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Revenue from Contracts with Customers (Tables)
 3 Months Ended
Mar. 31, 2021
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
For the three-month period ended March 31, 2021 and 2020, the Company recognized $592.5 million and $600.6 million, respectively, from contracts with customers for the sales of oil, natural gas liquids and natural gas.
Three Months Ended
March 31,
(Thousands of dollars)20212020
Net crude oil and condensate revenue
United States
Onshore$114,490 131,236 
                     Offshore328,341 346,972 
Canada    
Onshore29,903 23,383 
Offshore18,062 24,614 
Other
— 1,864 
Total crude oil and condensate revenue
490,796 528,069 
Net natural gas liquids revenue
United States
Onshore7,528 5,503 
 
Offshore10,054 5,026 
Canada
Onshore3,987 2,034 
Total natural gas liquids revenue
21,569 12,563 
Net natural gas revenue
United States
Onshore6,443 5,558 
Offshore22,138 14,995 
Canada   
Onshore51,581 39,373 
Total natural gas revenue
80,162 59,926 
Total revenue from contracts with customers592,527 600,558 
(Loss) gain on crude contracts(214,385)400,672 
Gain on sale of assets and other income1,843 2,498 
Total revenue and other income$379,985 1,003,728 
Current Long-Term Contracts Outstanding
As of March 31, 2021, the Company had the following sales contracts in place which are expected to generate revenue from sales to customers for a period of more than 12 months starting at the inception of the contract:
Current Long-Term Contracts Outstanding at March 31, 2021
Approximate Volumes
LocationCommodityEnd DateDescription
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 pricing8 MMCFD
CanadaNatural GasQ4 2022Contracts to sell natural gas at Alberta AECO fixed prices5 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 2023Contracts to sell natural gas at Alberta AECO fixed prices38 MMCFD
CanadaNatural GasQ4 2024Contracts to sell natural gas at USD Index pricing31 MMCFD
CanadaNatural GasQ4 2024Contracts to sell natural gas at Alberta AECO fixed prices134 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
CanadaNGLQ3 2023Contracts to sell natural gas liquids at various CAD pricing730 BOED