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Organization
9 Months Ended
Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]
1. Organization
Western Refining Logistics, LP ("WNRL" or the "Partnership") is a Delaware limited partnership formed in July 2013 by Western Refining Logistics GP, LLC ("WRGP" or the "General Partner"), our general partner. WRGP is 100% owned by Western Refining, Inc. ("Western") and holds all of the non-economic general partner interests in WNRL. As of September 30, 2015, Western owned 66.1% of the limited partner interest in WNRL and public unitholders held the remaining 33.9%. See Note 12, Equity, for additional information.
WNRL is a growth-oriented partnership formed to own, operate, develop and acquire logistics and related assets and businesses including terminals, storage tanks, pipelines and other logistics assets used for the terminalling, transportation, storage and distribution of crude oil and refined products. WNRL's assets include approximately 300 miles of pipelines, 8.1 million barrels of active storage capacity, terminal facilities and a fleet of transport units that distribute wholesale petroleum products and transport crude oil.
On October 15, 2014, we acquired all of the outstanding limited liability company interests of Western Refining Wholesale, LLC (“WRW”) that owned substantially all of Western’s wholesale assets in the Southwest U.S. See Note 3, Acquisitions for additional information. On October 30, 2015, we acquired Western's remaining portion of the TexNew Mex 16" Pipeline and other related assets. See Note 19, Subsequent Events, for further discussion of this transaction.
Our operations include two business segments: the logistics segment and the wholesale segment. See Note 4, Segment Information, for further discussion of our business segments. Prior to the Wholesale Acquisition, WNRL generated its revenues principally based on fees charged for logistics services. Following the Wholesale Acquisition, a significant portion of our revenues result from product sales to third-party and affiliate customers.
The financial statements presented in this Quarterly Report on Form 10-Q have been retrospectively adjusted to include the consolidated financial results of the WRW assets prior to October 15, 2014. The balance sheets as of September 30, 2015 and December 31, 2014, present solely the consolidated financial position of WNRL. This was a transaction between entities under common control and we recorded the purchase of WRW's assets at Western's historical book value as required by U.S. generally accepted accounting principles ("GAAP") related to segment reporting to treat this transaction as a reorganization of entities under common control.