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Inventory, Linefill and Long-term Inventory (Tables) | 9 Months Ended
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Sep. 30, 2023
Inventory Disclosure [Abstract] |
Schedule of Inventory | Inventory, linefill and long-term inventory consisted of the following (barrels in thousands and carrying value in millions):
| September 30, 2023 |  |  | December 31, 2022
| Volumes |  | Unit of Measure |  | Carrying Value |  | Price/ Unit (1) |  |  | Volumes |  | Unit of Measure |  | Carrying Value |  | Price/ Unit (1)
Inventory |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 4,491 |  |  | barrels |  | $ | 366 |  |  | $ | 81.50 |  |  |  | 6,713 |  |  | barrels |  | $ | 452 |  |  | $ | 67.33 |
NGL | 9,107 |  |  | barrels |  | 242 |  |  | $ | 26.57 |  |  |  | 7,285 |  |  | barrels |  | 270 |  |  | $ | 37.06 |
Other | N/A |  |  |  | 9 |  |  | N/A |  |  | N/A |  |  |  | 7 |  |  | N/A
Inventory subtotal |  |  |  |  | 617 |  |  |  |  |  |  |  |  |  | 729 |  |  |
Linefill |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 15,255 |  |  | barrels |  | 891 |  |  | $ | 58.41 |  |  |  | 15,480 |  |  | barrels |  | 906 |  |  | $ | 58.53 |
NGL | 2,195 |  |  | barrels |  | 66 |  |  | $ | 30.07 |  |  |  | 1,876 |  |  | barrels |  | 55 |  |  | $ | 29.32 |
Linefill subtotal |  |  |  |  | 957 |  |  |  |  |  |  |  |  |  | 961 |  |  |
Long-term inventory |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 3,254 |  |  | barrels |  | 290 |  |  | $ | 89.12 |  |  |  | 3,102 |  |  | barrels |  | 246 |  |  | $ | 79.30 |
NGL | 1,326 |  |  | barrels |  | 37 |  |  | $ | 27.90 |  |  |  | 1,066 |  |  | barrels |  | 38 |  |  | $ | 35.65 |
Long-term inventory subtotal |  |  |  |  | 327 |  |  |  |  |  |  |  |  |  | 284 |  |  |
Total |  |  |  |  | $ | 1,901 |  |  |  |  |  |  |  |  |  | $ | 1,974 |  |  |
(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.
Schedule of Linefill and Long-Term Inventory | Inventory, linefill and long-term inventory consisted of the following (barrels in thousands and carrying value in millions):
| September 30, 2023 |  |  | December 31, 2022
| Volumes |  | Unit of Measure |  | Carrying Value |  | Price/ Unit (1) |  |  | Volumes |  | Unit of Measure |  | Carrying Value |  | Price/ Unit (1)
Inventory |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 4,491 |  |  | barrels |  | $ | 366 |  |  | $ | 81.50 |  |  |  | 6,713 |  |  | barrels |  | $ | 452 |  |  | $ | 67.33 |
NGL | 9,107 |  |  | barrels |  | 242 |  |  | $ | 26.57 |  |  |  | 7,285 |  |  | barrels |  | 270 |  |  | $ | 37.06 |
Other | N/A |  |  |  | 9 |  |  | N/A |  |  | N/A |  |  |  | 7 |  |  | N/A
Inventory subtotal |  |  |  |  | 617 |  |  |  |  |  |  |  |  |  | 729 |  |  |
Linefill |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 15,255 |  |  | barrels |  | 891 |  |  | $ | 58.41 |  |  |  | 15,480 |  |  | barrels |  | 906 |  |  | $ | 58.53 |
NGL | 2,195 |  |  | barrels |  | 66 |  |  | $ | 30.07 |  |  |  | 1,876 |  |  | barrels |  | 55 |  |  | $ | 29.32 |
Linefill subtotal |  |  |  |  | 957 |  |  |  |  |  |  |  |  |  | 961 |  |  |
Long-term inventory |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 3,254 |  |  | barrels |  | 290 |  |  | $ | 89.12 |  |  |  | 3,102 |  |  | barrels |  | 246 |  |  | $ | 79.30 |
NGL | 1,326 |  |  | barrels |  | 37 |  |  | $ | 27.90 |  |  |  | 1,066 |  |  | barrels |  | 38 |  |  | $ | 35.65 |
Long-term inventory subtotal |  |  |  |  | 327 |  |  |  |  |  |  |  |  |  | 284 |  |  |
Total |  |  |  |  | $ | 1,901 |  |  |  |  |  |  |  |  |  | $ | 1,974 |  |  |
(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.

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