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Inventory
6 Months Ended
Jun. 30, 2014
Inventory [Abstract]  
Inventory

(4) INVENTORY

 

Inventory recorded in current assets includes $35 million at June 30, 2014 and $34 million at December 31, 2013 for tubular and other equipment used in the Company’s E&P segment, and  $2 million at June 30, 2014 and $4 million at December 31, 2013 for natural gas in underground storage owned by the E&P segment.

 

Other long-term assets include $17 million at June 30, 2014 and $15 million at December 31, 2013, respectively, for inventory held by the Midstream Services segment consisting primarily of pipe that will be used to construct gathering systems.