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Financial Instruments and Risk Management (Tables)
12 Months Ended
Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Recognized Gains and Losses for Derivative Instruments Not Designated as Hedging Instruments
The gains and losses recognized in the Consolidated Statements of Operations for derivative instruments not designated as hedging instruments for each of the three years presented are shown in the following table.
Gain (Loss)
(Thousands of dollars)
Year Ended December 31,
Type of Derivative ContractStatement of Operations Locations202320222021
Commodity swaps(Loss) on derivative instruments$ $(160,690)$(510,596)
Commodity collars(Loss) on derivative instruments (159,721)(15,254)