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

3 Months Ended

Mar. 31, 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):

	March 31, 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	7,168	barrels	$	128	$	17.86	8,613	barrels	$	450	$	52.25
NGL	3,992	barrels	42		$	10.52	7,574	barrels	142		$	18.75
Other	N/A		11		N/A		N/A		12		N/A
Inventory subtotal			181						604
Linefill and base gas
Crude oil	14,251	barrels	804		$	56.42	14,316	barrels	826		$	57.70
NGL	1,640	barrels	41		$	25.00	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			955						981
Long-term inventory
Crude oil	2,789	barrels	55		$	19.72	2,598	barrels	152		$	58.51
NGL	1,579	barrels	18		$	11.40	1,707	barrels	30		$	17.57
Long-term inventory subtotal			73						182
Total			$	1,209					$	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.