Properties and Equipment

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Abstract]

The carrying amounts of our properties and equipment after restatement as per Note 2 are as follows:



	December 31, 2012		December 31, 2011
	(In thousands)
Pipelines, terminals and tankage	1,049,531		886,167
Land and right of way	63,248		43,904
Construction in progress	27,150		172,485
Other	24,462		17,554
	1,164,391		1,120,110
Less accumulated depreciation	203,856		159,611
	$	960,535	$	960,499

We capitalized $0.3 million and $0.9 million in interest related to construction projects during the years ended December 31, 2012 and 2011, respectively.

Depreciation expense was $50.1 million, $30.0 million, and $24.5 million for the years ended December 31, 2012, 2011 and 2010, respectively. Included in depreciation expense were asset abandonment charges of $4.8 million, $1.2 million and $0.4 million for the years ended December 31, 2012, 2011 and 2010, respectively, for assets permanently removed from service.

- 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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