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

9 Months Ended

Sep. 30, 2014

Inventory, Linefill and Base Gas and Long-term Inventory

Components 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):

	September 30, 2014						December 31, 2013
		Unit of	Carrying		Price/			Unit of	Carrying		Price/
	Volumes	Measure	Value		Unit (1)		Volumes	Measure	Value		Unit (1)
Inventory
Crude oil	5,665	barrels	$	476	$	84.02	6,951	barrels	$	540	$	77.69
NGL	17,392	barrels	699		$	40.19	8,061	barrels	352		$	43.67
Natural gas	29,245	Mcf	119		$	4.07	40,505	Mcf	150		$	3.70
Other	N/A		20		N/A		N/A		23		N/A
Inventory subtotal			1,314						1,065
Linefill and base gas
Crude oil	11,390	barrels	715		$	62.77	10,966	barrels	679		$	61.92
NGL	1,214	barrels	54		$	44.48	1,341	barrels	62		$	46.23
Natural gas	28,612	Mcf	134		$	4.68	16,615	Mcf	57		$	3.43
Linefill and base gas subtotal			903						798
Long-term inventory
Crude oil	2,557	barrels	207		$	80.95	2,498	barrels	202		$	80.86
NGL	1,681	barrels	63		$	37.48	1,161	barrels	49		$	42.20
Long-term inventory subtotal			270						251
Total			$	2,487					$	2,114

(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.