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

9 Months Ended

Sep. 30, 2017

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, 2017						December 31, 2016
	Volumes	Unit of Measure	Carrying Value		Price/ Unit ⁽¹⁾		Volumes	Unit of Measure	Carrying Value		Price/ Unit ⁽¹⁾
Inventory
Crude oil	10,632	barrels	$	480	$	45.15	23,589	barrels	$	1,049	$	44.47
NGL	16,604	barrels	390		$	23.49	13,497	barrels	242		$	17.93
Natural gas	—	Mcf	—		N/A		14,540	Mcf	32		$	2.20
Other	N/A		14		N/A		N/A		20		N/A
Inventory subtotal			884						1,343

Linefill and base gas
Crude oil	12,477	barrels	729		$	58.43	12,273	barrels	710		$	57.85
NGL	1,630	barrels	47		$	28.83	1,660	barrels	45		$	27.11
Natural gas	24,976	Mcf	108		$	4.32	30,812	Mcf	141		$	4.58
Linefill and base gas subtotal			884						896

Long-term inventory
Crude oil	1,800	barrels	86		$	47.78	3,279	barrels	163		$	49.71
NGL	2,120	barrels	49		$	23.11	1,418	barrels	30		$	21.16
Long-term inventory subtotal			135						193

Total			$	1,903					$	2,432


⁽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.