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Revenue from Contracts with Customers (Tables)
3 Months Ended
Mar. 31, 2018
Revenue from Contracts with Customers [Abstract]  
Disaggregation of Revenue



 

 

 

 



 

Three Months Ended



 

March 31,

(Thousands of dollars)

 

2018

 

2017

Net crude oil and condensate revenue

 

 

 

 

United States – Onshore

$

182,649 

 

149,986 

                                – Offshore

 

71,528 

 

53,813 

Canada    – Onshore

 

21,293 

 

9,121 

                          – Offshore

 

54,315 

 

37,014 

Malaysia – Sarawak

 

77,306 

 

65,783 

                         – Block K

 

94,572 

 

87,831 

Total crude oil and condensate revenue

 

501,663 

 

403,548 



 

 

 

 

Net natural gas liquids revenue

 

 

 

 

United States – Onshore

 

12,134 

 

9,647 

                                – Offshore

 

1,639 

 

1,916 

Canada    – Onshore

 

3,469 

 

432 

                          – Offshore

 

– 

 

– 

Malaysia – Sarawak

 

6,192 

 

5,182 

                         – Block K

 

– 

 

– 

Total natural gas liquids revenue

 

23,434 

 

17,177 



 

 

 

 

Net natural gas revenue

 

 

 

 

United States – Onshore

 

6,770 

 

7,036 

                                – Offshore

 

2,937 

 

2,663 

Canada    – Onshore

 

39,594 

 

39,847 

                          – Offshore

 

– 

 

– 

Malaysia – Sarawak

 

32,383 

 

38,589 

                         – Block K

 

173 

 

175 

Total natural gas revenue

 

81,857 

 

88,310 

Total revenue from contracts with customers

 

606,954 

 

509,035 



 

 

 

 

Gain (loss) on crude contracts

 

(29,502)

 

37,077 

Other operating income (loss)

 

8,492 

 

(1,454)

Gain (loss) on sale of assets

 

(339)

 

131,982 

Total revenue

$

585,605 

 

676,640 



Current and Long-Term Contracts Outstanding



 

 

 

 

 

 

 

 

Current Long-Term Contracts Outstanding at March 31, 2018

Location

 

Commodity

 

End Date

 

Description

 

Approximate Net Volumes

U.S. Onshore

 

Oil

 

Q2 2019

 

Fixed quantity delivery in Eagle Ford

 

4,000 BOE/Day

U.S. Onshore

 

Oil

 

Q3 2019

 

Fixed quantity delivery in Eagle Ford

 

2,000 BOE/Day

U.S. Onshore

 

Oil

 

Q4 2021

 

Fixed quantity delivery in Eagle Ford

 

2018: 19,000 BOE/Day
2019-2021: 13,000 BOE/Day

U.S. Onshore

 

Gas and NGL

 

Q2 2026

 

Deliveries from dedicated acreage in
   Eagle Ford

 

As produced

Canada Onshore

 

Gas

 

Q4 2020

 

Contracts to sell natural gas
  at Alberta AECO Cdn dollar 2.81/MCF

 

59 MMCF/Day

Canada Onshore

 

Gas

 

Q4 2020

 

Contracts to sell natural gas at USD Index
  pricing

 

59 MMCF/Day