.9 degrees API. Less $0.10/bbl for each full
degree API below 40.9 degrees API.

* Price Change Exception

For More Information
	Sandy Hostetler Manager, Domestic Crude Oil Purchasing 999 18th St., Suite 3000 Denver, CO 80202 (303) 308-1756 Phone (303) 308-1757 Fax shostetler@murphyoilcorp.com