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Inventory
9 Months Ended
Sep. 30, 2014
Inventory [Abstract]  
Inventory

(3) INVENTORY

 

Inventory recorded in current assets includes $33 million at September 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 September 30, 2014 and $4 million at December 31, 2013 for natural gas in underground storage owned by the E&P segment. Also included at September 30, 2014 was $2 million for natural gas in underground storage owned by Midstream Services segment.    

 

Other long-term assets include $16 million at September 30, 2014 and $15 million at December 31, 2013, for inventory held by the Midstream Services segment consisting primarily of pipe that will be used to construct gathering systems.