XML 38 R28.htm IDEA: XBRL DOCUMENT
v3.23.3

Revenue from Contracts with Customers (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue |
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(Thousands of dollars) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Net crude oil and condensate revenue |  |  |  |  |  |  |
United States | Onshore | $ | 207,448 |  |  | $ | 247,562 |  |  | $ | 514,614 |  |  | $ | 684,099 |
| Offshore | 568,721 |  |  | 597,242 |  |  | 1,549,872 |  |  | 1,675,389 |
Canada | Onshore | 20,610 |  |  | 29,445 |  |  | 61,868 |  |  | 106,559 |
| Offshore | 22,272 |  |  | 30,030 |  |  | 63,273 |  |  | 97,216 |
Other |  | 3,442 |  |  | 4,867 |  |  | 7,086 |  |  | 18,503 |
Total crude oil and condensate revenue | 822,493 |  |  | 909,146 |  |  | 2,196,713 |  |  | 2,581,766 |
Net natural gas liquids revenue |  |  |  |  |  |  |
United States | Onshore | 9,953 |  |  | 18,288 |  |  | 24,763 |  |  | 53,035 |
| Offshore | 10,908 |  |  | 16,079 |  |  | 37,078 |  |  | 48,151 |
Canada | Onshore | 2,539 |  |  | 4,932 |  |  | 7,519 |  |  | 14,800 |
Total natural gas liquids revenue | 23,400 |  |  | 39,299 |  |  | 69,360 |  |  | 115,986 |
Net natural gas revenue |  |  |  |  |  |  |
United States | Onshore | 6,035 |  |  | 21,009 |  |  | 15,623 |  |  | 51,412 |
| Offshore | 18,377 |  |  | 52,143 |  |  | 55,311 |  |  | 121,911 |
Canada | Onshore | 75,584 |  |  | 99,312 |  |  | 204,949 |  |  | 230,661 |
Total natural gas revenue | 99,996 |  |  | 172,464 |  |  | 275,883 |  |  | 403,984 |
Revenue from production | 945,889 |  |  | 1,120,909 |  |  | 2,541,956 |  |  | 3,101,736 |
Sales of purchased natural gas |  |  |  |  |  |  |  |
United States | Offshore | – |  |  | – |  |  | – |  |  | 181 |
Canada | Onshore | 7,877 |  |  | 45,500 |  |  | 64,628 |  |  | 132,104 |
Total sales of purchased natural gas | 7,877 |  |  | 45,500 |  |  | 64,628 |  |  | 132,285 |
Total revenue from sales to customers | 953,766 |  |  | 1,166,409 |  |  | 2,606,584 |  |  | 3,234,021 |
Gain (loss) on derivative instruments | – |  |  | 115,191 |  |  | – |  |  | (308,654) |
Gain on sale of assets and other income | 5,879 |  |  | 21,825 |  |  | 9,365 |  |  | 32,076 |
Total revenues and other income | $ | 959,645 |  |  | $ | 1,303,425 |  |  | $ | 2,615,949 |  |  | $ | 2,957,443 |
Current Long-Term Contracts Outstanding | As of September 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 September 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 2025 |  | 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 USD index prices |  | 20 MMCFD
Canada |  | NGL |  | Q1 2024 |  | Contracts to sell natural gas liquids at various CAD pricing |  | As produced

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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + 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 -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
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration