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

6 Months Ended

Jun. 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):

	June 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	20,306	barrels	$	512	$	25.21	8,613	barrels	$	450	$	52.25
NGL	10,923	barrels	140		$	12.82	7,574	barrels	142		$	18.75
Other	N/A		10		N/A		N/A		12		N/A
Inventory subtotal			662						604
Linefill and base gas
Crude oil	14,491	barrels	810		$	55.90	14,316	barrels	826		$	57.70
NGL	1,645	barrels	42		$	25.53	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			962						981
Long-term inventory
Crude oil	2,747	barrels	104		$	37.86	2,598	barrels	152		$	58.51
NGL	1,579	barrels	21		$	13.30	1,707	barrels	30		$	17.57
Long-term inventory subtotal			125						182
Total			$	1,749					$	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.