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

6 Months Ended

Jun. 30, 2015

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 as of the dates indicated (barrels and natural gas volumes in thousands and carrying value in millions):

	June 30, 2015						December 31, 2014
		Unit of	Carrying		Price/			Unit of	Carrying		Price/
	Volumes	Measure	Value		Unit (1)		Volumes	Measure	Value		Unit (1)
Inventory
Crude oil	12,916	barrels	$	649	$	50.25	6,465	barrels	$	304	$	47.02
NGL	12,931	barrels		213	$	16.47	13,553	barrels		454	$	33.50
Natural gas	16,342	Mcf		45	$	2.75	32,317	Mcf		102	$	3.16
Other	N/A			34		N/A	N/A			31		N/A
Inventory subtotal				941						891
Linefill and base gas
Crude oil	13,195	barrels		790	$	59.87	11,810	barrels		744	$	63.00
NGL	1,348	barrels		48	$	35.61	1,212	barrels		52	$	42.90
Natural gas	29,812	Mcf		138	$	4.63	28,612	Mcf		134	$	4.68
Linefill and base gas subtotal				976						930
Long-term inventory
Crude oil	2,420	barrels		134	$	55.37	2,582	barrels		136	$	52.67
NGL	1,652	barrels		25	$	15.13	1,681	barrels		50	$	29.74
Long-term inventory subtotal				159						186
Total			$	2,076					$	2,007

⁽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.