Annual report pursuant to Section 13 and 15(d)

Equity Investments (Tables)

v3.8.0.1
Equity Investments (Tables)
12 Months Ended
Dec. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Investments Accounted for by the Equity Method
Summarized balance sheet information:    
 
December 31,
 
2017
 
2016
 
(In thousands)
Current assets
$
415,032

 
$
148,733

Noncurrent assets
$
1,542,090

 
$
1,305,407

Current liabilities
$
261,086

 
$
57,173

Noncurrent liabilities
$
148,839

 
$
67,680

Investments accounted for by the equity method consist of the following as of December 31, 2017 and 2016:
 
 
 
Carrying Value
 
Loss (income) from equity method investments
 
Approximate Ownership %
 
December 31,
 
For the Year Ended December 31,
 
 
2017
 
2016
 
2017
 
2016
 
2015
 
 
 
(In thousands)
Investment in Tatex Thailand II, LLC
23.5
%
 
$

 
$

 
$
(549
)
 
$
(412
)
 
$
189

Investment in Tatex Thailand III, LLC
17.9
%
 

 

 
(183
)
 

 

Investment in Grizzly Oil Sands ULC
24.9999
%
 
57,641

 
45,213

 
2,189

 
25,150

 
115,544

Investment in Timber Wolf Terminals LLC
50.0
%
 
983

 
991

 
8

 
8

 
14

Investment in Windsor Midstream LLC
22.5
%
 
30

 
25,749

 
25,233

 
(13,618
)
 
(18,398
)
Investment in Stingray Cementing LLC(1)
%
 

 
1,920

 
205

 
263

 
147

Investment in Blackhawk Midstream LLC
48.5
%
 

 

 

 

 
(7,216
)
Investment in Stingray Energy Services LLC(1)
%
 

 
4,215

 
282

 
1,044

 
557

Investment in Sturgeon Acquisitions LLC(1)
%
 

 
20,526

 
(71
)
 
993

 
(1,229
)
Investment in Mammoth Energy Services, Inc.(1)
25.1
%
 
165,715

 
111,717

 
(23,811
)
 
20,646

 
16,485

Investment in Strike Force Midstream LLC
25.0
%
 
77,743

 
33,589

 
1,954

 
(89
)
 

 
 
 
$
302,112

 
$
243,920

 
$
5,257

 
$
33,985

 
$
106,093


 
 
 
 
(1)
On June 5, 2017, the Company contributed all of its membership interests in Stingray Cementing LLC, Stingray Energy Services LLC and Sturgeon Acquisitions LLC to Mammoth Energy Services, Inc. ("Mammoth Energy"). See below under Mammoth Energy Partners LP/Mammoth Energy Services, Inc. for information regarding these transactions.
 
 
 
 
Summarized results of operations:    
 
December 31,
 
2017
 
2016
 
2015
 
(In thousands)
Gross revenue
$
755,374

 
$
287,733

 
$
430,729

Net (loss) income
$
(37,102
)
 
$
(65,070
)
 
$
16,761