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

12 Months Ended

Dec. 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):

	December 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	13,450	barrels	$	441	$	32.79	8,613	barrels	$	450	$	52.25
NGL	12,302	barrels	199		$	16.18	7,574	barrels	142		$	18.75
Other	N/A		7		N/A		N/A		12		N/A
Inventory subtotal			647						604
Linefill and base gas
Crude oil	14,669	barrels	828		$	56.45	14,316	barrels	826		$	57.70
NGL	1,640	barrels	44		$	26.83	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			982						981
Long-term inventory
Crude oil	2,499	barrels	111		$	44.42	2,598	barrels	152		$	58.51
NGL	1,185	barrels	19		$	16.03	1,707	barrels	30		$	17.57
Long-term inventory subtotal			130						182
Total			$	1,759					$	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.