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Fixed Assets And Asset Retirement Obligations | 3 Months Ended
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Mar. 31, 2012
Fixed Assets And Asset Retirement Obligations [Abstract] |
Fixed Assets And Asset Retirement Obligations | 5. Fixed Assets and Asset Retirement Obligations Fixed Assets Fixed assets consisted of the following:
|  | March 31, 2012 |  |  | December 31, 2011 |
Land, buildings and improvements |  | $ | 13,207 |  |  | $ | 13,140 |
Pipelines and related assets |  |  | 196,790 |  |  |  | 167,865 |
Machinery and equipment |  |  | 47,342 |  |  |  | 46,233 |
Transportation equipment |  |  | 20,902 |  |  |  | 21,732 |
Marine vessels |  |  | 293,106 |  |  |  | 262,216 |
Office equipment, furniture and fixtures |  |  | 4,072 |  |  |  | 3,778 |
Construction in progress |  |  | 30,144 |  |  |  | 14,236 |
Other |  |  | 12,048 |  |  |  | 11,938 |
Fixed assets, at cost |  |  | 617,611 |  |  |  | 541,138 |
Accumulated depreciation |  |  | (131,928 | ) |  |  | (124,213 | )
Net fixed assets |  | $ | 485,683 |  |  | $ | 416,925 |
Depreciation expense was $8.8 million and $5.8 million for the three months ended March 31, 2012 and 2011, respectively. Asset Retirement Obligations A reconciliation of our liability for asset retirement obligations is as follows:
Asset retirement obligations as of December 31, 2011 |  | $ | 5,900 |
Liabilities incurred and assumed in the current period |  |  | 5,995 |
Accretion expense |  |  | 200 |
Asset retirement obligations as of March 31, 2012 |  | $ | 12,095 |
During the three months ended March 31, 2012, we assumed asset retirement obligations of $5.9 million related to pipelines in connection with our acquisition of GOPL. See Note 3 for information related to our acquisitions.

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