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OIL AND NATURAL GAS SALES (Tables)

12 Months Ended

Dec. 31, 2019

OIL AND NATURAL GAS SALES

Tabular disclosure of revenue from oil and natural gas sales during the period


($ thousands)		2019			2018			2017
Oil and natural gas sales		$	1,572,955		$	1,610,899		$	1,141,770
Royalties⁽¹⁾			(318,149)			(318,163)			(221,077)
Oil and natural gas sales, net of royalties		$	1,254,806		$	1,292,736		$	920,693

(1)	Royalties above do not include production taxes which are reported separately on the Consolidated Statements of Income/(Loss).

Oil and natural gas revenue by country and by product for the years ended December 31, 2019 and 2018 are as follows:


2019			Total revenue, net						Natural			Natural gas
($ thousands)			of royalties⁽¹⁾			Crude oil⁽²⁾			gas⁽²⁾			liquids⁽²⁾			Other⁽³⁾
Canada		$	177,299		$	145,814		$	21,776		$	7,158		$	2,551
United States			1,077,507			847,182			215,963			14,355			7
Total		$	1,254,806		$	992,996		$	237,739		$	21,513		$	2,558


2018			Total revenue, net						Natural			Natural gas
($ thousands)			of royalties⁽¹⁾			Crude oil⁽²⁾			gas⁽²⁾			liquids⁽²⁾			Other⁽³⁾
Canada		$	198,263		$	148,949		$	32,109		$	14,075		$	3,130
United States			1,094,473			834,146			236,825			23,502			—
Total		$	1,292,736		$	983,095		$	268,934		$	37,577		$	3,130

(1)	Royalties above do not include production taxes which are reported separately on the Consolidated Statements of Income/(Loss).

(2)	U.S. sales of crude oil and natural gas relate primarily to the Company’s North Dakota and Marcellus properties, respectively. Canadian crude oil sales relate primarily to the Company’s waterflood properties.

(3)	Includes third party processing income.