Inventory, Linefill and Long-term Inventory (Tables)

6 Months Ended

Jun. 30, 2022

Inventory Disclosure [Abstract]

Schedule of inventory

Inventory, linefill and long-term inventory consisted of the following (barrels in thousands and carrying value in millions):

	June 30, 2022						December 31, 2021
	Volumes	Unit of Measure	Carrying Value		Price/ Unit (1)		Volumes	Unit of Measure	Carrying Value		Price/ Unit (1)
Inventory
Crude oil	2,704	barrels	$	274	$	101.33	8,041	barrels	$	544	$	67.65
NGL	5,535	barrels	249		$	44.99	6,982	barrels	234		$	33.51
Other	N/A		5		N/A		N/A		5		N/A
Inventory subtotal			528						783
Linefill
Crude oil	15,239	barrels	873		$	57.29	15,199	barrels	862		$	56.71
NGL	1,890	barrels	58		$	30.69	1,633	barrels	45		$	27.56
Linefill subtotal			931						907
Long-term inventory
Crude oil	3,198	barrels	331		$	103.50	2,973	barrels	209		$	70.30
NGL	1,072	barrels	47		$	43.84	1,135	barrels	44		$	38.77
Long-term inventory subtotal			378						253
Total			$	1,837					$	1,943

(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):

	June 30, 2022						December 31, 2021
	Volumes	Unit of Measure	Carrying Value		Price/ Unit (1)		Volumes	Unit of Measure	Carrying Value		Price/ Unit (1)
Inventory
Crude oil	2,704	barrels	$	274	$	101.33	8,041	barrels	$	544	$	67.65
NGL	5,535	barrels	249		$	44.99	6,982	barrels	234		$	33.51
Other	N/A		5		N/A		N/A		5		N/A
Inventory subtotal			528						783
Linefill
Crude oil	15,239	barrels	873		$	57.29	15,199	barrels	862		$	56.71
NGL	1,890	barrels	58		$	30.69	1,633	barrels	45		$	27.56
Linefill subtotal			931						907
Long-term inventory
Crude oil	3,198	barrels	331		$	103.50	2,973	barrels	209		$	70.30
NGL	1,072	barrels	47		$	43.84	1,135	barrels	44		$	38.77
Long-term inventory subtotal			378						253
Total			$	1,837					$	1,943

(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.