Inventory, Linefill and Long-term Inventory

9 Months Ended

Sep. 30, 2024

Inventory Disclosure [Abstract]

Inventory, Linefill and Long-term Inventory

Inventory, Linefill and Long-term Inventory

Inventory, linefill and long-term inventory consisted of the following (barrels in thousands and carrying value in millions):

	September 30, 2024						December 31, 2023
	Volumes	Unit of Measure	Carrying Value		Price/ Unit (1)		Volumes	Unit of Measure	Carrying Value		Price/ Unit (1)
Inventory
Crude oil	2,618	barrels	$	180	$	68.75	5,877	barrels	$	383	$	65.17
NGL	9,425	barrels	238		$	25.25	5,957	barrels	154		$	25.85
Other	N/A		18		N/A		N/A		11		N/A
Inventory subtotal			436						548
Linefill
Crude oil	15,644	barrels	925		$	59.13	15,409	barrels	909		$	58.99
NGL	2,243	barrels	66		$	29.42	2,168	barrels	67		$	30.90
Linefill subtotal			991						976
Long-term inventory
Crude oil	3,240	barrels	221		$	68.21	3,256	barrels	232		$	71.25
NGL	1,355	barrels	36		$	26.57	1,326	barrels	33		$	24.89
Long-term inventory subtotal			257						265
Total			$	1,684					$	1,789

(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.