XML 35 R25.htm IDEA: XBRL DOCUMENT v3.22.2
Revenue from Contracts with Customers (Tables)
6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
Three Months Ended
June 30,
Six Months Ended
June 30,
(Thousands of dollars)2022202120222021
Net crude oil and condensate revenue
United States
Onshore$264,841 183,267 $436,537 297,757 
                     Offshore612,526 411,076 1,078,147 739,417 
Canada    
Onshore40,417 30,695 77,114 60,598 
Offshore38,354 31,772 67,186 49,834 
Other
13,636 — 13,636 — 
Total crude oil and condensate revenue969,774 656,810 1,672,620 1,147,606 
Net natural gas liquids revenue
United States
Onshore18,062 9,596 34,747 17,124 
 
Offshore18,093 10,766 32,072 20,820 
Canada
Onshore5,001 3,240 9,868 7,227 
Total natural gas liquids revenue41,156 23,602 76,687 45,171 
Net natural gas revenue
United States
Onshore19,034 6,872 30,403 13,315 
Offshore43,567 17,273 69,768 39,411 
Canada
Onshore72,768 54,272 131,349 105,853 
Total natural gas revenue135,369 78,417 231,520 158,579 
Revenue from production1,146,299 758,829 1,980,827 1,351,356 
Sales of purchased natural gas
United States
Offshore181 — 181 — 
Canada
Onshore49,758 — 86,604 — 
Total sales of purchased natural gas49,939  86,785  
Total revenue from sales to customers1,196,238 758,829 2,067,612 1,351,356 
Loss on crude contracts(103,068)(226,245)(423,845)(440,630)
Gain on sale of assets and other income7,887 17,059 10,251 18,902 
Total revenues and other income$1,101,057 549,643 $1,654,018 929,628 
Current Long-Term Contracts Outstanding
As of June 30, 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 June 30, 2022
LocationCommodityEnd DateDescriptionApproximate Volumes
U.S.Natural Gas and NGLQ2 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