SEC FORM 3 SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
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1. Name and Address of Reporting Person*
Wood David M.

(Last) (First) (Middle)
200 PEACH STREET
P.O. BOX 7000

(Street)
EL DORADO AR 71731-7000

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2007
3. Issuer Name and Ticker or Trading Symbol
MURPHY OIL CORP /DE [ MUR ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Executive Vice President
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 50,972(1) D
Common Stock 2,270 I Trustee of Company Thrift Plan
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock Unit (2) (2) Common Stock 2,972 (3) D
Stock Option 01/31/2008 01/31/2013 Common Stock 50,000 57.315 D
Stock Option 02/01/2002 02/01/2010 Common Stock 60,000 14.2422 D
Stock Option 02/01/2007 02/01/2012 Common Stock 50,000 45.2275 D
Stock Option 02/03/2006 02/03/2011 Common Stock 60,000 30.295 D
Stock Option 02/04/2005 02/04/2013 Common Stock 35,000 21.17 D
Stock Option 02/06/2003 02/06/2011 Common Stock 100,000 15.415 D
Explanation of Responses:
1. 34,500 shares are Restricted Stock Awards granted under the 1992 Management Stock Incentive Plan.
2. The reported phantom stock units were acquired under Murphy Oil Corporation's excess benefit plan and are to be settled upon the reporting person's retirement or other termination of service. The reporting person may transfer the value of his phantom stock units into an alternative investment acount at any time prior to settlement.
3. Each phantom stock unit is the economic equivalent of one (1) share of Murphy Oil Corporation common stock.
Remarks:
woodpoa.TXT
/s/ Walter K. Compton, Attorney-in-Fact 01/05/2007
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
POWER OF ATTORNEY


       Know all by these present, that the undersigned hereby constitutes and
appoints each of Steven A. Cosse, Walter K. Compton, Carol R. Farquharson, John
A. Moore, Roger W. Landes, Greg L. Smith and James E. Baine, signing singly, the
  undersigned?s true and lawful attorney-in-fact to:

1. execute for and on behalf of the undersigned, in the undersigned?s capacity
as an officer and/or director of Murphy Oil Corporation (the "Company"). Forms
3, 4 and 5 in accordance with Section 16(a) of the Securities Exchange Act of
1934 and the rules thereunder; and

2. do and perform any and all acts for and on behalf of the undersigned which
may be necessary or desirable to complete and execute any such Form 3, 4 or 5;
complete and execute any amendment or amendments thereto; and timely file such
form with the United States Securities and Exchange Commission and any stock
exchange or similar authority.

       The undersigned hereby grants to each such attorney-in-fact full power
and authority to do and perform any and every act and thing whatsoever
requisite, necessary, or proper to be done in the exercise of any of the rights
and powers herein granted, as fully to all intents and purposes as the
undersigned might or could do if personally present, with full power of
substitution or revocation.  The undersigned acknowledges that the foregoing
attorneys-in-fact, in serving in such capacity at the request of the
undersigned, are not assuming, nor is the Company assuming, any of the
undersigned?s responsibilities to comply with Section 16 of the Securities
Exchange Act of 1934.

       This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file Forms 3, 4 and 5 with respect to the
undersigned?s holdings of and transactions in securities issued by the Company,
unless earlier revoked by the undersigned by notice in writing delivered to the
foregoing attorneys-in-fact.

       WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be
executed as of this 16th day of November, 2006.





      						David M. Wood