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Revenue from Contracts with Customers (Tables)
9 Months Ended
Sep. 30, 2021
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
For the three-month and nine-month periods ended September 30, 2021, the Company recognized $687.5 million and $2,038.9 million, respectively, from contracts with customers for the sales of oil, natural gas liquids and natural gas. For the three-month and nine-month periods ended September 30, 2020, the Company recognized $425.3 million and $1,311.6 million, respectively, from contracts with customers for the sales of oil, natural gas liquids and natural gas.
Three Months Ended
September 30,
Nine Months Ended
September 30,
(Thousands of dollars)2021202020212020
Net crude oil and condensate revenue
United States
Onshore$167,010 86,498 464,767 272,284 
                     Offshore340,001 216,918 1,079,418 714,143 
Canada    
Onshore29,110 32,358 89,708 67,268 
Offshore20,499 19,173 70,333 54,864 
Other
 —  1,806 
Total crude oil and condensate revenue
556,620 354,947 1,704,226 1,110,365 
Net natural gas liquids revenue
United States
Onshore16,356 6,766 33,480 16,145 
 
Offshore11,046 4,765 31,866 13,255 
Canada
Onshore4,501 2,780 11,728 6,090 
Total natural gas liquids revenue
31,903 14,311 77,074 35,490 
Net natural gas revenue
United States
Onshore11,127 4,529 24,442 14,177 
Offshore17,444 9,827 56,855 35,487 
Canada   
Onshore70,455 41,710 176,308 116,108 
Total natural gas revenue
99,026 56,066 257,605 165,772 
Total revenue from contracts with customers687,549 425,324 2,038,905 1,311,627 
(Loss) gain on derivative instruments(59,164)(5,290)(499,794)319,502 
Gain on sale of assets and other income2,315 1,831 21,217 6,006 
Total revenue and other income$630,700 421,865 1,560,328 1,637,135 
Current Long-Term Contracts Outstanding
As of September 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 September 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 2023Contracts 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
1 These contracts are scheduled to commence after the balance sheet date, at various dates between Q4 2021 and Q1 2022.