XML 35 R25.htm IDEA: XBRL DOCUMENT v3.22.1
Revenue from Contracts with Customers (Tables)
 3 Months Ended
Mar. 31, 2022
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
Three Months Ended
March 31,
(Thousands of dollars)20222021
Net crude oil and condensate revenue
United States
Onshore$171,696 114,490 
                     Offshore465,621 328,341 
Canada    
Onshore36,697 29,903 
Offshore28,832 18,062 
Total crude oil and condensate revenue702,846 490,796 
Net natural gas liquids revenue
United States
Onshore16,685 7,528 
 
Offshore13,979 10,054 
Canada
Onshore4,867 3,987 
Total natural gas liquids revenue35,531 21,569 
Net natural gas revenue
United States
Onshore11,369 6,443 
Offshore26,201 22,138 
Canada
Onshore58,581 51,581 
Total natural gas revenue96,151 80,162 
Revenue from production834,528 592,527 
Sales of purchased natural gas1
36,846 — 
Total revenue from sales to customers871,374 592,527 
Loss on crude contracts(320,777)(214,385)
Gain on sale of assets and other income2,364 1,843 
Total revenues and other income$552,961 379,985 
1  Sales of purchase natural gas are associated with Canada Onshore.
Current Long-Term Contracts Outstanding
As of March 31, 2022, the Company had the following sales contracts in place which are expected to generate revenue from sales to customers for a period of more than 12 months starting at the inception of the contract:
Current Long-Term Contracts Outstanding at March 31, 2022
LocationCommodityEnd DateDescriptionApproximate Volumes
U.S.Natural Gas and NGLQ1 2023Deliveries from dedicated acreage in Eagle FordAs produced
CanadaNatural GasQ4 2022Contracts to sell natural gas at USD index pricing8 MMCFD
CanadaNatural GasQ4 2022Contracts to sell natural gas at CAD fixed prices5 MMCFD
CanadaNatural GasQ4 2022Contracts to sell natural gas at USD fixed pricing20 MMCFD
CanadaNatural GasQ4 2023Contracts to sell natural gas at USD index pricing25 MMCFD
CanadaNatural GasQ4 2023Contracts to sell natural gas at CAD fixed prices38 MMCFD
CanadaNatural GasQ4 2024Contracts to sell natural gas at USD index pricing31 MMCFD
CanadaNatural GasQ4 2024Contracts to sell natural gas at CAD fixed prices100 MMCFD
CanadaNatural GasQ4 2024Contracts to sell natural gas at CAD fixed prices34 MMCFD
CanadaNatural GasQ4 2024Contracts to sell natural gas at USD fixed pricing15 MMCFD
CanadaNatural GasQ4 2026Contracts to sell natural gas at USD index pricing49 MMCFD
CanadaNGLQ3 2023Contracts to sell natural gas liquids at CAD pricing952 BOED