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

12 Months Ended

Dec. 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):



	December 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	23,589	barrels	$	1,049	$	44.47	16,345	barrels	$	608	$	37.20
NGL	13,497	barrels	242		$	17.93	13,907	barrels	218		$	15.68
Natural gas	14,540	Mcf	32		$	2.20	22,080	Mcf	53		$	2.40
Other	N/A		20		N/A		N/A		37		N/A
Inventory subtotal			1,343						916

Linefill and base gas
Crude oil	12,273	barrels	710		$	57.85	12,298	barrels	713		$	57.98
NGL	1,660	barrels	45		$	27.11	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			896						898

Long-term inventory
Crude oil	3,279	barrels	163		$	49.71	3,417	barrels	106		$	31.02
NGL	1,418	barrels	30		$	21.16	1,652	barrels	23		$	13.92
Long-term inventory subtotal			193						129

Total			$	2,432					$	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.