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Segmented Financial Information - Information By Reportable Segment (Details) - CAD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenue, net of royalties    
Petroleum and natural gas sales $ 4,208,955 $ 3,382,621
Royalties (880,086) (669,792)
Revenue, net of royalties 3,328,869 2,712,829
Expenses    
Operating 653,949 570,839
Transportation 133,142 89,306
Blending and other 263,943 224,802
General and administrative 81,746 69,789
Transaction costs 1,539 49,045
Exploration and evaluation 779 8,896
Depletion and depreciation 1,385,910 1,047,904
Impairment loss 0 833,662
Share-based compensation 0 16,237
Financing and interest 268,374 192,173
Financial derivatives gain (2,101) (24,695)
Foreign exchange loss (gain) 155,895 (10,848)
(Gain) loss on dispositions 1,220 141,295
Total expenses 2,955,579 3,229,411
Net income (loss) before income taxes 373,290 (516,582)
Income tax expense (recovery)    
Current income tax expense 21,766 14,403
Deferred income tax expense (recovery) 114,927 (297,629)
Income tax expense (recovery) 136,693 (283,226)
Net income (loss) 236,597 (233,356)
Additions to oil and gas properties 1,256,633 1,012,787
Corporate acquisition, net of cash acquired 0 662,579
Property acquisitions 52,415 38,914
Proceeds from dispositions (46,495) (160,256)
Operating segments    
Expenses    
Transaction costs 1,539 49,045
Operating segments | Canada    
Revenue, net of royalties    
Petroleum and natural gas sales 1,874,046 1,729,021
Royalties (261,205) (213,148)
Revenue, net of royalties 1,612,841 1,515,873
Expenses    
Operating 336,069 368,605
Transportation 84,211 64,325
Blending and other 263,943 224,802
General and administrative 0 0
Transaction costs 0 0
Exploration and evaluation 779 8,896
Depletion and depreciation 473,792 484,232
Impairment loss 0 184,000
Share-based compensation 0 0
Financing and interest 0 0
Financial derivatives gain 0 0
Foreign exchange loss (gain) 0 0
(Gain) loss on dispositions (4,134) 141,295
Other (income) expense 0 (1,271)
Total expenses 1,154,660 1,474,884
Net income (loss) before income taxes 458,181 40,989
Income tax expense (recovery)    
Net income (loss) 458,181 40,989
Additions to oil and gas properties 489,486 463,198
Corporate acquisition, net of cash acquired 0 0
Property acquisitions 48,889 20,023
Proceeds from dispositions (41,149) (160,256)
Operating segments | U.S.    
Revenue, net of royalties    
Petroleum and natural gas sales 2,334,909 1,653,600
Royalties (618,881) (456,644)
Revenue, net of royalties 1,716,028 1,196,956
Expenses    
Operating 317,880 202,234
Transportation 48,931 24,981
Blending and other 0 0
General and administrative 0 0
Transaction costs 0 0
Exploration and evaluation 0 0
Depletion and depreciation 898,271 555,548
Impairment loss 0 649,662
Share-based compensation 0 0
Financing and interest 0 0
Financial derivatives gain 0 0
Foreign exchange loss (gain) 0 0
(Gain) loss on dispositions 5,354 0
Other (income) expense 0 0
Total expenses 1,270,436 1,432,425
Net income (loss) before income taxes 445,592 (235,469)
Income tax expense (recovery)    
Net income (loss) 445,592 (235,469)
Additions to oil and gas properties 767,147 549,589
Corporate acquisition, net of cash acquired 0 662,579
Property acquisitions 3,526 18,891
Proceeds from dispositions (5,346) 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 81,746 69,789
Exploration and evaluation 0 0
Depletion and depreciation 13,847 8,124
Impairment loss 0 0
Share-based compensation 17,872 37,699
Financing and interest 268,374 192,173
Financial derivatives gain (2,101) (24,695)
Foreign exchange loss (gain) 155,895 (10,848)
(Gain) loss on dispositions 0 0
Other (income) expense (6,689) 815
Total expenses 530,483 322,102
Net income (loss) before income taxes (530,483) (322,102)
Income tax expense (recovery)    
Net income (loss) (530,483) (322,102)
Additions to oil and gas properties 0 0
Corporate acquisition, net of cash acquired 0 0
Property acquisitions 0 0
Proceeds from dispositions 0 0
Operating segments | Consolidated    
Revenue, net of royalties    
Petroleum and natural gas sales 4,208,955 3,382,621
Royalties (880,086) (669,792)
Revenue, net of royalties 3,328,869 2,712,829
Expenses    
Operating 653,949 570,839
Transportation 133,142 89,306
Blending and other 263,943 224,802
General and administrative 81,746 69,789
Exploration and evaluation 779 8,896
Depletion and depreciation 1,385,910 1,047,904
Impairment loss 0 833,662
Share-based compensation 17,872 37,699
Financing and interest 268,374 192,173
Financial derivatives gain (2,101) (24,695)
Foreign exchange loss (gain) 155,895 (10,848)
(Gain) loss on dispositions 1,220 141,295
Other (income) expense (6,689) (456)
Total expenses 2,955,579 3,229,411
Net income (loss) before income taxes 373,290 (516,582)
Income tax expense (recovery)    
Current income tax expense 21,766 14,403
Deferred income tax expense (recovery) 114,927 (297,629)
Income tax expense (recovery) 136,693 (283,226)
Net income (loss) 236,597 (233,356)
Additions to oil and gas properties 1,256,633 1,012,787
Corporate acquisition, net of cash acquired 0 662,579
Property acquisitions 52,415 38,914
Proceeds from dispositions $ (46,495) $ (160,256)