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Inventory, Linefill and Base Gas and Long-term Inventory | 6 Months Ended
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Jun. 30, 2021
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):
| June 30, 2021 |  |  | December 31, 2020
| Volumes |  | Unit of Measure |  | Carrying Value |  | Price/ Unit (1) |  |  | Volumes |  | Unit of Measure |  | Carrying Value |  | Price/ Unit (1)
Inventory |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 9,674 |  |  | barrels |  | $ | 508 |  |  | $ | 52.51 |  |  |  | 13,450 |  |  | barrels |  | $ | 441 |  |  | $ | 32.79 |
NGL | 7,097 |  |  | barrels |  | 162 |  |  | $ | 22.83 |  |  |  | 12,302 |  |  | barrels |  | 199 |  |  | $ | 16.18 |
Other | N/A |  |  |  | 5 |  |  | N/A |  |  | N/A |  |  |  | 7 |  |  | N/A
Inventory subtotal |  |  |  |  | 675 |  |  |  |  |  |  |  |  |  | 647 |  |  |
Linefill and base gas |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 15,164 |  |  | barrels |  | 864 |  |  | $ | 56.98 |  |  |  | 14,669 |  |  | barrels |  | 828 |  |  | $ | 56.45 |
NGL | 1,636 |  |  | barrels |  | 45 |  |  | $ | 27.51 |  |  |  | 1,640 |  |  | barrels |  | 44 |  |  | $ | 26.83 |
Natural gas (2) | — |  |  | Mcf |  | — |  |  | $ | — |  |  |  | 25,576 |  |  | Mcf |  | 110 |  |  | $ | 4.30 |
Linefill and base gas subtotal |  |  |  |  | 909 |  |  |  |  |  |  |  |  |  | 982 |  |  |
Long-term inventory |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 2,699 |  |  | barrels |  | 183 |  |  | $ | 67.80 |  |  |  | 2,499 |  |  | barrels |  | 111 |  |  | $ | 44.42 |
NGL | 1,258 |  |  | barrels |  | 27 |  |  | $ | 21.46 |  |  |  | 1,185 |  |  | barrels |  | 19 |  |  | $ | 16.03 |
Long-term inventory subtotal |  |  |  |  | 210 |  |  |  |  |  |  |  |  |  | 130 |  |  |
Total |  |  |  |  | $ | 1,794 |  |  |  |  |  |  |  |  |  | $ | 1,759 |  |  |
(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. (2)As of June 30, 2021, $110 million of base gas was classified as held for sale on our Condensed Consolidated Balance Sheet (in “Other current assets”) related to the sale of our Pine Prairie and Southern Pines natural gas storage facilities, which closed on August 2, 2021. See Note 12 for additional information.

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- Definition The complete disclosure related to inventory, linefill and base gas and long-term inventory. This may include, but is not limited to, the basis of stating inventory, linefill, and base gas and long-term inventory, the method of determining inventory, linefill and base gas and long-term inventory cost, the major classes of inventory, linefill and base gas and long-term inventory, and the nature of the cost elements included in inventory, linefill and base gas and long-term inventory. If inventory, linefill and base gas and long-term inventory is stated above cost, accrued net losses on firm purchase commitments for inventory, linefill and base gas and long-term inventory and losses resulting from valuing inventory, linefill and base gas and long-term inventory at the lower-of-cost-or-market may also be included. + References No definition available. + Details
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