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Revenue from Contracts with Customers (Tables) | 6 Months Ended
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Jun. 30, 2023
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue |
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(Thousands of dollars) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Net crude oil and condensate revenue |  |  |  |  |  |  |
United States | Onshore | $ | 177,085 |  |  | $ | 264,841 |  |  | $ | 307,166 |  |  | $ | 436,537 |
| Offshore | 480,841 |  |  | 612,526 |  |  | 981,151 |  |  | 1,078,147 |
Canada | Onshore | 19,306 |  |  | 40,417 |  |  | 41,258 |  |  | 77,114 |
| Offshore | 24,871 |  |  | 38,354 |  |  | 41,001 |  |  | 67,186 |
Other |  | – |  |  | 13,636 |  |  | 3,644 |  |  | 13,636 |
Total crude oil and condensate revenue | 702,103 |  |  | 969,774 |  |  | 1,374,220 |  |  | 1,672,620 |
Net natural gas liquids revenue |  |  |  |  |  |  |
United States | Onshore | 6,540 |  |  | 18,062 |  |  | 14,810 |  |  | 34,747 |
| Offshore | 11,541 |  |  | 18,093 |  |  | 26,170 |  |  | 32,072 |
Canada | Onshore | 1,517 |  |  | 5,001 |  |  | 4,980 |  |  | 9,868 |
Total natural gas liquids revenue | 19,598 |  |  | 41,156 |  |  | 45,960 |  |  | 76,687 |
Net natural gas revenue |  |  |  |  |  |  |
United States | Onshore | 4,138 |  |  | 19,034 |  |  | 9,588 |  |  | 30,403 |
| Offshore | 14,802 |  |  | 43,567 |  |  | 36,934 |  |  | 69,768 |
Canada | Onshore | 59,195 |  |  | 72,768 |  |  | 129,365 |  |  | 131,349 |
Total natural gas revenue | 78,135 |  |  | 135,369 |  |  | 175,887 |  |  | 231,520 |
Revenue from production | 799,836 |  |  | 1,146,299 |  |  | 1,596,067 |  |  | 1,980,827 |
Sales of purchased natural gas |  |  |  |  |  |  |  |
United States | Offshore | – |  |  | 181 |  | – |  |  | 181 |
Canada | Onshore | 13,014 |  |  | 49,758 |  |  | 56,751 |  |  | 86,604 |
Total sales of purchased natural gas | 13,014 |  |  | 49,939 |  |  | 56,751 |  |  | 86,785 |
Total revenue from sales to customers | 812,850 |  |  | 1,196,238 |  |  | 1,652,818 |  |  | 2,067,612 |
Loss on derivative instruments | – |  |  | (103,068) |  |  | – |  |  | (423,845) |
Gain on sale of assets and other income | 1,738 |  |  | 7,887 |  |  | 3,486 |  |  | 10,251 |
Total revenues and other income | $ | 814,588 |  |  | $ | 1,101,057 |  |  | $ | 1,656,304 |  |  | $ | 1,654,018 |
Current Long-Term Contracts Outstanding | As of June 30, 2023, 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, 2023
Location |  | Commodity |  | End Date |  | Description |  | Approximate Volumes
U.S. |  | Natural Gas and NGL |  | Q1 2030 |  | Deliveries from dedicated acreage in Eagle Ford |  | As produced
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 index fixed prices |  | 15 MMCFD
Canada |  | Natural Gas |  | Q4 2024 |  | Contracts to sell natural gas at CAD index prices |  | 28 MMCFD
Canada |  | Natural Gas |  | Q4 2026 |  | Contracts to sell natural gas at USD index pricing |  | 49 MMCFD
Canada |  | Natural Gas |  | Q4 2027 |  | Contracts to sell natural gas at CAD index prices |  | 10 MMCFD
Canada |  | NGL |  | Q3 2023 |  | Contracts to sell natural gas liquids at CAD prices |  | 952 BOEPD

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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 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 + Details
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