Quarterly report pursuant to Section 13 or 15(d)

Equity Investments (Tables)

v3.8.0.1
Equity Investments (Tables)
3 Months Ended
Mar. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]  
Investments Accounted for by the Equity Method
Investments accounted for by the equity method consist of the following as of March 31, 2018 and December 31, 2017:
 
 
 
Carrying value
 
(Income) loss from equity method investments

 
Approximate ownership %
 
March 31, 2018
 
December 31, 2017
 
Three months ended March 31,
 
 
 
 
2018
 
2017
 
 
 
(In thousands)
Investment in Tatex Thailand II, LLC
23.5
%
 
$

 
$

 
$
(41
)
 
$
(243
)
Investment in Grizzly Oil Sands ULC
24.9999
%
 
53,564

 
57,641

 
330

 
365

Investment in Timber Wolf Terminals LLC
50.0
%
 
980

 
983

 
2

 
4

Investment in Windsor Midstream LLC
22.5
%
 
30

 
30

 

 
(311
)
Investment in Stingray Cementing LLC(1)
%
 

 

 

 
128

Investment in Blackhawk Midstream LLC
48.5
%
 

 

 

 

Investment in Stingray Energy Services LLC(1)
%
 

 

 

 
197

Investment in Sturgeon Acquisitions LLC(1)
%
 

 

 

 
68

Investment in Mammoth Energy Services, Inc.(1)
25.1
%
 
179,770

 
165,715

 
(13,470
)
 
2,158

Investment in Strike Force Midstream LLC
25.0
%
 
77,350

 
77,743

 
(357
)
 
2,541

 
 
 
$
311,694


$
302,112


$
(13,536
)
 
$
4,907


 
 
 
 
(1)
On June 5, 2017, Mammoth Energy Services, Inc. ("Mammoth Energy") acquired Stingray Cementing LLC, Stingray Energy Services LLC and Sturgeon Acquisitions LLC. See below under Mammoth Energy Partners LP/Mammoth Energy Services, Inc. for information regarding these transactions.
 
 
 
 
Equity Method Investment Balance Sheet Summary
The tables below summarize financial information for the Company’s equity investments as of March 31, 2018 and December 31, 2017.
Summarized balance sheet information:
 
March 31, 2018
 
December 31, 2017
 
 
 
(In thousands)
Current assets
$
395,679

 
$
415,032

Noncurrent assets
$
2,109,829

 
$
1,542,090

Current liabilities
$
285,521

 
$
261,086

Noncurrent liabilities
$
87,259

 
$
148,839

Equity Method Investment Income Statement Summary
Summarized results of operations:    
 
Three months ended March 31,
 
2018
 
2017
 
(In thousands)
Gross revenue
$
511,133

 
$
94,478

Net income (loss)
$
64,452

 
$
(25,339
)