PLANT, PIPELINE AND EQUIPMENT (Tables)

3 Months Ended

Mar. 31, 2014

PLANT, PIPELINE AND EQUIPMENT [Abstract]

Plant, pipeline and equipment at March 31, 2014, and December 31, 2013, consisted of the following:

	March 31, 2014			December 31, 2013
	(thousands of dollars)
Platinum catalyst	$	1,612		$	1,612
Land		1,577			1,577
Plant, pipeline and equipment		72,533			71,115
Construction in progress		1,123			824
Total plant, pipeline and equipment		76,845			75,128
Less accumulated depreciation and amortization		(34,616	)		(33,203	)
Plant, pipeline and equipment, net	$	42,229		$	41,925

- Definition

Tabular disclosure of the useful life and salvage value of 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.

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