Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Line Items]

Property, Plant and Equipment [Table Text Block]

Depreciation is computed using the straight-line method over management’s estimated useful lives of the related assets, except for automotive equipment, which is depreciated using a declining-balance method. The estimated useful lives are as follows:



	Years
Building and pipeline improvements	15-40
Pipelines and terminals	15-40
Asset retirement obligation assets	15-50
Other equipment	3-15

Property, plant and equipment, at cost, consist of the following (in thousands):



	December 31,
	2012			2011
				Predecessor
Land and land improvements	$	1,064		$	905
Building and building improvements	874			815
Pipelines and terminals	150,655			142,218
Asset retirement obligations	944			—
Other equipment	1,503			1,042
Construction in process	17,260			—
	172,300			144,980
Less: accumulated depreciation	(18,790		)	(11,300		)
	$	153,510		$	133,680

Property, plant and equipment, accumulated depreciation and depreciation expense by reporting segment as of and for the years ended December 31, 2012 and 2011 are as follows (in thousands):



	As of and For the Year Ended December 31, 2012
	Pipelines and Transportation			Wholesale Marketing and Terminalling			Consolidated
Property, plant and equipment	$	126,631		$	45,669		$	172,300
Less: Accumulated depreciation	(8,024		)	(10,766		)	(18,790		)
Property, plant and equipment, net	$	118,607		$	34,903		$	153,510
Depreciation expense	$	5,434		$	2,177		$	7,611



	As of and For the Year Ended December 31, 2011
	Pipelines and Transportation			Wholesale Marketing and Terminalling			Consolidated
Property, plant and equipment	$	108,447		$	36,533		$	144,980
Less: Accumulated depreciation	(2,210		)	(9,090		)	(11,300		)
Property, plant and equipment, net	$	106,237		$	27,443		$	133,680
Depreciation expense	$	2,051		$	1,706		$	3,757

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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