Revenue from Contracts with Customers (Tables)

3 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

For the three months ended March 31, 2020 and 2019, the Company recognized $600.6 million and $629.4 million, respectively, from contracts with customers for the sales of oil, natural gas liquids and natural gas.

		Three Months Ended March 31,
(Thousands of dollars)		2020		2019
Net crude oil and condensate revenue
United States	Onshore	$	131,236	134,676
	Offshore	346,972		339,663
Canada	Onshore	23,383		28,941
	Offshore	24,614		44,924
Other		1,864		2,852
Total crude oil and condensate revenue		528,069		551,056
Net natural gas liquids revenue
United States	Onshore	5,503		8,221
	Offshore	5,026		5,292
Canada	Onshore	2,034		3,461
Total natural gas liquids revenue		12,563		16,974
Net natural gas revenue
United States	Onshore	5,558		7,574
	Offshore	14,995		4,477
Canada	Onshore	39,373		49,273
Total natural gas revenue		59,926		61,324
Total revenue from contracts with customers		600,558		629,354
Gain (loss) on crude contracts		400,672		—
Gain on sale of assets and other income		2,498		1,192
Total revenue and other income		$	1,003,728	630,546

Current Long-Term Contracts Outstanding

As of March 31, 2020, 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:

໿

Current Long-Term Contracts Outstanding at March 31, 2020
				Approximate Volumes
Location	Commodity	End Date	Description
U.S.	Oil	Q4 2021	Fixed quantity delivery in Eagle Ford	17,000 BOED
U.S.	Natural 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	Natural Gas	Q4 2020	Contracts to sell natural gas at Alberta AECO fixed prices	59 MMCFD
Canada	Natural Gas	Q4 2020	Contracts to sell natural gas at USD Index pricing	60 MMCFD
Canada	Natural Gas	Q4 2021	Contracts to sell natural gas at USD Index pricing	10 MMCFD
Canada	Natural Gas	Q4 2024	Contracts to sell natural gas at USD Index pricing	30 MMCFD
Canada	Natural Gas	Q4 2026	Contracts to sell natural gas at USD Index pricing	38 MMCFD
Canada	Natural Gas	Q4 2026	Contracts to sell natural gas at USD Index pricing	11 MMCFD