Inventory, Linefill and Long-term Inventory (Tables)

3 Months Ended

Mar. 31, 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):

	March 31, 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	4,711	barrels	$	420	$	89.15	8,041	barrels	$	544	$	67.65
NGL	2,329	barrels	102		$	43.80	6,982	barrels	234		$	33.51
Other	N/A		5		N/A		N/A		5		N/A
Inventory subtotal			527						783
Linefill
Crude oil	15,160	barrels	872		$	57.52	15,199	barrels	862		$	56.71
NGL	1,667	barrels	47		$	28.19	1,633	barrels	45		$	27.56
Linefill subtotal			919						907
Long-term inventory
Crude oil	3,289	barrels	325		$	98.81	2,973	barrels	209		$	70.30
NGL	1,071	barrels	49		$	45.75	1,135	barrels	44		$	38.77
Long-term inventory subtotal			374						253
Total			$	1,820					$	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):

	March 31, 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	4,711	barrels	$	420	$	89.15	8,041	barrels	$	544	$	67.65
NGL	2,329	barrels	102		$	43.80	6,982	barrels	234		$	33.51
Other	N/A		5		N/A		N/A		5		N/A
Inventory subtotal			527						783
Linefill
Crude oil	15,160	barrels	872		$	57.52	15,199	barrels	862		$	56.71
NGL	1,667	barrels	47		$	28.19	1,633	barrels	45		$	27.56
Linefill subtotal			919						907
Long-term inventory
Crude oil	3,289	barrels	325		$	98.81	2,973	barrels	209		$	70.30
NGL	1,071	barrels	49		$	45.75	1,135	barrels	44		$	38.77
Long-term inventory subtotal			374						253
Total			$	1,820					$	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.