| Investments Accounted For By The Equity Method |
Investments accounted for by the equity method consist of the following as of June 30, 2016 and December 31, 2015:
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Carrying value |
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Loss (income) from equity method investments
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Approximate ownership % |
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June 30, 2016 |
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December 31, 2015 |
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Three months ended June 30, |
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Six months ended June 30, |
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2016 |
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2015 |
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2016 |
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2015 |
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(In thousands) |
Investment in Tatex Thailand II, LLC |
23.5 |
% |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
(159 |
) |
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$ |
— |
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Investment in Tatex Thailand III, LLC |
17.9 |
% |
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— |
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— |
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— |
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189 |
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— |
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189 |
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Investment in Grizzly Oil Sands ULC |
24.9999 |
% |
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49,556 |
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50,645 |
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763 |
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8,494 |
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24,448 |
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12,636 |
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Investment in Timber Wolf Terminals LLC |
50.0 |
% |
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996 |
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999 |
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1 |
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7 |
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4 |
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13 |
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Investment in Windsor Midstream LLC |
22.5 |
% |
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26,147 |
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27,955 |
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(2,881 |
) |
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881 |
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(3,048 |
) |
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(17,906 |
) |
Investment in Stingray Cementing LLC |
50.0 |
% |
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2,359 |
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2,487 |
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78 |
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105 |
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108 |
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172 |
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Investment in Blackhawk Midstream LLC |
48.5 |
% |
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— |
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— |
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— |
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— |
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— |
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(7,217 |
) |
Investment in Stingray Energy Services LLC |
50.0 |
% |
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4,981 |
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5,908 |
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139 |
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311 |
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641 |
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321 |
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Investment in Sturgeon Acquisitions LLC |
25.0 |
% |
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22,258 |
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22,769 |
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134 |
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(491 |
) |
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511 |
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(1,059 |
) |
Investment in Mammoth Energy Partners LP |
30.5 |
% |
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121,309 |
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131,630 |
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2,543 |
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5,624 |
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9,009 |
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7,996 |
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Investment in Strike Force Midstream LLC |
25.0 |
% |
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25,441 |
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— |
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59 |
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— |
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59 |
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— |
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$ |
253,047 |
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$ |
242,393 |
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$ |
836 |
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$ |
15,120 |
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$ |
31,573 |
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$ |
(4,855 |
) |
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| Equity Method Investment Balance Sheet Summary |
The tables below summarize financial information for the Company's equity investments as of June 30, 2016 and December 31, 2015.
Summarized balance sheet information:
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June 30, 2016 |
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December 31, 2015 |
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(In thousands) |
Current assets |
$ |
105,614 |
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$ |
105,537 |
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Noncurrent assets |
$ |
1,330,877 |
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$ |
1,293,925 |
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Current liabilities |
$ |
41,238 |
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$ |
56,559 |
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Noncurrent liabilities |
$ |
146,642 |
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$ |
155,995 |
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| Equity Method Investment Income Statement Summary |
Summarized results of operations:
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Three months ended June 30, |
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Six months ended June 30, |
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2016 |
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2015 |
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2016 |
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2015 |
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(In thousands) |
Gross revenue |
$ |
86,732 |
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$ |
130,134 |
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$ |
130,039 |
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$ |
263,690 |
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Net (loss) income |
$ |
(560 |
) |
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$ |
(45,246 |
) |
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$ |
(25,868 |
) |
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$ |
45,422 |
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