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

9 Months Ended

Sep. 30, 2018

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, 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	7,020	barrels	$	389	$	55.41	7,800	barrels	$	402	$	51.54
NGL	15,122	barrels	422		$	27.91	10,774	barrels	294		$	27.29
Other	N/A		13		N/A		N/A		17		N/A
Inventory subtotal			824						713

Linefill and base gas
Crude oil	13,033	barrels	756		$	58.01	12,340	barrels	719		$	58.27
NGL	1,764	barrels	50		$	28.34	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			914						872

Long-term inventory
Crude oil	1,882	barrels	112		$	59.51	1,870	barrels	105		$	56.15
NGL	2,351	barrels	67		$	28.50	2,167	barrels	59		$	27.23
Long-term inventory subtotal			179						164

Total			$	1,917					$	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.