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Revenue from Contracts with Customers (Tables)
6 Months Ended
Jun. 30, 2021
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
For the three-month and six-month periods ended June 30, 2021, the Company recognized $758.8 million and $1,351.4 million, respectively, from contracts with customers for the sales of oil, natural gas liquids and natural gas. For the three-month and six-month periods ended June 30, 2020, the Company recognized $285.7 million and $886.3 million, respectively, from contracts with customers for the sales of oil, natural gas liquids and natural gas.
Three Months Ended
June 30,
Six Months Ended
June 30,
(Thousands of dollars)2021202020212020
Net crude oil and condensate revenue
United States
Onshore$183,267 54,550 297,757 185,786 
                     Offshore411,076 150,253 739,417 497,225 
Canada    
Onshore30,695 11,527 60,598 34,910 
Offshore31,772 11,077 49,834 35,691 
Other
 (58) 1,806 
Total crude oil and condensate revenue
656,810 227,349 1,147,606 755,418 
Net natural gas liquids revenue
United States
Onshore9,596 3,876 17,124 9,379 
 
Offshore10,766 3,464 20,820 8,490 
Canada
Onshore3,240 1,276 7,227 3,310 
Total natural gas liquids revenue
23,602 8,616 45,171 21,179 
Net natural gas revenue
United States
Onshore6,872 4,090 13,315 9,648 
Offshore17,273 10,665 39,411 25,660 
Canada   
Onshore54,272 35,025 105,853 74,398 
Total natural gas revenue
78,417 49,780 158,579 109,706 
Total revenue from contracts with customers758,829 285,745 1,351,356 886,303 
(Loss) gain on crude contracts(226,245)(75,880)(440,630)324,792 
Gain on sale of assets and other income17,059 1,677 18,902 4,175 
Total revenue and other income$549,643 211,542 929,628 1,215,270 
Current Long-Term Contracts Outstanding
As of June 30, 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 June 30, 2021
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 pricing8 MMCFD
CanadaNatural GasQ4 2022Contracts to sell natural gas at CAD fixed prices5 MMCFD
CanadaNatural GasQ4 2022Contracts to sell natural gas at USD fixed pricing20 MMCFD
CanadaNatural GasQ4 2023
1
Contracts to sell natural gas at USD index pricing25 MMCFD
CanadaNatural GasQ4 2023
1
Contracts to sell natural gas at CAD fixed prices38 MMCFD
CanadaNatural GasQ4 2024Contracts to sell natural gas at USD index pricing31 MMCFD
CanadaNatural GasQ4 2024Contracts to sell natural gas at CAD fixed prices100 MMCFD
CanadaNatural GasQ4 2024
1
Contracts to sell natural gas at CAD fixed prices34 MMCFD
CanadaNatural GasQ4 2024Contracts to sell natural gas at USD fixed pricing15 MMCFD
CanadaNatural GasQ4 2026
1
Contracts to sell natural gas at USD index pricing49 MMCFD
CanadaNGLQ3 2023Contracts to sell natural gas liquids at various CAD pricing952 BOED
1 These contracts are scheduled to commence after the balance sheet date, at various dates between Q4 2021 and Q1 2022.