XML 29 R18.htm IDEA: XBRL DOCUMENT

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2017
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events We have evaluated events that have occurred after June 30, 2017, through the issuance of these condensed consolidated financial statements. Any material subsequent events that occurred during this time have been properly recognized or disclosed in the consolidated financial statements and accompanying notes. Distribution On July 19, 2017, the Board declared a cash distribution of $0.30410 per limited partner unit for the three months ended June 30, 2017. The distribution will be paid on August 14, 2017 to unitholders of record as of July 31, 2017. Permian Basin Interest On August 1, 2017, we exercised the option to purchase a 50.0% equity interest in Crestwood Permian Basin LLC (the “Permian Basin Interest”) for $47.0 million from an entity jointly owned by Crestwood Equity Partners, L.P. (“Crestwood”) and an affiliate of First Reserve Management, L.P. Crestwood Permian Basin LLC owns the Nautilus gas gathering system located in the Delaware Permian Basin. The acquisition of the Permian Basin Interest is subject to confirmatory due diligence and other customary closing conditions.