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Revenue from Contracts with Customers (Tables) | 3 Months Ended
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Mar. 31, 2021
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | For the three-month period ended March 31, 2021 and 2020, the Company recognized $592.5 million and $600.6 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) |  | 2021 |  | 2020 |  |  |  |
Net crude oil and condensate revenue |  |  |  |  |  |  |
United States | Onshore | $ | 114,490 |  |  | 131,236 |  |  |  |  |
| Offshore | 328,341 |  |  | 346,972 |  |  |  |  |
Canada | Onshore | 29,903 |  |  | 23,383 |  |  |  |  |
| Offshore | 18,062 |  |  | 24,614 |  |  |  |  |
Other |  | — |  |  | 1,864 |  |  |  |  |
Total crude oil and condensate revenue | 490,796 |  |  | 528,069 |  |  |  |  |
Net natural gas liquids revenue |  |  |  |  |  |  |
United States | Onshore | 7,528 |  |  | 5,503 |  |  |  |  |
| Offshore | 10,054 |  |  | 5,026 |  |  |  |  |
Canada | Onshore | 3,987 |  |  | 2,034 |  |  |  |  |
Total natural gas liquids revenue | 21,569 |  |  | 12,563 |  |  |  |  |
Net natural gas revenue |  |  |  |  |  |  |
United States | Onshore | 6,443 |  |  | 5,558 |  |  |  |  |
| Offshore | 22,138 |  |  | 14,995 |  |  |  |  |
Canada | Onshore | 51,581 |  |  | 39,373 |  |  |  |  |
Total natural gas revenue | 80,162 |  |  | 59,926 |  |  |  |  |
Total revenue from contracts with customers | 592,527 |  |  | 600,558 |  |  |  |  |
(Loss) gain on crude contracts | (214,385) |  |  | 400,672 |  |  |  |  |
Gain on sale of assets and other income | 1,843 |  |  | 2,498 |  |  |  |  |
Total revenue and other income | $ | 379,985 |  |  | 1,003,728 |  |  |  |  |
Current Long-Term Contracts Outstanding | As of March 31, 2021, 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, 2021
|  |  |  |  |  |  |  | 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 |  | Q1 2023 |  | Deliveries from dedicated acreage in Eagle Ford |  | As produced
Canada |  | Natural Gas |  | Q4 2021 |  | Contracts to sell natural gas at USD Index pricing |  | 10 MMCFD
Canada |  | Natural Gas |  | Q4 2022 |  | Contracts to sell natural gas at USD Index pricing |  | 8 MMCFD
Canada |  | Natural Gas |  | Q4 2022 |  | Contracts to sell natural gas at Alberta AECO fixed prices |  | 5 MMCFD
Canada |  | Natural Gas |  | Q4 2022 |  | Contracts to sell natural gas at USD index fixed pricing |  | 20 MMCFD
Canada |  | Natural Gas |  | Q4 2023 |  | Contracts to sell natural gas at USD Index pricing |  | 25 MMCFD
Canada |  | Natural Gas |  | Q4 2023 |  | Contracts to sell natural gas at Alberta AECO fixed prices |  | 38 MMCFD
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 Alberta AECO fixed prices |  | 134 MMCFD
Canada |  | Natural Gas |  | Q4 2024 |  | Contracts to sell natural gas at USD index fixed pricing |  | 15 MMCFD
Canada |  | Natural Gas |  | Q4 2026 |  | Contracts to sell natural gas at USD Index pricing |  | 49 MMCFD
Canada |  | NGL |  | Q3 2023 |  | Contracts to sell natural gas liquids at various CAD pricing |  | 730 BOED

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- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130556-203045 + Details
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