Quarterly report pursuant to Section 13 or 15(d)

PLANT, PIPELINE AND EQUIPMENT (Tables)

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PLANT, PIPELINE AND EQUIPMENT (Tables)
6 Months Ended
Jun. 30, 2015
PLANT, PIPELINE AND EQUIPMENT [Abstract]  
Plant, Pipeline and Equipment
Plant, pipeline and equipment consisted of the following:

   
June 30, 2015
   
December 31, 2014
 
   
(thousands of dollars)
 
Platinum catalyst
  $ 1,612     $ 1,612  
Land
    4,577       4,577  
Plant, pipeline and equipment
    97,576       95,351  
Construction in progress
    26,025       11,590  
Total plant, pipeline and equipment
    129,790       113,130  
  Less accumulated depreciation
    (43,138 )     (39,319 )
Net plant, pipeline and equipment
  $ 86,652     $ 73,811