Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

For the three-months ended September 30, 2019 and 2018, the Company recognized $750.3 million and $475.5 million, respectively, from contracts with customers for the sales of oil, natural gas liquids and natural gas. For the nine-months ended September 30, 2019 and 2018 the Company recognized $2,060.1 million and $1,330.4 million, respectively, from contracts with customers for the sales of oil, natural gas liquids and natural gas.

		Three Months Ended September 30,				Nine Months Ended September 30,
(Thousands of dollars)		2019		2018		2019	2018
Net crude oil and condensate revenue
United States	Onshore	$	219,515	227,022		547,756	612,194
	Offshore	398,518		95,059		1,090,462	264,174
Canada	Onshore	31,758		34,504		88,730	87,018
	Offshore	28,408		35,929		115,686	141,313
Other		1,933		3,156		7,908	3,156
Total crude oil and condensate revenue		680,132		395,670		1,850,542	1,107,855
Net natural gas liquids revenue
United States	Onshore	5,557		19,196		22,497	48,615
	Offshore	8,414		3,600		18,184	9,013
Canada	Onshore	2,751		4,140		8,987	11,062
Total natural gas liquids revenue		16,722		26,936		49,668	68,690
Net natural gas revenue
United States	Onshore	5,848		8,833		20,762	25,670
	Offshore	15,879		3,965		29,575	11,161
Canada	Onshore	31,756		40,054		109,580	117,023
Total natural gas revenue		53,483		52,852		159,917	153,854
Total revenue from contracts with customers		750,337		475,458		2,060,127	1,330,399
Gain (loss) on crude contracts		63,247		(2,223	)	121,163	(69,349	)
Gain on sale of assets and other income 1		3,493		17,276		10,283	26,713
Total revenue		$	817,077	490,511		2,191,573	1,287,763

¹ Gain on sale of Malaysia operations of $960.0 million is reported in discontinued operations. See Note E.

Current Long-Term Contracts Outstanding

As of September 30, 2019, the Company had the following sales contracts in place which are expected to generate revenue from sales to customers for a period of 12 months or more starting at the inception of the contract:

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Current Long-Term Contracts Outstanding at September 30, 2019
Location	Commodity	End Date	Description	Approximate Volumes
U.S.	Oil	Q4 2021	Fixed quantity delivery in Eagle Ford	17,000 BOED
U.S.	Oil, Gas and NGL	Q2 2026	Deliveries from dedicated acreage in Eagle Ford	As produced
U.S.	NGL	Q4 2020	Dedicated acreage delivery in GOM	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 2021	Contracts to sell natural gas at USD Index pricing	10 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
Canada	Gas	Q4 2026	Contracts to sell natural gas at USD Index pricing	11 MMCFD