XML 59 R48.htm IDEA: XBRL DOCUMENT v3.22.0.1
Segmented Financial Information - Information By Reportable Segment (Details) - CAD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Revenue, net of royalties      
Petroleum and natural gas sales   $ 1,868,195 $ 975,477
Royalties   (339,156) (163,735)
Revenue, net of royalties   1,529,039 811,742
Expenses      
Operating   343,002 331,345
Transportation   32,261 28,437
Blending and other   85,689 48,381
General and administrative   40,804 34,268
Exploration and evaluation   15,212 14,011
Depletion and depreciation   464,580 486,380
Impairment (reversal) loss $ 2,588,488 (1,542,414) 2,360,220
Share-based compensation   6,389 7,216
Financing and interest   111,159 125,441
Financial derivatives loss (gain)   287,872 (29,336)
Foreign exchange (gain) loss   (2,868) 8,688
(Gain) loss on dispositions   (9,666) (901)
Other income   (2,562) (5,304)
Total expenses   (165,801) 3,411,099
Net income (loss) before income taxes   1,694,840 (2,599,357)
Income tax (recovery) expense      
Current income tax expense   1,272 574
Deferred income tax expense (recovery)   79,968 (160,967)
Income tax expense (recovery)   81,240 (160,393)
Net income (loss)   1,613,600 (2,438,964)
Additions to exploration and evaluation assets   (3,298) (4,490)
Additions to oil and gas properties   310,005 275,850
Property acquisitions   1,557 0
Proceeds from dispositions   7,804 182
Operating segments | Canada      
Revenue, net of royalties      
Petroleum and natural gas sales   1,128,137 571,741
Royalties   (121,306) (46,064)
Revenue, net of royalties   1,006,831 525,677
Expenses      
Operating   257,658 247,050
Transportation   32,261 28,437
Blending and other   85,689 48,381
General and administrative   0 0
Exploration and evaluation   15,212 14,011
Depletion and depreciation   303,135 309,420
Impairment (reversal) loss   (1,100,000) 1,737,000
Share-based compensation   0 0
Financing and interest   0 0
Financial derivatives loss (gain)   0 0
Foreign exchange (gain) loss   0 0
(Gain) loss on dispositions   (9,856) (901)
Other income   (2,857) (2,128)
Total expenses   (418,758) 2,381,270
Net income (loss) before income taxes   1,425,589 (1,855,593)
Income tax (recovery) expense      
Current income tax expense   (548) 469
Deferred income tax expense (recovery)   86,928 (77,201)
Income tax expense (recovery)   86,380 (76,732)
Net income (loss)   1,339,209 (1,778,861)
Additions to exploration and evaluation assets   3,298 4,490
Additions to oil and gas properties   204,912 170,462
Property acquisitions   1,557 0
Proceeds from dispositions   (7,211) (182)
Operating segments | U.S.      
Revenue, net of royalties      
Petroleum and natural gas sales   740,058 403,736
Royalties   (217,850) (117,671)
Revenue, net of royalties   522,208 286,065
Expenses      
Operating   85,344 84,295
Transportation   0 0
Blending and other   0 0
General and administrative   0 0
Exploration and evaluation   0 0
Depletion and depreciation   155,806 169,439
Impairment (reversal) loss   (442,414) 623,220
Share-based compensation   0 0
Financing and interest   0 0
Financial derivatives loss (gain)   0 0
Foreign exchange (gain) loss   0 0
(Gain) loss on dispositions   190 0
Other income   0 0
Total expenses   (201,074) 876,954
Net income (loss) before income taxes   723,282 (590,889)
Income tax (recovery) expense      
Current income tax expense   1,820 105
Deferred income tax expense (recovery)   72,913 (57,199)
Income tax expense (recovery)   74,733 (57,094)
Net income (loss)   648,549 (533,795)
Additions to exploration and evaluation assets   0 0
Additions to oil and gas properties   105,093 105,388
Property acquisitions   0 0
Proceeds from dispositions   (593) 0
Operating segments | Corporate      
Revenue, net of royalties      
Petroleum and natural gas sales   0 0
Royalties   0 0
Revenue, net of royalties   0 0
Expenses      
Operating   0 0
Transportation   0 0
Blending and other   0 0
General and administrative   40,804 34,268
Exploration and evaluation   0 0
Depletion and depreciation   5,639 7,521
Impairment (reversal) loss   0 0
Share-based compensation   11,130 9,469
Financing and interest   111,159 125,441
Financial derivatives loss (gain)   287,872 (29,336)
Foreign exchange (gain) loss   (2,868) 8,688
(Gain) loss on dispositions   0 0
Other income   295 (3,176)
Total expenses   454,031 152,875
Net income (loss) before income taxes   (454,031) (152,875)
Income tax (recovery) expense      
Current income tax expense   0 0
Deferred income tax expense (recovery)   (79,873) (26,567)
Income tax expense (recovery)   (79,873) (26,567)
Net income (loss)   (374,158) (126,308)
Additions to exploration and evaluation assets   0 0
Additions to oil and gas properties   0 0
Property acquisitions   0 0
Proceeds from dispositions   0 0
Operating segments | Consolidated      
Revenue, net of royalties      
Petroleum and natural gas sales   1,868,195 975,477
Royalties   (339,156) (163,735)
Revenue, net of royalties   1,529,039 811,742
Expenses      
Operating   343,002 331,345
Transportation   32,261 28,437
Blending and other   85,689 48,381
General and administrative   40,804 34,268
Exploration and evaluation   15,212 14,011
Depletion and depreciation   464,580 486,380
Impairment (reversal) loss   (1,542,414) 2,360,220
Share-based compensation   11,130 9,469
Financing and interest   111,159 125,441
Financial derivatives loss (gain)   287,872 (29,336)
Foreign exchange (gain) loss   (2,868) 8,688
(Gain) loss on dispositions   (9,666) (901)
Other income   (2,562) (5,304)
Total expenses   (165,801) 3,411,099
Net income (loss) before income taxes   1,694,840 (2,599,357)
Income tax (recovery) expense      
Current income tax expense   1,272 574
Deferred income tax expense (recovery)   79,968 (160,967)
Income tax expense (recovery)   81,240 (160,393)
Net income (loss)   1,613,600 (2,438,964)
Additions to exploration and evaluation assets   3,298 4,490
Additions to oil and gas properties   310,005 275,850
Property acquisitions   1,557 0
Proceeds from dispositions   $ (7,804) $ (182)