Property, Plant and Equipment, Net

6 Months Ended

Jun. 30, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

5. Property, Plant and Equipment, Net

Property, plant and equipment, net was as follows:



	June 30, 2014			December 31, 2013
	(In thousands)
Buildings and improvements	$	5,428		$	5,428
Pipelines and related assets	75,580			71,103
Terminals and related assets	104,334			103,361
Asphalt plant, terminals and related assets	22,714			22,714
	208,056			202,606
Accumulated depreciation	(73,000		)	(66,289		)
	135,056			136,317
Construction in progress	12,752			9,301
Property, plant and equipment, net	$	147,808		$	145,618

Depreciation expense was $3.5 million, $6.7 million, $2.9 million and $5.8 million for the three and six months ended June 30, 2014 and 2013, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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