Related Party Transactions

3 Months Ended

12 Months Ended

Mar. 31, 2016

Dec. 31, 2015

Note 11 – Related Party Transactions

CEQP and CMLP enter into transactions with their affiliates within the ordinary course of business and the services are based on the same terms as non-affiliates, including gas gathering and processing services under long-term contracts, product purchases and various operating agreements.

The following table shows revenues, costs of product/services sold, general and administrative expenses and reimbursements of expenses from our affiliates for the three months ended March 31, 2016 and 2015 (in millions):


	Three Months Ended March 31,
	2016		2015
Gathering and processing revenues at CEQP and CMLP	$	0.7	$	1.0

Gathering and processing costs of product/services sold at CEQP and CMLP⁽¹⁾	$	4.3	$	8.3

Operations and maintenance expenses charged at CEQP and CMLP	$	0.7	$	0.9

General and administrative expenses charged by CEQP to CMLP, net⁽²⁾	$	3.7	$	17.4

General and administrative expenses charged by CEQP to Crestwood Holdings, net⁽³⁾	$	0.1	$	0.1

(1)	Represents natural gas purchases from Sabine Oil and Gas Corporation.

(2)

Includes $4.5 million and $2.2 million of net unit-based compensation charges allocated from CEQP to CMLP for three months ended March 31, 2016 and 2015. In addition, prior to the completion of the Simplification Merger, CEQP allocated general and administrative costs to CMLP. In conjunction with the Simplification Merger, CMLP shares common management, general and administrative and overhead costs with CEQP. During the three months ended March 31, 2016, CMLP allocated $0.8 million of general and administrative costs to CEQP.

(3)	Includes less than $0.1 million unit-based compensation charges allocated from Crestwood Holdings to CEQP and CMLP during the three months ended 2016.

The following table shows accounts receivable and accounts payable from our affiliates as of March 31, 2016 and December 31, 2015 (in millions):


	CEQP				CMLP
	March 31, 2016		December 31, 2015		March 31, 2016		December 31, 2015
Accounts receivable	$	1.1	$	1.7	$	1.1	$	1.7

Accounts payable	$	3.8	$	4.0	$	1.3	$	1.5

Note 16—Related Party Transactions

Crestwood Holdings indirectly owns both CEQP’s and CMLP’s general partner. The affiliates of Crestwood Holdings and its owners are considered CEQP’s and CMLP’s related parties, including Sabine Oil and Gas LLC and Mountaineer Keystone LLC.

As discussed in Note 1, in conjunction with the completion of the Simplification Merger, CEQP contributed 100% of its interest in Crestwood Operations to CMLP. Crestwood Operations has 1,288 full-time employees as of December 31, 2015, 297 of which are general and administrative employees and 991 of which are operational employees. Prior to the Simplification Merger, CMLP did not have any employees other than approximately 100 union employees of US Salt. CMLP shares common management, general and administrative and overhead costs with CEQP and allocated shared costs of $0.8 million to CEQP during the year ended December 31, 2015.

The following table shows revenues, costs of product/services sold, general and administrative expenses and reimbursement of expenses from our affiliates for the years December 31, 2015, 2014 and 2013 (in millions):


	Year Ended December 31,
	2015		2014		2013
Gathering and processing revenues at CEQP and CMLP	$	3.9	$	3.0	$	74.9

Gathering and processing costs of product/services sold at CEQP and CMLP⁽¹⁾	$	28.9	$	42.2	$	32.5

Operations and maintenance expenses charged at CEQP and CMLP	$	2.8	$	0.2	$	—

General and administrative expenses charged by CEQP to CMLP, net⁽²⁾	$	49.5	$	63.6	$	34.7

General and administrative expenses charged by CEQP to Crestwood Holdings, net⁽³⁾	$	0.4	$	0.5	$	25.3

(1)	Represents natural gas purchases from Sabine Oil and Gas.

(2)	Includes $10.0 million, $6.9 million and $4.4 million of net unit-based compensation charges allocated from CEQP to CMLP for the years ended December 31, 2015, 2014 and 2013.

(3)	Includes $0.1 million unit-based compensation charges allocated from Crestwood Holdings to CMLP during the year ended December 31, 2015.

The following table shows accounts receivable and accounts payable from our affiliates as of December 31, 2015 and 2014 (in millions):


	CEQP				CMLP
	December 31,				December 31,
	2015		2014		2015		2014
Accounts receivable	$	1.7	$	0.6	$	1.7	$	0.3

Accounts payable	$	4.0	$	5.6	$	1.5	$	3.1

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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