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

3 Months Ended

Mar. 31, 2016

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 (barrels and natural gas volumes in thousands and carrying value in millions):

	March 31, 2016						December 31, 2015
	Volumes	Unit of Measure	Carrying Value		Price/ Unit (1)		Volumes	Unit of Measure	Carrying Value		Price/ Unit (1)
Inventory
Crude oil	21,073	barrels	$	711	$	33.74	16,345	barrels	$	608	$	37.20
NGL	6,512	barrels	102		$	15.66	13,907	barrels	218		$	15.68
Natural gas	17,150	Mcf	34		$	1.98	22,080	Mcf	53		$	2.40

Other	N/A		30		N/A		N/A		37		N/A

Inventory subtotal			877						916


Linefill and base gas
Crude oil	12,060	barrels	711		$	58.96	12,298	barrels	713		$	57.98

NGL	1,348	barrels	47		$	34.87	1,348	barrels	44		$	32.64

Natural gas	30,812	Mcf	141		$	4.58	30,812	Mcf	141		$	4.58

Linefill and base gas subtotal			899						898


Long-term inventory
Crude oil	3,333	barrels	92		$	27.60	3,417	barrels	106		$	31.02

NGL	1,652	barrels	20		$	12.11	1,652	barrels	23		$	13.92

Long-term inventory subtotal			112						129



Total			$	1,888					$	1,943

(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.