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Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2017
Derivative [Line Items]  
Fair Value of Financial Assets and Liabilities
The tables below summarize the balances of commodity derivative assets and liabilities at March 31, 2017 and December 31, 2016 (in thousands):

 
March 31, 2017
 
December 31, 2016
Derivatives subject to netting arrangements:
Level 1
 
Netting*
 
Total
 
Level 1
 
Netting*
 
Total
Commodity derivatives:
 
 
 
 

 
 
 
 
 

Assets
$
63

 
$
(63
)
 
$

 
$
68

 
$
(68
)
 
$

Liabilities
$
1,418

 
$
(63
)
 
$
1,355

 
$
1,396

 
$
(68
)
 
$
1,328

*Relates primarily to exchange traded futures. Gain and loss positions on multiple contracts are settled net on a daily basis with the exchange.
Schedule of Notional Quantities for Commodity Derivative Instruments
The following table sets forth the notional quantities for commodity derivative instruments entered into (in thousands of barrels):
 
Three Months Ended March 31,
 
2017
 
2016
Sales
4,312

 
10,420

Purchases
4,131

 
10,510

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
We have recorded the fair value of our commodity derivative instruments on our condensed consolidated balance sheets in "other current assets" and "other current liabilities" in the following amounts (in thousands):
 
March 31, 2017
 
December 31, 2016
 
Assets
 
Liabilities
 
Assets
 
Liabilities
Commodity contracts
$

 
$
1,355

 
$

 
$
1,328

Schedule of Realized and Unrealized Gains (Losses) from Commodity Derivatives
Realized and unrealized gains (losses) from our commodity derivatives were recorded to product revenue in the following amounts (in thousands):
 
Three Months Ended March 31,
 
2017
 
2016
Commodity contracts
$
4,661

 
$
3,354