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Revenue from Contracts with Customers (Tables)
9 Months Ended
Sep. 30, 2018
Revenue from Contracts with Customers [Abstract]  
Disaggregation of Revenue



 

 

 

 

 

 

 

 



 

Three Months Ended

 

Nine Months Ended



 

September 30,

 

September 30,

(Thousands of dollars)

 

2018

 

2017

 

2018

 

2017

Net crude oil and condensate revenue

 

 

 

 

 

 

 

 

United States – Onshore

$

224,714 

 

143,527 

 

606,186 

 

437,504 

                                – Offshore

 

93,206 

 

43,658 

 

259,128 

 

145,139 

Canada    – Onshore

 

32,818 

 

12,351 

 

82,537 

 

33,129 

                          – Offshore

 

34,789 

 

31,639 

 

137,420 

 

107,516 

Malaysia – Sarawak

 

55,592 

 

63,558 

 

218,494 

 

189,100 

                         – Block K

 

102,149 

 

122,460 

 

298,330 

 

287,032 

Other

 

3,156 

 

– 

 

3,156 

 

– 

Total crude oil and condensate revenue

 

546,424 

 

417,193 

 

1,605,251 

 

1,199,420 



 

 

 

 

 

 

 

 

Net natural gas liquids revenue

 

 

 

 

 

 

 

 

United States – Onshore

 

16,993 

 

11,114 

 

42,363 

 

29,838 

                                – Offshore

 

3,438 

 

1,679 

 

7,998 

 

4,804 

Canada    – Onshore

 

4,137 

 

1,323 

 

11,053 

 

2,636 

Malaysia – Sarawak

 

4,960 

 

4,985 

 

15,153 

 

13,526 

Total natural gas liquids revenue

 

29,528 

 

19,101 

 

76,567 

 

50,804 



 

 

 

 

 

 

 

 

Net natural gas revenue

 

 

 

 

 

 

 

 

United States – Onshore

 

6,872 

 

6,031 

 

19,934 

 

21,072 

                                – Offshore

 

3,306 

 

2,541 

 

9,068 

 

7,922 

Canada    – Onshore

 

35,373 

 

36,974 

 

103,055 

 

114,772 

Malaysia – Sarawak

 

38,236 

 

29,166 

 

107,616 

 

103,584 

                         – Block K

 

67 

 

186 

 

419 

 

519 

Total natural gas revenue

 

83,854 

 

74,898 

 

240,092 

 

247,869 

Total revenue from contracts with customers

 

659,806 

 

511,192 

 

1,921,910 

 

1,498,093 



 

 

 

 

 

 

 

 

Gain (loss) on crude contracts

 

(2,223)

 

(13,573)

 

(69,349)

 

50,365 

Other operating income

 

17,090 

 

583 

 

26,029 

 

4,015 

Gain on sale of assets

 

124 

 

117 

 

 

130,765 

Total revenue

$

674,797 

 

498,319 

 

1,878,596 

 

1,683,238 



Current Long-Term Contracts Outstanding



 

 

 

 

 

 

 

 

Current Long-Term Contracts Outstanding at September 30, 2018

Location

 

Commodity

 

End Date

 

Description

 

Approximate Volumes

U.S. Onshore

 

Oil

 

Q2 2019

 

Fixed quantity delivery in Eagle Ford

 

4,000 BOE/Day

U.S. Onshore

 

Oil

 

Q3 2019

 

Fixed quantity delivery in Eagle Ford

 

2,000 BOE/Day

U.S. Onshore

 

Oil

 

Q4 2021

 

Fixed quantity delivery in Eagle Ford

 

2018: 19,000 BOE/Day
2019-2021: 13,000 BOE/Day

U.S. Onshore

 

Gas and NGL

 

Q2 2026

 

Deliveries from dedicated acreage in
 Eagle Ford

 

As produced

Canada Onshore

 

Gas

 

Q4 2020

 

Contracts to sell natural gas
 at Alberta AECO Cdn dollar 2.81/MCF

 

59 MMCF/Day

Canada Onshore

 

Gas

 

Q4 2020

 

Contracts to sell natural gas at USD Index
 pricing

 

60 MMCF/Day

Canada Onshore

 

Gas

 

Q4 2024

 

Contracts to sell natural gas at USD Index
 pricing

 

30 MMCF/Day

Canada Onshore

 

Gas

 

Q4 2026

 

Contracts to sell natural gas at USD Index
 pricing

 

38 MMCF/Day