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

3 Months Ended

Mar. 31, 2019

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):



	March 31, 2019						December 31, 2018
	Volumes	Unit of Measure	Carrying Value		Price/ Unit ⁽¹⁾		Volumes	Unit of Measure	Carrying Value		Price/ Unit ⁽¹⁾
Inventory
Crude oil	8,949	barrels	$	439	$	49.06	9,657	barrels	$	367	$	38.00
NGL	2,366	barrels	45		$	19.02	10,384	barrels	262		$	25.23
Other	N/A		14		N/A		N/A		11		N/A
Inventory subtotal			498						640

Linefill and base gas
Crude oil	13,169	barrels	751		$	57.03	13,312	barrels	761		$	57.17
NGL	1,720	barrels	48		$	27.91	1,730	barrels	47		$	27.17
Natural gas	24,976	Mcf	108		$	4.32	24,976	Mcf	108		$	4.32
Linefill and base gas subtotal			907						916

Long-term inventory
Crude oil	2,315	barrels	129		$	55.72	1,890	barrels	79		$	41.80
NGL	2,363	barrels	52		$	22.01	2,368	barrels	57		$	24.07
Long-term inventory subtotal			181						136

Total			$	1,586					$	1,692


⁽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.