Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The Company’s revenues and other income for the three-month and six-month periods ended June 30, 2024 and 2023 were as follows.

	Three Months Ended June 30,				Six Months Ended June 30,
(Thousands of dollars)	2024		2023		2024		2023
Net crude oil and condensate revenue
United States - Onshore	$	145,955	$	177,085	$	288,498	$	307,166
United States - Offshore 1	501,692		480,841		982,131		981,151
Canada - Onshore	19,580		19,306		33,453		41,258
Canada - Offshore	43,326		24,871		98,101		41,001
Other	4,307		–		4,209		3,644
Total crude oil and condensate revenue	714,860		702,103		1,406,392		1,374,220
Net natural gas liquids revenue
United States - Onshore	7,311		6,540		15,147		14,810
United States - Offshore 1	9,337		11,541		19,711		26,170
Canada - Onshore	1,595		1,517		3,032		4,980
Total natural gas liquids revenue	18,243		19,598		37,890		45,960
Net natural gas revenue
United States - Onshore	3,352		4,138		7,628		9,588
United States - Offshore 1	10,500		14,802		23,389		36,934
Canada - Onshore	50,555		59,195		116,814		129,365
Total natural gas revenue	64,407		78,135		147,831		175,887
Revenue from production	797,510		799,836		1,592,113		1,596,067
Sales of purchased natural gas
Canada - Onshore	3,497		13,014		3,742		56,751
Total sales of purchased natural gas	3,497		13,014		3,742		56,751
Total revenue from sales to customers	801,007		812,850		1,595,855		1,652,818
Gain on sale of assets and other income	1,764		1,738		3,328		3,486
Total revenues and other income	$	802,771	$	814,588	$	1,599,183	$	1,656,304

1 Includes revenue attributable to noncontrolling interest in MP GOM.

Current Long-Term Contracts Outstanding

As of June 30, 2024, the Company had the following sales contracts in place which are expected to generate revenue from sales to customers for a period over 12 months starting at the inception of the contract:

Long-Term Contracts Outstanding at June 30, 2024
Location	Commodity	End Date	Description	Approximate Volumes
U.S.	Natural Gas and NGL	Q1 2030	Deliveries from dedicated acreage in Eagle Ford	As produced
Canada	Natural Gas	Q4 2024	Contracts to sell natural gas at USD index pricing	31 MMCFD
Canada	Natural Gas	Q4 2024	Contracts to sell natural gas at CAD fixed pricing	124 MMCFD
Canada	Natural Gas	Q4 2024	Contracts to sell natural gas at USD fixed pricing	25 MMCFD
Canada	Natural Gas	Q4 2024	Contracts to sell natural gas at CAD index pricing	28 MMCFD
Canada	Natural Gas	Q4 2025	Contracts to sell natural gas at USD index pricing	25 MMCFD
Canada	Natural Gas	Q4 2026	Contracts to sell natural gas at USD index pricing	49 MMCFD
Canada	Natural Gas	Q4 2027	Contracts to sell natural gas at USD index pricing	30 MMCFD
Canada	Natural Gas	Q4 2028	Contracts to sell natural gas at USD index pricing	10 MMCFD
Canada	NGL	Q2 2025	Contracts to sell NGL at CAD index pricing	As produced