XML 40 R40.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Derivative Financial Instruments (Details) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
gal
bbl
MMBTU
Jun. 30, 2010
Jun. 30, 2011
gal
bbl
MMBTU
Jun. 30, 2010
Dec. 31, 2010
Derivative financial instruments          
Notional quantity of crude oil contract (in bbl) 6,382,676   6,382,676    
Notional quantity of natural gas contract (in MMBtu) 15,635,865   15,635,865    
Refined products (gal) 151,776,610   151,776,610    
Notional amount for embedded derivative in commodity contract (in Dth per day) 9,000   9,000    
Derivative contracts not designated as hedging instruments          
Fair value of derivative instruments - current assets $ 2,835,000   $ 2,835,000   $ 4,345,000
Fair value of derivative instruments - long-term assets 3,349,000   3,349,000   417,000
Fair value of derivative instruments - current liabilities (78,345,000)   (78,345,000)   (65,489,000)
Fair value of derivative liabilities - long-term liabilities (81,121,000)   (81,121,000)   (66,290,000)
Total derivative assets 6,184,000   6,184,000   4,762,000
Total derivative liabilities (159,466,000)   (159,466,000)   (131,779,000)
Total Revenue: derivative gain (loss) 40,590,000 46,902,000 (45,089,000) 39,666,000  
Total derivative loss related to purchased product costs 254,000 8,392,000 (19,140,000) (4,997,000)  
Derivative gain (loss) related to facility expenses (2,927,000) (934,000) 84,000 (128,000)  
Derivative gain related to interest expense       1,871,000  
Total (loss) gain 37,917,000 54,363,000 (64,145,000) 36,471,000  
Premium payments, net of amortization 2,300,000   2,300,000    
Derivative instruments not designated as hedging instruments
         
Derivative contracts not designated as hedging instruments          
Fair value of derivative instruments - current assets 2,835,000   2,835,000   4,345,000
Fair value of derivative instruments - long-term assets 3,349,000   3,349,000   417,000
Fair value of derivative instruments - current liabilities (78,345,000)   (78,345,000)   (65,489,000)
Fair value of derivative liabilities - long-term liabilities (81,121,000)   (81,121,000)   (66,290,000)
Total derivative assets 6,184,000   6,184,000   4,762,000
Total derivative liabilities (159,466,000)   (159,466,000)   (131,779,000)
Derivative instruments not designated as hedging instruments | Derivative revenue
         
Derivative contracts not designated as hedging instruments          
Realized gain (loss) (12,186,000) (5,690,000) (26,577,000) (18,819,000)  
Unrealized gain (loss) 52,776,000 52,592,000 (18,512,000) 58,485,000  
Total Revenue: derivative gain (loss) 40,590,000 46,902,000 (45,089,000) 39,666,000  
Derivative instruments not designated as hedging instruments | Derivative related to purchased product costs
         
Derivative contracts not designated as hedging instruments          
Realized gain (loss) (5,560,000) (5,733,000) (13,447,000) (11,171,000)  
Unrealized gain (loss) 5,814,000 14,125,000 (5,693,000) 6,174,000  
Total derivative loss related to purchased product costs 254,000 8,392,000 (19,140,000) (4,997,000)  
Derivative instruments not designated as hedging instruments | Derivative related to facility expenses
         
Derivative contracts not designated as hedging instruments          
Unrealized gain (loss) (2,927,000) (934,000) 84,000 (128,000)  
Derivative instruments not designated as hedging instruments | Derivative related to interest expense
         
Derivative contracts not designated as hedging instruments          
Realized gain (loss)       2,380,000  
Unrealized gain (loss)       (509,000)  
Derivative gain related to interest expense       1,871,000  
Derivative instruments not designated as hedging instruments | Miscellaneous income, net
         
Derivative contracts not designated as hedging instruments          
Unrealized gain (loss)   3,000   59,000  
Derivative revenue | Commodity contracts (net)
         
Derivative contracts not designated as hedging instruments          
Amortization of premium payments 1,100,000 500,000 2,100,000 1,100,000  
Embedded derivative in natural gas processing and purchase contract.
         
Derivative financial instruments          
Estimated fair value of embedded derivative contract liability including portion allocable to host processing agreement 104,074,000   104,074,000    
Inception value for period from April 1, 2015 to December 31, 2022 53,507,000   53,507,000    
Recorded value of embedded derivative contract liability 50,567,000   50,567,000    
Embedded derivative in electricity purchase contract
         
Derivative financial instruments          
Estimated fair value of embedded derivative contract asset $ 1,100,000   $ 1,100,000