Inventory, Linefill and Base Gas and Long-term Inventory (Tables)

3 Months Ended

Mar. 31, 2015

Inventory, Linefill and Base Gas and Long-term Inventory

Schedule of inventory, linefill and base gas and long-term inventory

Inventory, linefill and base gas and long-term inventory consisted of the following as of the dates indicated (barrels and natural gas volumes in thousands and carrying value in millions):

	March 31, 2015						December 31, 2014
	Volumes	Unit of Measure	Carrying Value		Price/ Unit (1)		Volumes	Unit of Measure	Carrying Value		Price/ Unit (1)
Inventory
Crude oil	15,351	barrels	$	686	$	44.69	6,465	barrels	$	304	$	47.02
NGL	7,277	barrels	154		$	21.16	13,553	barrels	454		$	33.50
Natural gas	10,965	Mcf	31		$	2.83	32,317	Mcf	102		$	3.16
Other	N/A		58		N/A		N/A		31		N/A
Inventory subtotal			929						891

Linefill and base gas
Crude oil	12,970	barrels	777		$	59.91	11,810	barrels	744		$	63.00
NGL	1,215	barrels	48		$	39.51	1,212	barrels	52		$	42.90
Natural gas	28,612	Mcf	135		$	4.72	28,612	Mcf	134		$	4.68
Linefill and base gas subtotal			960						930

Long-term inventory
Crude oil	2,646	barrels	117		$	44.22	2,582	barrels	136		$	52.67
NGL	1,681	barrels	32		$	19.04	1,681	barrels	50		$	29.74
Long-term inventory subtotal			149						186

Total			$	2,038					$	2,007

(1)

Price per unit of measure is comprised of a weighted average associated with various grades, qualities and locations. Accordingly, these prices may not coincide with any published benchmarks for such products.