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



 

For the Year Ended



 

December 31,

(Thousands of dollars)

 

2018

 

2017

 

2016

Net crude oil and condensate revenue

 

 

 

 

 

 

United States – Onshore

$

778,198 

 

644,023 

 

508,045 

 – Offshore 1

 

403,523 

 

208,984 

 

172,022 

Canada    – Onshore

 

105,651 

 

51,013 

 

92,605 

 – Offshore

 

170,895 

 

147,230 

 

138,425 

Malaysia – Sarawak

 

282,370 

 

241,774 

 

209,751 

 – Block K

 

406,653 

 

378,401 

 

403,912 

Other

 

6,079 

 

– 

 

– 

Total crude oil and condensate revenue

 

2,153,369 

 

1,671,425 

 

1,524,760 



 

 

 

 

 

 

Net natural gas liquids revenue

 

 

 

 

 

 

United States – Onshore

 

53,335 

 

43,804 

 

28,316 

 – Offshore 1

 

10,269 

 

6,894 

 

5,781 

Canada    – Onshore

 

14,657 

 

5,450 

 

1,351 

Malaysia – Sarawak

 

19,798 

 

19,733 

 

10,001 

Total natural gas liquids revenue

 

98,059 

 

75,881 

 

45,449 



 

 

 

 

 

 

Net natural gas revenue

 

 

 

 

 

 

United States – Onshore

 

28,335 

 

27,460 

 

24,281 

 – Offshore 1

 

14,525 

 

10,480 

 

10,839 

Canada    – Onshore

 

147,613 

 

155,125 

 

129,968 

Malaysia – Sarawak

 

144,222 

 

137,479 

 

126,975 

 – Block K

 

504 

 

698 

 

619 

Total natural gas revenue

 

335,199 

 

331,242 

 

292,682 

Total revenue from contracts with customers

 

2,586,627 

 

2,078,548 

 

1,862,891 



 

 

 

 

 

 

Gain (loss) on crude contracts

 

(41,975)

 

9,566 

 

(63,412)

Other operating income

 

25,897 

 

9,581 

 

10,096 

Gain on sale of assets

 

54 

 

127,434 

 

1,663 

Total revenue

$

2,570,603 

 

2,225,129 

 

1,811,238 

1 2018 includes revenue attributable to noncontrolling interest in MP GOM, effective November 30, 2018.

Current Long-Term Contracts Outstanding



 

 

 

 

 

 

 

 

Current Long-Term Contracts Outstanding at December 31, 2018

Location

 

Commodity

 

End Date

 

Description

 

Approximate Volumes

U.S.

 

Oil

 

Q3 2019

 

Fixed quantity delivery in Eagle Ford

 

4,000 BOED

U.S.

 

Oil

 

Q4 2021

 

Fixed quantity delivery in Eagle Ford

 

17,000 BOED

U.S.

 

Gas and NGL

 

Q2 2026

 

Deliveries from dedicated acreage in
   Eagle Ford

 

As produced

Canada

 

Gas

 

Q4 2020

 

Contracts to sell natural gas
at Alberta AECO fixed prices

 

59 MMCFD

Canada

 

Gas

 

Q4 2020

 

Contracts to sell natural gas at USD Index
pricing

 

60 MMCFD

Canada

 

Gas

 

Q4 2024

 

Contracts to sell natural gas at USD Index
pricing

 

30 MMCFD

Canada

 

Gas

 

Q4 2026

 

Contracts to sell natural gas at USD Index
pricing

 

38 MMCFD