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Revenue from Contracts with Customers (Tables)
12 Months Ended
Dec. 31, 2020
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
For the years ended December 31, 2020, 2019, and 2018 the Company recognized $1,751.7 million, $2,817.1 million and $1,806.5 million, respectively, from contracts with customers for the continuing operations sales of oil, natural gas liquids and natural gas.
Years Ended December 31,
(Thousands of dollars)202020192018
Net crude oil and condensate revenue
United StatesOnshore$353,311 750,278 786,537 
                     Offshore940,265 1,477,816 417,527 
Canada    Onshore93,591 116,174 111,836 
Offshore71,495 159,254 176,291 
Other1,806 11,642 6,079 
Total crude oil and condensate revenue1,460,468 2,515,164 1,498,270 
Net natural gas liquids revenue
United States Onshore22,504 30,615 61,810 
 Offshore19,749 26,968 11,832 
Canada Onshore8,921 12,001 14,670 
Total natural gas liquids revenue51,174 69,584 88,312 
Net natural gas revenue
United States Onshore20,132 27,668 36,070 
Offshore49,300 46,259 17,559 
Canada   Onshore170,635 158,436 166,262 
Total natural gas revenue240,067 232,363 219,891 
Total revenue from contracts with customers 1
1,751,709 2,817,111 1,806,473 
Gain (loss) on crude contracts202,661 (856)(41,975)
Gain on sale of assets and other income 2
12,971 12,798 26,903 
Total revenue and other income$1,967,341 2,829,053 1,791,401 
1 Includes revenue attributable to noncontrolling interest in MP GOM, effective November 30, 2018.
2 Gain on sale of Malaysia operations of $985.4 million in 2019 is reported in discontinued operations. See Note E.
Current Long-Term Contracts Outstanding
As of December 31, 2020, the Company had the following sales contracts in place which are expected to generate revenue from sales to customers for a period of 12 months or more starting at the inception of the contract:
Current Long-Term Contracts Outstanding at December 31, 2020
LocationCommodityEnd DateDescriptionApproximate Volumes
U.S.OilQ4 2021Fixed quantity delivery in Eagle Ford17,000 BOED
U.S.Natural Gas and NGLQ1 2023Deliveries from dedicated acreage in Eagle FordAs produced
CanadaNatural GasQ4 2021Contracts to sell natural gas at USD Index pricing10 MMCFD
CanadaNatural GasQ4 2022Contracts to sell natural gas at USD Index pricing7 MMCFD
CanadaNatural GasQ4 2022Contracts to sell natural gas at USD index fixed pricing20 MMCFD
CanadaNatural GasQ4 2023Contracts to sell natural gas at USD Index pricing25 MMCFD
CanadaNatural GasQ4 2024Contracts to sell natural gas at USD Index pricing32 MMCFD
CanadaNatural GasQ4 2024Contracts to sell natural gas at Alberta AECO fixed prices115 MMCFD
CanadaNatural GasQ4 2024Contracts to sell natural gas at USD index fixed pricing15 MMCFD
CanadaNatural GasQ4 2026Contracts to sell natural gas at USD Index pricing49 MMCFD