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) |  | 2022 |  | 2021 |  | 2022 |  | 2021
Net crude oil and condensate revenue |  |  |  |  |  |  |
United States | Onshore | $ | 264,841 |  |  | 183,267 |  |  | $ | 436,537 |  |  | 297,757 |
| Offshore | 612,526 |  |  | 411,076 |  |  | 1,078,147 |  |  | 739,417 |
Canada | Onshore | 40,417 |  |  | 30,695 |  |  | 77,114 |  |  | 60,598 |
| Offshore | 38,354 |  |  | 31,772 |  |  | 67,186 |  |  | 49,834 |
Other |  | 13,636 |  |  | — |  |  | 13,636 |  |  | — |
Total crude oil and condensate revenue | 969,774 |  |  | 656,810 |  |  | 1,672,620 |  |  | 1,147,606 |
Net natural gas liquids revenue |  |  |  |  |  |  |
United States | Onshore | 18,062 |  |  | 9,596 |  |  | 34,747 |  |  | 17,124 |
| Offshore | 18,093 |  |  | 10,766 |  |  | 32,072 |  |  | 20,820 |
Canada | Onshore | 5,001 |  |  | 3,240 |  |  | 9,868 |  |  | 7,227 |
Total natural gas liquids revenue | 41,156 |  |  | 23,602 |  |  | 76,687 |  |  | 45,171 |
Net natural gas revenue |  |  |  |  |  |  |
United States | Onshore | 19,034 |  |  | 6,872 |  |  | 30,403 |  |  | 13,315 |
| Offshore | 43,567 |  |  | 17,273 |  |  | 69,768 |  |  | 39,411 |
Canada | Onshore | 72,768 |  |  | 54,272 |  |  | 131,349 |  |  | 105,853 |
Total natural gas revenue | 135,369 |  |  | 78,417 |  |  | 231,520 |  |  | 158,579 |
Revenue from production | 1,146,299 |  |  | 758,829 |  |  | 1,980,827 |  |  | 1,351,356 |
Sales of purchased natural gas |  |  |  |  |  |  |
United States | Offshore | 181 |  |  | — |  |  | 181 |  |  | — |
Canada | Onshore | 49,758 |  |  | — |  |  | 86,604 |  |  | — |
Total sales of purchased natural gas | 49,939 |  |  | — |  |  | 86,785 |  |  | — |
Total revenue from sales to customers | 1,196,238 |  |  | 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 income | 7,887 |  |  | 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
Location |  | Commodity |  | End Date |  | Description |  | Approximate Volumes
U.S. |  | Natural Gas and NGL |  | Q2 2023 |  | Deliveries from dedicated acreage in Eagle Ford |  | As produced
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 CAD fixed prices |  | 5 MMCFD
Canada |  | Natural Gas |  | Q4 2022 |  | Contracts to sell natural gas at USD 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 CAD 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 CAD fixed prices |  | 100 MMCFD
Canada |  | Natural Gas |  | Q4 2024 |  | Contracts to sell natural gas at CAD fixed prices |  | 34 MMCFD
Canada |  | Natural Gas |  | Q4 2024 |  | Contracts to sell natural gas at USD 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 CAD pricing |  | 952 BOED

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 + Details
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration