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

9 Months Ended

Sep. 30, 2020

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, 2020						December 31, 2019
	Volumes	Unit of Measure	Carrying Value		Price/ Unit (1)		Volumes	Unit of Measure	Carrying Value		Price/ Unit (1)
Inventory
Crude oil	15,332	barrels	$	449	$	29.29	8,613	barrels	$	450	$	52.25
NGL	16,144	barrels	226		$	14.00	7,574	barrels	142		$	18.75
Other	N/A		8		N/A		N/A		12		N/A
Inventory subtotal			683						604
Linefill and base gas
Crude oil	14,496	barrels	813		$	56.08	14,316	barrels	826		$	57.70
NGL	1,642	barrels	43		$	26.19	1,701	barrels	47		$	27.63
Natural gas	25,576	Mcf	110		$	4.30	24,976	Mcf	108		$	4.32
Linefill and base gas subtotal			966						981
Long-term inventory
Crude oil	2,773	barrels	102		$	36.78	2,598	barrels	152		$	58.51
NGL	1,354	barrels	18		$	13.29	1,707	barrels	30		$	17.57
Long-term inventory subtotal			120						182
Total			$	1,769					$	1,767

(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.