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

12 Months Ended

Dec. 31, 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):



	December 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	9,657	barrels	$	367	$	38.00	7,800	barrels	$	402	$	51.54
NGL	10,384	barrels	262		$	25.23	10,774	barrels	294		$	27.29
Other	N/A		11		N/A		N/A		17		N/A
Inventory subtotal			640						713

Linefill and base gas
Crude oil	13,312	barrels	761		$	57.17	12,340	barrels	719		$	58.27
NGL	1,730	barrels	47		$	27.17	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			916						872

Long-term inventory
Crude oil	1,890	barrels	79		$	41.80	1,870	barrels	105		$	56.15
NGL	2,368	barrels	57		$	24.07	2,167	barrels	59		$	27.23
Long-term inventory subtotal			136						164

Total			$	1,692					$	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.