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Inventory, Linefill and Base Gas and Long-term Inventory
3 Months Ended
Mar. 31, 2018
Inventory, Linefill and Base Gas and Long-term Inventory  
Inventory, Linefill and Base Gas and Long-term Inventory
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, 2018
 
 
December 31, 2017
 
Volumes
 
Unit of
Measure
 
Carrying
Value
 
Price/
Unit 
(1)
 
 
Volumes
 
Unit of
Measure
 
Carrying
Value
 
Price/
Unit 
(1)
Inventory
 

 
 
 
 

 
 

 
 
 

 
 
 
 

 
 

Crude oil
9,171

 
barrels
 
$
494

 
$
53.87

 
 
7,800

 
barrels
 
$
402

 
$
51.54

NGL
4,144

 
barrels
 
115

 
$
27.75

 
 
10,774

 
barrels
 
294

 
$
27.29

Other
N/A

 
 
 
11

 
N/A

 
 
N/A

 
 
 
17

 
N/A

Inventory subtotal
 

 
 
 
620

 
 

 
 
 

 
 
 
713

 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Linefill and base gas
 

 
 
 
 

 
 

 
 
 

 
 
 
 

 
 

Crude oil
12,428

 
barrels
 
719

 
$
57.85

 
 
12,340

 
barrels
 
719

 
$
58.27

NGL
1,596

 
barrels
 
43

 
$
26.94

 
 
1,597

 
barrels
 
45

 
$
28.18

Natural gas
24,976

 
Mcf
 
108

 
$
4.32

 
 
24,976

 
Mcf
 
108

 
$
4.32

Linefill and base gas subtotal
 

 
 
 
870

 
 

 
 
 

 
 
 
872

 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Long-term inventory
 

 
 
 
 

 
 

 
 
 

 
 
 
 

 
 

Crude oil
1,823

 
barrels
 
108

 
$
59.24

 
 
1,870

 
barrels
 
105

 
$
56.15

NGL
1,989

 
barrels
 
51

 
$
25.64

 
 
2,167

 
barrels
 
59

 
$
27.23

Long-term inventory subtotal
 

 
 
 
159

 
 

 
 
 

 
 
 
164

 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 

 
 
 
$
1,649

 
 

 
 
 

 
 
 
$
1,749

 
 

 
(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.