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Revenue from Contracts with Customers (Tables) | 6 Months Ended
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Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The Company’s revenues and other income for the three-month and six-month periods ended June 30, 2024 and 2023 were as follows.
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(Thousands of dollars) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Net crude oil and condensate revenue |  |  |  |  |  |  |
United States - Onshore | $ | 145,955 |  |  | $ | 177,085 |  |  | $ | 288,498 |  |  | $ | 307,166 |
United States - Offshore 1 | 501,692 |  |  | 480,841 |  |  | 982,131 |  |  | 981,151 |
Canada - Onshore | 19,580 |  |  | 19,306 |  |  | 33,453 |  |  | 41,258 |
Canada - Offshore | 43,326 |  |  | 24,871 |  |  | 98,101 |  |  | 41,001 |
Other | 4,307 |  |  | – |  |  | 4,209 |  |  | 3,644 |
Total crude oil and condensate revenue | 714,860 |  |  | 702,103 |  |  | 1,406,392 |  |  | 1,374,220 |
Net natural gas liquids revenue |  |  |  |  |  |  |
United States - Onshore | 7,311 |  |  | 6,540 |  |  | 15,147 |  |  | 14,810 |
United States - Offshore 1 | 9,337 |  |  | 11,541 |  |  | 19,711 |  |  | 26,170 |
Canada - Onshore | 1,595 |  |  | 1,517 |  |  | 3,032 |  |  | 4,980 |
Total natural gas liquids revenue | 18,243 |  |  | 19,598 |  |  | 37,890 |  |  | 45,960 |
Net natural gas revenue |  |  |  |  |  |  |
United States - Onshore | 3,352 |  |  | 4,138 |  |  | 7,628 |  |  | 9,588 |
United States - Offshore 1 | 10,500 |  |  | 14,802 |  |  | 23,389 |  |  | 36,934 |
Canada - Onshore | 50,555 |  |  | 59,195 |  |  | 116,814 |  |  | 129,365 |
Total natural gas revenue | 64,407 |  |  | 78,135 |  |  | 147,831 |  |  | 175,887 |
Revenue from production | 797,510 |  |  | 799,836 |  |  | 1,592,113 |  |  | 1,596,067 |
Sales of purchased natural gas |  |  |  |  |  |  |  |
Canada - Onshore | 3,497 |  |  | 13,014 |  |  | 3,742 |  |  | 56,751 |
Total sales of purchased natural gas | 3,497 |  |  | 13,014 |  |  | 3,742 |  |  | 56,751 |
Total revenue from sales to customers | 801,007 |  |  | 812,850 |  |  | 1,595,855 |  |  | 1,652,818 |
Gain on sale of assets and other income | 1,764 |  |  | 1,738 |  |  | 3,328 |  |  | 3,486 |
Total revenues and other income | $ | 802,771 |  |  | $ | 814,588 |  |  | $ | 1,599,183 |  |  | $ | 1,656,304 |
1 Includes revenue attributable to noncontrolling interest in MP GOM.
Current Long-Term Contracts Outstanding | As of June 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 June 30, 2024
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 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 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 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

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- 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
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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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