Properties and Equipment

12 Months Ended

Dec. 31, 2011

Property, Plant and Equipment [Abstract]



	December 31,
	2011		2010
	(In thousands)
Pipelines, terminals and tankage	$	633,095	$	507,260
Land and right of way	27,149		25,264
Other	16,507		14,591
Construction in progress	14,419		16,601
	691,170		563,716
Less accumulated depreciation	154,745		128,766
	$	536,425	$	434,950

We capitalized $0.9 million and $0.5 million in interest related to major construction projects during the years ended December 31, 2011 and 2010, respectively.

Depreciation expense was $26.2 million, $23.7 million and $19.7 million for the years ended December 31, 2011, 2010 and 2009, respectively.

- Definition

The entire disclosure for 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. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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