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

3 Months Ended

Mar. 31, 2014

Inventory, Linefill and Base Gas and Long-term Inventory

Components of inventory, linefill and base gas and long-term inventory

Inventory, linefill and base gas and long-term inventory consisted of the following as of the dates indicated (barrels and natural gas volumes in thousands and carrying value in millions):

	March 31, 2014						December 31, 2013
		Unit of	Carrying		Price/			Unit of	Carrying		Price/
	Volumes	Measure	Value		Unit (1)		Volumes	Measure	Value		Unit (1)
Inventory
Crude oil	7,274	barrels	$	645	$	88.67	6,951	barrels	$	540	$	77.69
NGL	3,846	barrels	181		$	47.06	8,061	barrels	352		$	43.67
Natural gas	12,660	Mcf	61		$	4.82	40,505	Mcf	150		$	3.70
Other	N/A		27		N/A		N/A		23		N/A
Inventory subtotal			914						1,065
Linefill and base gas
Crude oil	11,031	barrels	681		$	61.74	10,966	barrels	679		$	61.92
NGL	1,431	barrels	61		$	42.63	1,341	barrels	62		$	46.23
Natural gas	25,612	Mcf	122		$	4.76	16,615	Mcf	57		$	3.43
Linefill and base gas subtotal			864						798
Long-term inventory
Crude oil	2,655	barrels	214		$	80.60	2,498	barrels	202		$	80.86
NGL	1,210	barrels	50		$	41.32	1,161	barrels	49		$	42.20
Long-term inventory subtotal			264						251
Total			$	2,042					$	2,114

(1) Price per unit of measure represents a weighted average associated with various grades, qualities and locations.  Accordingly, these prices may not coincide with any published benchmarks for such products.