XML 63 R52.htm IDEA: XBRL DOCUMENT v3.10.0.1
Supplemental Oil and Gas Information (Tables)
 12 Months Ended
Dec. 31, 2018
Reserve Quantities [Line Items]  
Costs Incurred in Oil and Gas Property Acquisition, Exploration and Development Activities



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

(Millions of dollars)

United
States

 

Canada

 

Malaysia

 

Other

 

Total

Year ended December 31, 2018

 

 

 

 

 

 

 

 

 

 

Property acquisition costs

 

 

 

 

 

 

 

 

 

 

        Unproved

$

 2.8 

 

– 

 

– 

 

 0.2 

 

 3.0 

        Proved

 

 794.3 

 

– 

 

– 

 

– 

 

 794.3 

                Total acquisition costs

 

 797.1 

 

– 

 

– 

 

 0.2 

 

 797.3 

Exploration costs 1

 

 88.1 

 

 0.6 

 

 2.2 

 

 35.1 

 

 126.0 

Development costs 1

 

 853.7 

 

 373.8 

 

 145.9 

 

 16.6 

 

 1,390.0 

                Total costs incurred

 

 1,738.9 

 

 374.4 

 

 148.1 

 

 51.9 

 

 2,313.3 

Charged to expense

 

 

 

 

 

 

 

 

 

 

        Dry hole expense

 

 16.0 

 

– 

 

 0.1 

 

 4.5 

 

 20.6 

        Geophysical and other costs

 

 13.4 

 

 0.6 

 

 2.1 

 

 31.3 

 

 47.4 

                Total charged to expense

 

 29.4 

 

 0.6 

 

 2.2 

 

 35.8 

 

 68.0 

Property additions

$

 1,709.5 

 

 373.8 

 

 145.9 

 

 16.1 

 

 2,245.3 

Year ended December 31, 2017

 

 

 

 

 

 

 

 

 

 

Property acquisition costs

 

 

 

 

 

 

 

 

 

 

        Unproved

$

 50.4 

 

– 

 

– 

 

 13.0 

 

 63.4 

        Proved

 

 7.7 

 

– 

 

– 

 

– 

 

 7.7 

                Total acquisition costs

 

 58.1 

 

– 

 

– 

 

 13.0 

 

 71.1 

Exploration costs 1

 

 13.7 

 

 0.6 

 

 (8.9)

 

 73.8 

 

 79.2 

Development costs 1

 

 508.4 

 

 273.8 

 

 35.7 

 

 1.1 

 

 819.0 

                Total costs incurred

 

 580.2 

 

 274.4 

 

 26.8 

 

 87.9 

 

 969.3 

Charged to expense

 

 

 

 

 

 

 

 

 

 

        Dry hole expense

 

 (1.9)

 

– 

 

 0.7 

 

 (3.0)

 

 (4.2)

        Geophysical and other costs

 

 9.7 

 

 0.5 

 

 1.7 

 

 53.3 

 

 65.2 

                Total charged to expense

 

 7.8 

 

 0.5 

 

 2.4 

 

 50.3 

 

 61.0 

Property additions

$

 572.4 

 

 273.9 

 

 24.4 

 

 37.6 

 

 908.3 

Year ended December 31, 2016

 

 

 

 

 

 

 

 

 

 

Property acquisition costs

 

 

 

 

 

 

 

 

 

 

        Unproved

$

 18.6 

 

– 

 

– 

 

– 

 

 18.6 

        Proved

 

– 

 

 206.7 

 

– 

 

– 

 

 206.7 

                Total acquisition costs

 

 18.6 

 

 206.7 

– 

– 

 

– 

 

 225.3 

Exploration costs 1

 

 18.5 

 

 3.6 

 

 6.0 

 

 42.0 

 

 70.1 

Development costs 1

 

 239.7 

 

 165.1 

 

 102.9 

 

 0.3 

 

 508.0 

                Total costs incurred

 

 276.8 

 

 375.4 

 

 108.9 

 

 42.3 

 

 803.4 

Charged to expense

 

 

 

 

 

 

 

 

 

 

        Dry hole expense

 

 0.4 

 

– 

 

 4.5 

 

 10.2 

 

 15.1 

        Geophysical and other costs

 

 5.7 

 

 3.6 

 

 0.7 

 

 33.4 

 

 43.4 

                Total charged to expense

 

 6.1 

 

 3.6 

 

 5.2 

 

 43.6 

 

 58.5 

Property additions

$

 270.7 

 

 371.8 

 

 103.7 

 

 (1.3)

 

 744.9 



1 Includes noncash asset retirement costs as follows:



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

             2018

 

 

 

 

 

 

 

 

 

 

              Exploration costs

$

– 

 

– 

 

– 

 

– 

 

– 

              Development costs

 

 366.0 

 

 –

 

 7.3 

 

 0.2 

 

 373.5 



$

 366.0 

 

 –

 

 7.3 

 

 0.20 

 

 373.5 

              2017

 

 

 

 

 

 

 

 

 

 

              Exploration costs

$

– 

 

– 

 

– 

 

– 

 

– 

              Development costs

 

 37.6 

 

 6.3 

 

 8.4 

 

– 

 

 52.3 



$

 37.6 

 

 6.3 

 

 8.4 

 

– 

 

 52.3 

              2016

 

 

 

 

 

 

 

 

 

 

              Exploration costs

$

– 

 

 –

 

 –

 

– 

 

 –

              Development costs

 

 0.9 

 

 10.5 

 

 2.3 

 

– 

 

 13.7 



$

 0.9 

 

 10.5 

 

 2.3 

 

– 

 

 13.7 



Results of Operations for Oil andGas Producing Activities



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 



United

 

 

 

 

 

 

 

 

 

(Millions of dollars)

States

 

Canada

 

 

Malaysia

 

Other

 

Total

Year ended December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

    Crude oil and natural gas liquids sales

$

 1,245.3 

 

 291.2 

 

 

 708.8 

 

 6.1 

 

 2,251.4 

    Natural gas sales

 

 42.9 

 

 147.6 

 

 

 144.7 

 

– 

 

 335.2 

            Total oil and gas revenues

 

 1,288.2 

 

 438.8 

 

 

 853.5 

 

 6.1 

 

 2,586.6 

    Other operating revenues

 

 1.4 

 

 (0.2)

 

 

 0.7 

 

 16.1 

 

 18.0 

            Total revenues

 

 1,289.6 

 

 438.6 

 

 

 854.2 

 

 22.2 

 

 2,604.6 

Costs and expenses

 

 

 

 

 

 

 

 

 

 

 

    Lease operating expenses

 

 230.5 

 

 122.6 

 

 

 202.1 

 

 0.7 

 

 555.9 

    Severance and ad valorem taxes

 

 50.9 

 

 1.2 

 

 

– 

 

– 

 

 52.1 

    Exploration costs charged to expense

 

 29.4 

 

 0.6 

 

 

 2.2 

 

 31.6 

 

 63.8 

    Undeveloped lease amortization

 

 36.8 

 

 0.8 

 

 

– 

 

 2.5 

 

 40.1 

    Depreciation, depletion and amortization

 

 519.5 

 

 232.4 

 

 

 198.6 

 

 3.5 

 

 954.0 

    Accretion of asset retirement obligations

 

 19.5 

 

 7.7 

 

 

 17.4 

 

– 

 

 44.6 

    Impairment of assets

 

 20.0 

 

– 

 

 

– 

 

– 

 

 20.0 

    Redetermination expense

 

– 

 

– 

 

 

 11.3 

 

– 

 

 11.3 

    Selling and general expenses

 

 49.0 

 

 26.8 

 

 

 10.8 

 

 23.5 

 

 110.1 

    Other expenses (benefits)

 

 23.0 

 

 (19.1)

 

 

 (1.0)

 

 2.3 

 

 5.2 

            Total costs and expenses

 

 978.6 

 

 373.0 

 

 

 441.4 

 

 64.1 

 

 1,857.1 

            Results of operations before taxes

 

 311.0 

 

 65.6 

 

 

 412.8 

 

 (41.9)

 

 747.5 

    Income tax expense (benefit)

 

 68.1 

 

 14.5 

 

 

 143.3 

 

 (25.3)

 

 200.6 

            Results of operations

$

 242.9 

 

 51.1 

 

 

 269.5 

 

 (16.6)

 

 546.9 

Year ended December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

    Crude oil and natural gas liquids sales

$

 903.7 

 

 203.7 

 

 

 639.9 

 

– 

 

 1,747.3 

    Natural gas sales

 

 37.9 

 

 155.1 

 

 

 138.2 

 

– 

 

 331.2 

            Total oil and gas revenues

 

 941.6 

 

 358.8 

 

 

 778.1 

 

– 

 

 2,078.5 

    Other operating revenues

 

 2.7 

 

 126.7 

 

 

 3.0 

 

– 

 

 132.4 

            Total revenues

 

 944.3 

 

 485.5 

 

 

 781.1 

 

– 

 

 2,210.9 

Costs and expenses

 

 

 

 

 

 

 

 

 

 

 

    Lease operating expenses

 

 198.5 

 

 101.1 

 

 

 168.8 

 

– 

 

 468.4 

    Severance and ad valorem taxes

 

 42.2 

 

 1.5 

 

 

– 

 

– 

 

 43.7 

    Exploration costs charged to expense

 

 7.8 

 

 0.5 

 

 

 2.4 

 

 50.3 

 

 61.0 

    Undeveloped lease amortization

 

 60.2 

 

 1.6 

 

 

– 

 

– 

 

 61.8 

    Depreciation, depletion and amortization

 

 546.1 

 

 185.4 

 

 

 204.6 

 

 3.8 

 

 939.9 

    Accretion of asset retirement obligations

 

 17.4 

 

 7.9 

 

 

 17.3 

 

– 

 

 42.6 

    Redetermination expense

 

– 

 

– 

 

 

 15.0 

 

– 

 

 15.0 

    Selling and general expenses

 

 61.8 

 

 28.3 

 

 

 14.0 

 

 19.6 

 

 123.7 

    Other expenses

 

 20.0 

 

 2.3 

 

 

 8.4 

 

– 

 

 30.7 

            Total costs and expenses

 

 954.0 

 

 328.6 

 

 

 430.5 

 

 73.7 

 

 1,786.8 

            Results of operations before taxes

 

 (9.7)

 

 156.9 

 

 

 350.6 

 

 (73.7)

 

 424.1 

    Income tax expense (benefit)

 

 (0.8)

 

 44.4 

 

 

 126.4 

 

 (36.2)

 

 133.8 

            Results of operations

$

 (8.9)

 

 112.5 

 

 

 224.2 

 

 (37.5)

 

 290.3 

1 Results exclude corporate overhead, interest and discontinued operations. 2018 includes noncontrolling interest in MP GOM.

















Schedule 5 – Results of Operations for Oil and Gas Producing Activities 1 – Continued







 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

Canada

 

 

 

 

 

 



United

 

Conven-

 

 

 

 

 

 

 

 

(Millions of dollars)

States

 

tional

 

Synthetic

 

Malaysia

 

Other

 

Total

Year ended December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

    Crude oil and natural gas liquids sales

$

 714.1 

 

 171.7 

 

 60.7 

 

 623.7 

 

– 

 

 1,570.2 

    Natural gas sales

 

 35.1 

 

 130.0 

 

– 

 

 127.6 

 

– 

 

 292.7 

            Total oil and gas revenues

 

 749.2 

 

 301.7 

 

 60.7 

 

 751.3 

 

– 

 

 1,862.9 

    Other operating revenues

 

 (0.1)

 

 (0.7)

 

 3.6 

 

 2.1 

 

 0.2 

 

 5.1 

            Total revenues

 

 749.1 

 

 301.0 

 

 64.3 

 

 753.4 

 

 0.2 

 

 1,868.0 

Costs and expenses

 

 

 

 

 

 

 

 

 

 

 

 

    Lease operating expenses

 

 218.6 

 

 102.6 

 

 69.8 

 

 168.4 

 

– 

 

 559.4 

    Severance and ad valorem taxes

 

 37.0 

 

 4.3 

 

 2.5 

 

– 

 

– 

 

 43.8 

    Exploration costs charged to expense

 

 6.1 

 

 3.6 

 

– 

 

 5.2 

 

 43.6 

 

 58.5 

    Undeveloped lease amortization

 

 38.4 

 

 4.5 

 

– 

 

– 

 

 0.5 

 

 43.4 

    Depreciation, depletion and amortization

 

 600.5 

 

 186.7 

 

 16.5 

 

 227.7 

 

 5.9 

 

 1,037.3 

    Accretion of asset retirement obligations

 

 17.1 

 

 10.9 

 

 2.4 

 

 16.3 

 

– 

 

 46.7 

    Impairment of assets

 

– 

 

 95.1 

 

– 

 

– 

 

– 

 

 95.1 

    Redetermination expense

 

– 

 

– 

 

– 

 

 39.1 

 

– 

 

 39.1 

    Selling and general expenses

 

 54.0 

 

 28.2 

 

 0.5 

 

 15.4 

 

 33.6 

 

 131.7 

    Other expenses

 

 7.3 

 

 7.9 

 

– 

 

 24.3 

 

 (9.9)

 

 29.6 

            Total costs and expenses

 

 979.0 

 

 443.8 

 

 91.7 

 

 496.4 

 

 73.7 

 

 2,084.6 

            Results of operations before taxes

 

 (229.9)

 

 (142.8)

 

 (27.4)

 

 257.0 

 

 (73.5)

 

 (216.6)

    Income tax expense (benefit)

 

 (65.7)

 

 (58.9)

 

 (75.4)

 

 85.9 

 

 (18.8)

 

 (132.9)

            Results of operations

$

 (164.2)

 

 (83.9)

 

 48.0 

 

 171.1 

 

 (54.7)

 

 (83.7)



1 Results exclude corporate overhead, interest and discontinued operations.

Standardized Measure of Discounted Future Net Cash Flow Relating to Proved Oil and Gas Reserves



 

 

 

 

 

 

 

 

(Millions of dollars)

United
States

 

Canada

 

Malaysia

 

Total

December 31, 2018

 

 

 

 

 

 

 

 

Future cash inflows

$

 23,473.9 

 

 5,437.5 

 

 5,511.6 

 

 34,423.0 

Future development costs

 

 (3,279.1)

 

 (1,362.7)

 

 (517.4)

 

 (5,159.2)

Future production costs

 

 (7,279.5)

 

 (2,693.0)

 

 (2,813.4)

 

 (12,785.9)

Future income taxes

 

 (2,216.5)

 

 (236.4)

 

 (472.0)

 

 (2,924.9)

        Future net cash flows

 

 10,698.8 

 

 1,145.4 

 

 1,708.8 

 

 13,553.0 

10% annual discount for estimated timing
    of cash flows

 

 (4,295.4)

 

 (531.4)

 

 (446.3)

 

 (5,273.1)

        Standardized measure of discounted
            future net cash flows

$

 6,403.4 

 

 614.0 

 

 1,262.5 

 

 8,279.9 

December 31, 2017

 

 

 

 

 

 

 

 

Future cash inflows

$

 12,885.8 

 

 4,714.3 

 

 4,392.0 

 

 21,992.1 

Future development costs

 

 (2,079.5)

 

 (1,081.7)

 

 (632.3)

 

 (3,793.5)

Future production costs

 

 (4,765.3)

 

 (2,507.4)

 

 (2,305.0)

 

 (9,577.7)

Future income taxes

 

 (893.7)

 

 (161.1)

 

 (232.2)

 

 (1,287.0)

        Future net cash flows

 

 5,147.3 

 

 964.1 

 

 1,222.5 

 

 7,333.9 

10% annual discount for estimated timing
    of cash flows

 

 (2,698.2)

 

 (394.6)

 

 (318.2)

 

 (3,411.0)

        Standardized measure of discounted
            future net cash flows

$

 2,449.1 

 

 569.5 

 

 904.3 

 

 3,922.9 

December 31, 2016

 

 

 

 

 

 

 

 

Future cash inflows

$

 9,477.9 

 

 3,752.7 

 

 4,318.7 

 

 17,549.3 

Future development costs

 

 (1,691.1)

 

 (1,143.6)

 

 (763.8)

 

 (3,598.5)

Future production costs

 

 (3,981.6)

 

 (2,329.7)

 

 (2,661.2)

 

 (8,972.5)

Future income taxes

 

 (118.9)

 

 (81.3)

 

 (73.3)

 

 (273.5)

        Future net cash flows

 

 3,686.3 

 

 198.1 

 

 820.4 

 

 4,704.8 

10% annual discount for estimated timing
    of cash flows

 

 (1,799.5)

 

 (95.0)

 

 (230.3)

 

 (2,124.8)

        Standardized measure of discounted
            future net cash flows

$

 1,886.8 

 

 103.1 

 

 590.1 

 

 2,580.0 

1  2018 includes noncontrolling interest in MP GOM.

Principal Sources of Change in the Standardized Measure of Discounted Future Net Cash Flows



 

 

 

 

 

 



 

 

 

 

 

 

(Millions of dollars)

 

2018

 

2017

 

2016

Net changes in prices and production costs

$

 2,972.6 

 

 2,428.4 

 

 (1,476.1)

Net changes in development costs

 

 (1,891.1)

 

 (724.4)

 

 544.9 

Sales and transfers of oil and gas produced, net of production costs

 

 (1,978.6)

 

 (1,576.0)

 

 (1,196.3)

Net change due to extensions and discoveries

 

 1,930.3 

 

 807.9 

 

 280.5 

Net change due to purchases and sales of proved reserves

 

 3,152.4 

 

 85.9 

 

 (583.4)

Development costs incurred 

 

 1,017.3 

 

 802.7 

 

 479.6 

Accretion of discount

 

 469.5 

 

 270.9 

 

 428.1 

Revisions of previous quantity estimates

 

 (347.8)

 

 (109.5)

 

 (49.2)

Net change in income taxes

 

 (967.6)

 

 (643.0)

 

 292.8 

       Net increase (decrease)

 

 4,357.0 

 

 1,342.9 

 

 (1,279.1)

Standardized measure at January 1

 

 3,922.9 

 

 2,580.0 

 

 3,859.1 

       Standardized measure at December 31

$

 8,279.9 

 

 3,922.9 

 

 2,580.0 



Capitalized Costs Relating to Oil and Gas Producing Activities



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

(Millions of dollars)

United
States

 

Canada

 

Malaysia

 

Other

 

Total

December 31, 2018

 

 

 

 

 

 

 

 

 

 

Unproved oil and gas properties

$

 394.2 

 

 250.0 

 

 21.2 

 

 176.9 

 

 842.3 

Proved oil and gas properties

 

 11,678.3 

 

 3,693.0 

 

 6,263.5 

 

– 

 

 21,634.8 

            Gross capitalized costs

 

 12,072.5 

 

 3,943.0 

 

 6,284.7 

 

 176.9 

 

 22,477.1 

Accumulated depreciation,
    depletion and amortization

 

 

 

 

 

 

 

 

 

 

        Unproved oil and gas properties

 

 (129.3)

 

 (213.5)

 

– 

 

 (25.4)

 

 (368.2)

        Proved oil and gas properties

 

 (5,433.7)

 

 (2,088.8)

 

 (4,963.5)

 

– 

 

 (12,486.0)

            Net capitalized costs

$

 6,509.5 

 

 1,640.7 

 

 1,321.2 

 

 151.5 

 

 9,622.9 

December 31, 2017

 

 

 

 

 

 

 

 

 

 

Unproved oil and gas properties

$

 360.9 

 

 286.8 

 

 20.5 

 

 162.1 

 

 830.3 

Proved oil and gas properties

 

 9,606.4 

 

 3,603.4 

 

 6,139.7 

 

– 

 

 19,349.5 

            Gross capitalized costs

 

 9,967.3 

 

 3,890.2 

 

 6,160.2 

 

 162.1 

 

 20,179.8 

Accumulated depreciation,
    depletion and amortization

 

 

 

 

 

 

 

 

 

 

        Unproved oil and gas properties

 

 (149.5)

 

 (230.7)

 

– 

 

 (21.8)

 

 (402.0)

        Proved oil and gas properties

 

 (4,893.8)

 

 (2,027.9)

 

 (4,774.5)

 

– 

 

 (11,696.2)

            Net capitalized costs

$

 4,924.0 

 

 1,631.6 

 

 1,385.7 

 

 140.3 

 

 8,081.6 



Crude Oil And Condensate [Member]  
Reserve Quantities [Line Items]  
Summary of Proved Reserves Based on Average Prices



 

 

 

 

 

 

 

 

 

 

 



Crude &

Synthetic

Oil

 

Crude Oil

 

Synthetic

Oil 1

(Millions of barrels)

Total

 

Total

 

United
States

 

Canada

 

Malaysia

 

Canada

Proved developed and
    undeveloped crude oil /
    synthetic oil reserves:

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 456.2 

 

 341.4 

 

 238.9 

 

 27.9 

 

 74.6 

 

 114.8 

Revisions of previous estimates

 (5.8)

 

 (5.8)

 

 (10.9)

 

 2.5 

 

 2.6 

 

 –

Extensions and discoveries

 11.0 

 

 11.0 

 

 8.6 

 

 –

 

 2.4 

 

 –

Purchases of properties

 26.3 

 

 26.3 

 

 –

 

 26.3 

 

 –

 

 –

Sales of properties

 (121.0)

 

 (7.8)

 

 (4.5)

 

 (3.3)

 

 –

 

 (113.2)

Production

 (37.7)

 

 (36.1)

 

 (17.7)

 

 (4.5)

 

 (13.9)

 

 (1.6)

December 31, 2016

 329.0 

 

 329.0 

 

 214.4 

 

 48.9 

 

 65.7 

 

 (0.0)

Revisions of previous estimates

 (6.0)

 

 (6.0)

 

 (4.7)

 

 2.3 

 

 (3.6)

 

 –

Improved recovery

 2.0 

 

 2.0 

 

 –

 

 –

 

 2.0 

 

 –

Extensions and discoveries

 31.6 

 

 31.6 

 

 27.2 

 

 4.4 

 

 –

 

 –

Purchases of properties

 4.7 

 

 4.7 

 

 4.7 

 

 –

 

 –

 

 –

Production

 (33.2)

 

 (33.2)

 

 (16.9)

 

 (4.1)

 

 (12.2)

 

 –

December 31, 2017

 328.1 

 

 328.1 

 

 224.7 

 

 51.5 

 

 51.9 

 

 –

Revisions of previous estimates

 (15.3)

 

 (15.3)

 

 (15.0)

 

 (8.0)

 

 7.7 

 

 –

Improved recovery

 0.8 

 

 0.8 

 

 –

 

 –

 

 0.8 

 

 –

Extensions and discoveries

 58.9 

 

 58.9 

 

 42.9 

 

 16.0 

 

 –

 

 –

Purchases of properties

 93.6 

 

 93.6 

 

 92.3 

 

 –

 

 1.3 

 

 –

Production

 (33.6)

 

 (33.6)

 

 (18.4)

 

 (4.5)

 

 (10.7)

 

 –

     December 31, 2018 2

 432.5 

 

 432.5 

 

 326.5 

 

 55.0 

 

 51.0 

 

 –

Proved developed crude
    oil/ synthetic oil reserves:

 

 

 

 

 

 

 

 

 

 

 

        December 31, 2015

 326.6 

 

 211.8 

 

 125.9 

 

 23.8 

 

 62.1 

 

 114.8 

        December 31, 2016

 184.9 

 

 184.9 

 

 113.9 

 

 19.2 

 

 51.8 

 

 –

        December 31, 2017

 185.5 

 

 185.5 

 

 126.3 

 

 21.9 

 

 37.3 

 

 –

        December 31, 2018 3

 249.3 

 

 249.3 

 

 189.0 

 

 23.3 

 

 37.0 

 

 –

Proved undeveloped crude
    oil reserves:

 

 

 

 

 

 

 

 

 

 

 

        December 31, 2015

 129.6 

 

 129.6 

 

 113.0 

 

 4.1 

 

 12.5 

 

 –

        December 31, 2016

 144.1 

 

 144.1 

 

 100.5 

 

 29.7 

 

 13.9 

 

 –

        December 31, 2017

 142.6 

 

 142.6 

 

 98.4 

 

 29.6 

 

 14.6 

 

 –

        December 31, 2018 4

 183.2 

 

 183.2 

 

 137.5 

 

 31.7 

 

 14.0 

 

 –



1 All synthetic oil operations were sold in June 2016.

2 Includes total proved reserves of 25.5 MMBO for Total and United States attributable to the noncontrolling interest in MP GOM.

3 Includes proved developed reserves of 19.1 MMBO for Total and United States attributable to the noncontrolling interest in MP GOM.

4 Includes proved undeveloped reserves of 6.4 MMBO for Total and United States attributable to the noncontrolling interest in MP GOM. 

Natural Gas Liquids [Member]  
Reserve Quantities [Line Items]  
Summary of Proved Reserves Based on Average Prices



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

(Millions of barrels)

Total

 

United
States

 

Canada

 

Malaysia

 

Proved developed and undeveloped NGL reserves:

 

 

 

 

 

 

 

 

December 31, 2015

 36.4 

 

 35.4 

 

 0.4 

 

 0.6 

 

Revisions of previous estimates

 1.6 

 

 1.2 

 

 0.2 

 

 0.2 

 

Extensions and discoveries

 2.9 

 

 2.8 

 

 0.1 

 

 –

 

Purchase of properties

 5.1 

 

 –

 

 5.1 

 

 –

 

Production

 (3.5)

 

 (3.0)

 

 (0.2)

 

 (0.3)

 

December 31, 2016

 42.5 

 

 36.4 

 

 5.6 

 

 0.5 

 

Revisions of previous estimates

 1.3 

 

 2.0 

 

 (0.6)

 

 (0.1)

 

Extensions and discoveries

 7.8 

 

 7.0 

 

 0.8 

 

 –

 

Purchases of properties

 0.5 

 

 0.5 

 

 –

 

 –

 

Production

 (3.2)

 

 (2.9)

 

 (0.2)

 

 (0.1)

 

December 31, 2017

 48.9 

 

 43.0 

 

 5.6 

 

 0.3 

 

Revisions of previous estimates

 (6.2)

 

 (5.3)

 

 (1.6)

 

 0.7 

 

Extensions and discoveries

 12.0 

 

 9.7 

 

 2.3 

 

 –

 

Purchases of properties

 3.0 

 

 3.0 

 

 –

 

 –

 

Production

 (3.5)

 

 (2.8)

 

 (0.4)

 

 (0.3)

 

     December 31, 2018 1

 54.2 

 

 47.6 

 

 5.9 

 

 0.7 

 

Proved developed NGL reserves:

 

 

 

 

 

 

 

 

        December 31, 2015

 21.6 

 

 20.7 

 

 0.3 

 

 0.6 

 

        December 31, 2016

 22.2 

 

 20.8 

 

 0.9 

 

 0.5 

 

        December 31, 2017

 24.6 

 

 23.3 

 

 1.0 

 

 0.3 

 

        December 31, 2018 2

 27.3 

 

 24.9 

 

 1.7 

 

 0.7 

 

Proved undeveloped NGL reserves:

 

 

 

 

 

 

 

 

        December 31, 2015

 14.8 

 

 14.7 

 

 0.1 

 

 –

 

        December 31, 2016

 20.3 

 

 15.6 

 

 4.7 

 

 –

 

        December 31, 2017

 24.3 

 

 19.7 

 

 4.6 

 

 –

 

        December 31, 2018 3

 26.9 

 

 22.7 

 

 4.2 

 

 –

 



1 Includes total proved reserves of 1.1 MMBBL for Total and United States attributable to the noncontrolling interest in MP GOM.

2 Includes proved developed reserves of 0.8 MMBBL for Total and United States attributable to the noncontrolling interest in MP GOM.

3 Includes proved undeveloped reserves of 0.3 MMBBL for Total and United States attributable to the noncontrolling interest in MP GOM.

Natural Gas [Member]  
Reserve Quantities [Line Items]  
Summary of Proved Reserves Based on Average Prices



 

 

 

 

 

 

 

 

(Billions of cubic feet)

Total

 

United
States

 

Canada

 

Malaysia

 

Proved developed and undeveloped
    natural gas reserves:

 

 

 

 

 

 

 

 

December 31, 2015

 1,688.8 

 

 232.4 

 

 909.6 

 

 546.8 

 

Revisions of previous estimates

 43.3 

 

 0.1 

 

 45.3 

 

 (2.1)

 

Improved recovery

 164.2 

 

 6.4 

 

 120.2 

 

 37.6 

 

Extensions and discoveries

 122.3 

 

 –

 

 122.3 

 

 –

 

Sales of properties

 (2.2)

 

 (0.1)

 

 (2.1)

 

 –

 

Production

 (138.4)

 

 (19.4)

 

 (76.4)

 

 (42.6)

 

December 31, 2016

 1,878.0 

 

 219.4 

 

 1,118.9 

 

 539.7 

 

Revisions of previous estimates

 (5.4)

 

 (16.0)

 

 19.4 

 

 (8.8)

 

Extensions and discoveries

 190.6 

 

 32.2 

 

 156.7 

 

 1.7 

 

Purchases of properties

 4.0 

 

 4.0 

 

 –

 

 –

 

Production

 (140.1)

 

 (16.3)

 

 (82.6)

 

 (41.2)

 

December 31, 2017

 1,927.1 

 

 223.3 

 

 1,212.4 

 

 491.4 

 

Revisions of previous estimates

 (1.8)

 

 37.6 

 

 (51.2)

 

 11.8 

 

Improved recovery

 0.6 

 

 –

 

 –

 

 0.6 

 

Extensions and discoveries

 310.3 

 

 44.7 

 

 261.0 

 

 4.6 

 

Purchases of properties

 61.7 

 

 20.3 

 

 41.4 

 

 –

 

Production

 (154.3)

 

 (16.9)

 

 (97.2)

 

 (40.2)

 

     December 31, 2018 1

 2,143.6 

 

 309.0 

 

 1,366.4 

 

 468.2 

 

Proved developed natural gas reserves:

 

 

 

 

 

 

 

 

        December 31, 2015

 783.5 

 

 148.3 

 

 453.5 

 

 181.7 

 

        December 31, 2016

 818.1 

 

 138.7 

 

 498.9 

 

 180.5 

 

        December 31, 2017

 819.3 

 

 127.7 

 

 547.0 

 

 144.6 

 

        December 31, 2018 2

 921.6 

 

 198.3 

 

 595.0 

 

 128.3 

 

Proved undeveloped natural gas reserves:

 

 

 

 

 

 

 

 

        December 31, 2015

 905.3 

 

 84.1 

 

 456.1 

 

 365.1 

 

        December 31, 2016

 1,059.9 

 

 80.7 

 

 620.0 

 

 359.2 

 

        December 31, 2017

 1,107.8 

 

 95.6 

 

 665.5 

 

 346.7 

 

        December 31, 2018  3

 1,222.0 

 

 110.7 

 

 771.4 

 

 339.9 

 



1 Includes total proved reserves of 10.8 BCF for Total and United States attributable to the noncontrolling interest in MP GOM.

2 Includes proved developed reserves of 8.2 BCF for Total and United States attributable to the noncontrolling interest in MP GOM.

3 Includes proved undeveloped reserves of 2.6 BCF for Total and United States attributable to the noncontrolling interest in MP GOM.