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Derivatives (Tables)
12 Months Ended
Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Outstanding Derivatives Entered Into Hedge Inventory or Fixed Price Purchase Commitments
At December 31, 2017, we had the following outstanding derivative commodity contracts that were entered into to economically hedge inventory or fixed price purchase commitments.
 
Sell (Short)
Contracts
 
Buy (Long)
Contracts
Designated as hedges under accounting rules:
 
 
 
Crude oil futures:
 
 
 
Contract volumes (1,000 bbls)
297

 

Weighted average contract price per bbl
$
57.70

 

Not qualifying or not designated as hedges under accounting rules:
 
 
 
Crude oil futures:
 
 
 
Contract volumes (1,000 bbls)
223

 
152

Weighted average contract price per bbl
$
56.86

 
$
57.30

Fuel oil futures:

 

Contract volumes (1,000 bbls)
260

 
20

Weighted average contract price per bbl
$
55.01

 
$
53.20

Crude oil options:

 

Contract volumes (1,000 bbls)
80

 
45

Weighted average premium received
$
0.85

 
$
0.24

Schedule of Accounting Treatment And Classification of Derivative Instruments
The following table summarizes the accounting treatment and classification of our derivative instruments on our Consolidated Financial Statements.
 
Derivative Instrument
  
Hedged Risk
  
Impact of Unrealized Gains and Losses
 
  
Consolidated
Balance Sheets
  
Consolidated
Statements of Operations
Designated as hedges under accounting guidance:
Crude oil futures contracts (fair value hedge)
 
Volatility in crude oil prices - effect on market value of inventory
 
Derivative is recorded in Other current assets (offset against margin deposits) and offsetting change in fair value of inventory is recorded
 in Inventories
 
Excess, if any, over effective portion of hedge is recorded in Onshore facilities and transportation costs - product costs
Effective portion is offset in cost of sales against change in value of inventory being hedged
Not qualifying or not designated as hedges under accounting guidance:
Commodity hedges consisting of crude oil, heating oil and natural gas futures and forward contracts and call options
  
Volatility in crude oil and petroleum products prices - effect on market value of inventory or purchase commitments
  
Derivative is recorded in Other current assets (offset against margin deposits) or Accrued liabilities
  
Entire amount of change in fair value of derivative is recorded in Onshore facilities and transportation costs - product costs
Preferred Distribution Rate Reset Election
 
This instrument is not related to a risk, but is rather part of a host contract with the issuance of our Preferred Units
 
Derivative is recorded in Other long-term liabilities
 
Entire amount of change in fair value of derivative is recorded in Other income (expense)
Schedule of Fair Value of Derivative Assets And Liabilities
 
 
 
Fair Value
 
Consolidated
Balance Sheets Location
 
December 31, 2017
 
 
 
December 31, 2016
Asset Derivatives:
 
 
 
 
 
 
 
Commodity derivatives—futures and call options (undesignated hedges):
 
 
 
 
 
 
 
Gross amount of recognized assets
Current Assets - Other
 
$
505

 
 
 
$
443

Gross amount offset in the Consolidated Balance Sheets
Current Assets - Other
 
(505
)
 
 
 
(443
)
Net amount of assets presented in the Consolidated Balance Sheets
 
 
$

 
  
 
$

Total asset derivatives
 
 
$

 
  
 
$

Commodity derivatives—futures and call options (designated hedges):
 
 
 
 
 
 
 
Gross amount of recognized assets
Current Assets - Other
 
$
54

 
 
 
$
3,321

Gross amount offset in the Consolidated Balance Sheets
Current Assets - Other
 
(54
)
 
 
 
(3,321
)
Net amount of assets presented in the Consolidated Balance Sheets
 
 
$

 
 
 
$

Liability Derivatives:
 
 
 
 
 
 
 
Preferred Distribution Rate Reset Election (2)
Other Long-Term Liabilities (2)
 
$
(45,209
)
 
 
 

Commodity derivatives—futures and call options (undesignated hedges):
 
 
 
 
 
 
 
Gross amount of recognized liabilities
Current Assets - Other (1)
 
$
(1,203
)
 
 
 
$
(1,772
)
Gross amount offset in the Consolidated Balance Sheets
Current Assets - Other (1)
 
1,203

 
 
 
1,772

Net amount of liabilities presented in the Consolidated Balance Sheets
 
 
$

 

 
$

Commodity derivatives—futures and call options (designated hedges):
 
 
 
 
 
 
 
Gross amount of recognized liabilities
Current Assets - Other (1)
 
$
(863
)
 
 
 
$
(9,506
)
Gross amount offset in the Consolidated Balance Sheets
Current Assets - Other (1)
 
338

 
 
 
7,589

Net amount of liabilities presented in the Consolidated Balance Sheets
 
 
$
(525
)
 
 
 
$
(1,917
)
 
(1)
These derivative liabilities have been funded with margin deposits recorded in our Consolidated Balance Sheets under Current Assets - Other.
(2)
Refer to Note 11 and Note 19 for additional discussion surrounding the Preferred Distribution Rate Reset Election derivative.
Schedule of Effect on Consolidated Statements of Operations And Other Comprehensive Income (Loss)
Effect on Operating Results
 
 
 
 
Amount of Gain (Loss) Recognized in Income
 
 
 
Year Ended
December 31,
 
Consolidated Statements of Operations Location
 
2017
 
2016
 
2015
Commodity derivatives—futures and call options:
 
 
 
 
 
 
 
Contracts designated as hedges under accounting guidance
Onshore facilities and transportation product costs
 
$
5,116


$
(13,195
)
 
$
(1,101
)
Contracts not considered hedges under accounting guidance
Onshore facilities and transportation product costs
 
(1,314
)
 
(5,847
)
 
16,026

Total commodity derivatives
 
 
$
3,802

 
$
(19,042
)
 
$
14,925

 
 
 
 
 
 
 
 
Preferred Distribution Rate Reset Election (Note 19)
Other Expense
 
$
(10,472
)
 
$

 
$