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Revenue from Contracts with Customers (Tables)
6 Months Ended
Jun. 30, 2018
Revenue from Contracts with Customers [Abstract]  
Disaggregation of Revenue



 

 

 

 

 

 

 

 



 

Three Months Ended

 

Six Months Ended



 

June 30,

 

June 30,

(Thousands of dollars)

 

2018

 

2017

 

2018

 

2017

Net crude oil and condensate revenue

 

 

 

 

 

 

 

 

United States – Onshore

$

198,823 

 

143,684 

 

381,472 

 

293,671 

 – Offshore

 

94,393 

 

47,669 

 

165,922 

 

101,481 

Canada    – Onshore

 

28,425 

 

11,658 

 

49,719 

 

20,778 

 – Offshore

 

48,316 

 

38,863 

 

102,631 

 

75,877 

Malaysia – Sarawak

 

85,596 

 

59,758 

 

162,902 

 

125,542 

 – Block K

 

101,609 

 

76,741 

 

196,181 

 

164,572 

Total crude oil and condensate revenue

 

557,162 

 

378,373 

 

1,058,827 

 

781,921 



 

 

 

 

 

 

 

 

Net natural gas liquids revenue

 

 

 

 

 

 

 

 

United States – Onshore

 

13,236 

 

9,077 

 

25,370 

 

18,724 

 – Offshore

 

2,920 

 

1,209 

 

4,559 

 

3,125 

Canada    – Onshore

 

3,448 

 

881 

 

6,916 

 

1,313 

Malaysia – Sarawak

 

4,002 

 

3,358 

 

10,193 

 

8,541 

Total natural gas liquids revenue

 

23,606 

 

14,525 

 

47,038 

 

31,703 



 

 

 

 

 

 

 

 

Net natural gas revenue

 

 

 

 

 

 

 

 

United States – Onshore

 

6,291 

 

8,006 

 

13,062 

 

15,041 

 – Offshore

 

2,826 

 

2,718 

 

5,762 

 

5,381 

Canada    – Onshore

 

28,089 

 

37,951 

 

67,683 

 

77,798 

Malaysia – Sarawak

 

36,997 

 

35,829 

 

69,380 

 

74,418 

 – Block K

 

179 

 

158 

 

352 

 

333 

Total natural gas revenue

 

74,382 

 

84,662 

 

156,239 

 

172,971 

Total revenue from contracts with customers

 

655,150 

 

477,560 

 

1,262,104 

 

986,595 



 

 

 

 

 

 

 

 

Gain (loss) on crude contracts

 

(37,624)

 

26,861 

 

(67,126)

 

63,938 

Other operating income (loss)

 

448 

 

5,191 

 

8,939 

 

3,738 

Gain (loss) on sale of assets

 

220 

 

(1,333)

 

(118)

 

130,648 

Total revenue

$

618,194 

 

508,279 

 

1,203,799 

 

1,184,919 



Current Long-Term Contracts Outstanding



 

 

 

 

 

 

 

 

Current Long-Term Contracts Outstanding at June 30, 2018

Location

 

Commodity

 

End Date

 

Description

 

Approximate 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

 

60 MMCF/Day

Canada Onshore

 

Gas

 

Q4 2024

 

Contracts to sell natural gas at USD Index
pricing

 

30 MMCF/Day

Canada Onshore

 

Gas

 

Q4 2026

 

Contracts to sell natural gas at USD Index
pricing

 

38 MMCF/Day