v3.26.1
Revenue from Contracts with Customers (Tables)
6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The Company’s revenues and other income for the three and six months ended June 30, 2026 and 2025 were as follows.
Three Months Ended
June 30,
Six Months Ended
June 30,
(Thousands of dollars)2026202520262025
Net crude oil and condensate revenue
United States - Onshore$243,270 $166,101 $431,619 $275,559 
United States - Offshore 1
455,332 343,080 788,773 695,442 
Canada - Onshore37,142 12,583 54,533 27,313 
Canada - Offshore96,431 45,741 149,766 120,210 
Other 2,948 2,909 2,948 
Total crude oil and condensate revenue832,175 570,453 1,427,600 1,121,472 
Net natural gas liquids revenue
United States - Onshore14,219 9,893 23,495 18,380 
United States - Offshore 1
7,836 8,311 14,199 17,560 
Canada - Onshore1,787 1,523 3,104 3,270 
Total natural gas liquids revenue23,842 19,727 40,798 39,210 
Net natural gas revenue
United States - Onshore7,214 8,099 18,341 16,066 
United States - Offshore 1
15,115 16,726 41,264 36,667 
Canada - Onshore47,986 68,060 130,683 142,380 
Total natural gas revenue70,315 92,885 190,288 195,113 
Total revenue from sales to customers926,332 683,065 1,658,686 1,355,795 
Gain on derivative instruments 10,808  1,349 
Gain on sale of assets and other operating income1,975 1,697 3,173 4,137 
Total revenues and other income$928,307 $695,570 $1,661,859 $1,361,281 
1 Includes revenue attributable to the noncontrolling interest in MP GOM.
Schedule of Current Long-Term Contracts Outstanding
As of June 30, 2026, 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:
LocationCommodityEnd DateDescriptionApproximate Volumes
U.S.Natural Gas and NGLsQ1 2031Deliveries from dedicated acreage in Eagle Ford ShaleAs produced
CanadaNatural GasQ4 2026Contracts to sell natural gas at USD index pricing
49 MMCF/D
CanadaNatural GasQ4 2027Contracts to sell natural gas at USD index pricing
30 MMCF/D
CanadaNatural GasQ4 2028Contracts to sell natural gas at USD index pricing
20 MMCF/D
CanadaNatural Gas
Q4 2029
Contracts to sell natural gas at USD index pricing
25 MMCF/D
CanadaNatural GasQ4 2026Contracts to sell natural gas at CAD fixed pricing
50 MMCF/D
CanadaNatural GasQ4 2027Contracts to sell natural gas at CAD fixed pricing
9 MMCF/D
CanadaNGLs
Q4 2026
Contracts to sell NGLs at CAD index pricingAs produced