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Revenue from Contracts with Customers (Tables)
12 Months Ended
Dec. 31, 2021
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
For the years ended December 31, 2021, 2020, and 2019 the Company recognized $2,801.2 million, $1,751.7 million and $2,817.1 million, respectively, from contracts with customers for the sales of oil, natural gas liquids and natural gas.
Years Ended December 31,
(Thousands of dollars)202120202019
Net crude oil and condensate revenue
United StatesOnshore$626,136 353,311 750,278 
                     Offshore1,478,993 940,265 1,477,816 
Canada    Onshore119,799 93,591 116,174 
Offshore92,741 71,495 159,254 
Other4,924 1,806 11,642 
Total crude oil and condensate revenue2,322,593 1,460,468 2,515,164 
Net natural gas liquids revenue
United States Onshore50,189 22,504 30,615 
 Offshore44,411 19,749 26,968 
Canada Onshore16,375 8,921 12,001 
Total natural gas liquids revenue110,975 51,174 69,584 
Net natural gas revenue
United States Onshore39,803 20,132 27,668 
Offshore81,944 49,300 46,259 
Canada   Onshore245,900 170,635 158,436 
Total natural gas revenue367,647 240,067 232,363 
Total revenue from contracts with customers 1
2,801,215 1,751,709 2,817,111 
Gain (loss) on crude contracts(525,850)202,661 (856)
Gain on sale of assets and other income 2
23,916 12,971 12,798 
Total revenue and other income$2,299,281 1,967,341 2,829,053 
1 Includes revenue attributable to noncontrolling interest in MP GOM.
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, 2021, 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, 2021
LocationCommodityEnd DateDescriptionApproximate Volumes
U.S.Natural Gas and NGLQ1 2023Deliveries from dedicated acreage in Eagle FordAs produced
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 2023Contracts 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 2026Contracts to sell natural gas at USD index pricing49 MMCFD
CanadaNGLQ3 2023Contracts to sell natural gas liquids at CAD pricing952 MMCFD
1 These contracts are scheduled to commence after the balance sheet date, during Q1 2022.