Property, Plant and Equipment (Notes)

12 Months Ended

Dec. 31, 2011

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Text Block]

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment, at cost, is as follows (in thousands):



	December 31, 2011		December 31, 2010
			Predecessor
Crude Oil Gathering	$	97,249	$	94,482
Terminalling, Transportation and Storage	108,929		98,771
Gross Property, Plant and Equipment	206,178		193,253
Less: Accumulated depreciation	69,914		61,763
Net Property, Plant and Equipment	$	136,264	$	131,490

We capitalize interest as part of the cost of major projects during the construction period. Capitalized interest totaled $0.1 million for the year ended December 31, 2011 and is recorded as a reduction to interest and financing costs. Immaterial amounts of capitalized interest were recorded for Predecessor periods. Depreciation expense totaled $8.1 million, $8.0 million and $8.8 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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