Annual report pursuant to Section 13 and 15(d)

Deferred Engineering Costs

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Deferred Engineering Costs
12 Months Ended
Dec. 31, 2017
Deferred Costs [Abstract]  
Deferred Engineering Costs
NOTE 3 — DEFERRED ENGINEERING COSTS
Deferred engineering costs of $18.0 million at December 31, 2017, represent detailed engineering services related to the Driftwood terminal. Such costs will be deferred until construction commences on the Driftwood terminal, at which time they will be transferred to construction in progress. The $18.0 million of deferred engineering costs includes $9.0 million which is recorded in accounts payable.