Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2016

Long-term Purchase Commitment [Line Items]

Summary Of Purchase And Sale Commitments

We account for derivatives at fair value with the exception of commitments which have been designated as normal purchases and sales for which we do not record assets or liabilities related to these agreements until the product is purchased or sold. At September 30, 2016, such commitments included the following (in thousands):

	Volume (Barrels)	Value
Fixed price purchases	2,136	$	95,172
Fixed price sales	3,042	$	140,294
Floating price purchases	10,795	$	507,895
Floating price sales	15,123	$	666,430

Long-term Purchase Commitment [Table Text Block]

The approximate amount of future obligation is as follows (in thousands):

For year ending:
December 31, 2016	$	2,975
December 31, 2017	11,938
December 31, 2018	10,060
December 31, 2019	9,121
December 31, 2020	8,451
Thereafter	15,941
Total expected future payments	$	58,486