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Revenue from Contracts with Customers (Tables) | 9 Months Ended
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Sep. 30, 2024
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The Company’s revenues and other income for the three-month and nine-month periods ended September 30, 2024 and 2023 were as follows.
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(Thousands of dollars) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Net crude oil and condensate revenue |  |  |  |  |  |  |
United States - Onshore | $ | 161,965 |  |  | $ | 207,448 |  |  | $ | 450,463 |  |  | $ | 514,614 |
United States - Offshore 1 | 399,940 |  |  | 568,721 |  |  | 1,382,071 |  |  | 1,549,872 |
Canada - Onshore | 20,852 |  |  | 20,610 |  |  | 54,305 |  |  | 61,868 |
Canada - Offshore | 80,226 |  |  | 22,272 |  |  | 178,327 |  |  | 63,273 |
Other | (795) |  |  | 3,442 |  |  | 3,414 |  |  | 7,086 |
Total crude oil and condensate revenue | 662,188 |  |  | 822,493 |  |  | 2,068,580 |  |  | 2,196,713 |
Net natural gas liquids revenue |  |  |  |  |  |  |
United States - Onshore | 8,134 |  |  | 9,953 |  |  | 23,281 |  |  | 24,763 |
United States - Offshore 1 | 9,812 |  |  | 10,908 |  |  | 29,523 |  |  | 37,078 |
Canada - Onshore | 2,402 |  |  | 2,539 |  |  | 5,434 |  |  | 7,519 |
Total natural gas liquids revenue | 20,348 |  |  | 23,400 |  |  | 58,238 |  |  | 69,360 |
Net natural gas revenue |  |  |  |  |  |  |
United States - Onshore | 4,265 |  |  | 6,035 |  |  | 11,893 |  |  | 15,623 |
United States - Offshore 1 | 12,311 |  |  | 18,377 |  |  | 35,700 |  |  | 55,311 |
Canada - Onshore | 54,057 |  |  | 75,584 |  |  | 170,871 |  |  | 204,949 |
Total natural gas revenue | 70,633 |  |  | 99,996 |  |  | 218,464 |  |  | 275,883 |
Revenue from production | 753,169 |  |  | 945,889 |  |  | 2,345,282 |  |  | 2,541,956 |
Sales of purchased natural gas |  |  |  |  |  |  |
Canada - Onshore | – |  |  | 7,877 |  |  | 3,742 |  |  | 64,628 |
Total sales of purchased natural gas | – |  |  | 7,877 |  |  | 3,742 |  |  | 64,628 |
Total revenue from sales to customers | 753,169 |  |  | 953,766 |  |  | 2,349,024 |  |  | 2,606,584 |
(Loss) on derivative instruments | (1,344) |  |  | – |  |  | (1,344) |  |  | – |
Gain on sale of assets and other income | 6,506 |  |  | 5,879 |  |  | 9,834 |  |  | 9,365 |
Total revenues and other income | $ | 758,331 |  |  | $ | 959,645 |  |  | $ | 2,357,514 |  |  | $ | 2,615,949 |
1 Includes revenue attributable to noncontrolling interest in MP GOM.
Current Long-Term Contracts Outstanding | As of September 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 September 30, 2024
Location |  | Commodity |  | End Date |  | Description |  | Approximate Volumes
U.S. |  | Natural Gas and NGL |  | Q2 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 2025 |  | Contracts to sell natural gas at CAD fixed pricing |  | 40 MMCFD
Canada |  | Natural Gas |  | Q4 2026 |  | Contracts to sell natural gas at USD index pricing |  | 49 MMCFD
Canada |  | Natural Gas |  | Q4 2026 |  | Contracts to sell natural gas at CAD fixed pricing |  | 50 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 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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