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

9 Months Ended

Sep. 30, 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):



	September 30, 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	20,494	barrels	$	879	$	42.89	16,345	barrels	$	608	$	37.20
NGL	21,087	barrels	321		$	15.22	13,907	barrels	218		$	15.68
Natural gas	15,116	Mcf	32		$	2.12	22,080	Mcf	53		$	2.40
Other	N/A		26		N/A		N/A		37		N/A
Inventory subtotal			1,258						916

Linefill and base gas
Crude oil	12,215	barrels	712		$	58.29	12,298	barrels	713		$	57.98
NGL	1,490	barrels	46		$	30.87	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	3,428	barrels	124		$	36.17	3,417	barrels	106		$	31.02
NGL	1,418	barrels	22		$	15.51	1,652	barrels	23		$	13.92
Long-term inventory subtotal			146						129

Total			$	2,303					$	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.