Murphy Oil Corporation - Our Business

Crude Oil Supply

July 2010 Crude Oil Price Bulletin

Bulletin Number	Effective Date	ND Williston Basin Sour	ND Williston Basin Sweet	TX West Intermediate
121	07/01/2010	52.00	58.75	69.50
122	07/02/2010	51.25	58.00	68.75
123	07/06/2010	51.00	57.75	68.50
124	07/07/2010	53.00	59.75	70.50
125	07/08/2010	54.50	61.25	72.00
126	07/09/2010	55.00	61.75	72.50
127	07/12/2010	54.00	60.75	71.50
128	07/13/2010	56.25	63.00	73.75
129	07/14/2010	56.00	62.75	73.50
130	07/15/2010	55.50	62.25	73.00
131	07/16/2010	55.00	61.75	72.50
132	07/19/2010	55.50	62.25	73.00
133	07/20/2010	56.50	63.25	74.00
134	07/21/2010	55.50	62.25	73.00
135	07/22/2010	58.25	65.00	75.75
136	07/23/2010	58.00	64.75	75.50
137	07/26/2010	58.00	64.75	75.50
138	07/27/2010	56.50	63.25	74.00
139	07/28/2010	56.00	62.75	73.50
140	07/29/2010	57.25	64.00	74.75

EDQ

54.9914

61.7414

72.4914

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