Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The Company’s revenues and other income for the three-month and nine-month periods ended September 30, 2024 and 2023 were as follows.

	Three Months Ended September 30,				Nine Months Ended September 30,
(Thousands of dollars)	2024		2023		2024		2023
Net crude oil and condensate revenue
United States - Onshore	$	161,965	$	207,448	$	450,463	$	514,614
United States - Offshore 1	399,940		568,721		1,382,071		1,549,872
Canada - Onshore	20,852		20,610		54,305		61,868
Canada - Offshore	80,226		22,272		178,327		63,273
Other	(795)		3,442		3,414		7,086
Total crude oil and condensate revenue	662,188		822,493		2,068,580		2,196,713
Net natural gas liquids revenue
United States - Onshore	8,134		9,953		23,281		24,763
United States - Offshore 1	9,812		10,908		29,523		37,078
Canada - Onshore	2,402		2,539		5,434		7,519
Total natural gas liquids revenue	20,348		23,400		58,238		69,360
Net natural gas revenue
United States - Onshore	4,265		6,035		11,893		15,623
United States - Offshore 1	12,311		18,377		35,700		55,311
Canada - Onshore	54,057		75,584		170,871		204,949
Total natural gas revenue	70,633		99,996		218,464		275,883
Revenue from production	753,169		945,889		2,345,282		2,541,956
Sales of purchased natural gas
Canada - Onshore	–		7,877		3,742		64,628
Total sales of purchased natural gas	–		7,877		3,742		64,628
Total revenue from sales to customers	753,169		953,766		2,349,024		2,606,584
(Loss) on derivative instruments	(1,344)		–		(1,344)		–
Gain on sale of assets and other income	6,506		5,879		9,834		9,365
Total revenues and other income	$	758,331	$	959,645	$	2,357,514	$	2,615,949

1 Includes revenue attributable to noncontrolling interest in MP GOM.

Current Long-Term Contracts Outstanding

As of September 30, 2024, the Company had the following sales contracts in place which are expected to generate revenue from sales to customers for a period over 12 months starting at the inception of the contract:

Long-Term Contracts Outstanding at September 30, 2024
Location	Commodity	End Date	Description	Approximate Volumes
U.S.	Natural Gas and NGL	Q2 2030	Deliveries from dedicated acreage in Eagle Ford	As produced
Canada	Natural Gas	Q4 2024	Contracts to sell natural gas at USD index pricing	31 MMCFD
Canada	Natural Gas	Q4 2024	Contracts to sell natural gas at CAD fixed pricing	124 MMCFD
Canada	Natural Gas	Q4 2024	Contracts to sell natural gas at USD fixed pricing	25 MMCFD
Canada	Natural Gas	Q4 2024	Contracts to sell natural gas at CAD index pricing	28 MMCFD
Canada	Natural Gas	Q4 2025	Contracts to sell natural gas at USD index pricing	25 MMCFD
Canada	Natural Gas	Q4 2025	Contracts to sell natural gas at CAD fixed pricing	40 MMCFD
Canada	Natural Gas	Q4 2026	Contracts to sell natural gas at USD index pricing	49 MMCFD
Canada	Natural Gas	Q4 2026	Contracts to sell natural gas at CAD fixed pricing	50 MMCFD
Canada	Natural Gas	Q4 2027	Contracts to sell natural gas at USD index pricing	30 MMCFD
Canada	Natural Gas	Q4 2028	Contracts to sell natural gas at USD index pricing	10 MMCFD
Canada	NGL	Q2 2025	Contracts to sell NGL at CAD index pricing	As produced