Transactions With Related Parties

6 Months Ended

Jun. 30, 2017

Transactions with Related Parties

Sales, purchases and other transactions with affiliated companies, in the opinion of management, are conducted under terms no more or less favorable than then-existing market conditions. The transactions with related parties were as follows:



	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Revenues:
Sales of CO₂ to Sandhill Group, LLC ⁽¹⁾	$	726	$	762	$	1,403	$	1,488
Revenues from services and fees to Poseidon Oil Pipeline Company, LLC ⁽²⁾	3,044		1,980		6,066		3,956
Costs and expenses:
Amounts paid to our CEO in connection with the use of his aircraft	$	165	$	165	$	330	$	330
Charges for services from Poseidon Oil Pipeline Company, LLC ⁽²⁾	249		251		490		498


(1)	We own a 50% interest in Sandhill Group, LLC.


(2)	We own 64% interest in Poseidon Oil Pipeline Company, LLC.

Amount due from Related Party

At June 30, 2017 and December 31, 2016 (i) Sandhill Group, LLC owed us $0.2 million and $0.2 million, respectively, for purchases of CO₂ and (ii) Poseidon Oil Pipeline Company, LLC owed us $1.9 million and $1.6 million, respectively, for services rendered.

Transactions with Unconsolidated Affiliates

Poseidon

We are the operator of Poseidon and provide management, administrative and pipeline operator services to Poseidon under an Operation and Management Agreement . Currently, that agreement renews automatically annually unless terminated by either party (as defined in the agreement). Our revenues for the three and six months ended June 30, 2017 reflect the $2.1 million and $4.2 million, respectively, of fees we earned through the provision of services under that agreement.