Quarterly report pursuant to Section 13 or 15(d)

EQUITY INVESMENTS (Tables)

v3.10.0.1
EQUITY INVESMENTS (Tables)
9 Months Ended
Sep. 30, 2018
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of equity method investments
Investments accounted for by the equity method consist of the following as of September 30, 2018 and December 31, 2017:
 
 
 
Carrying value
 
(Income) loss from equity method investments

 
Approximate ownership %
 
September 30, 2018
 
December 31, 2017
 
Three months ended September 30,
 
Nine months ended September 30,
 
 
 
 
2018
 
2017
 
2018
 
2017
 
 
 
(In thousands)
Investment in Tatex Thailand II, LLC
23.5
%
 
$

 
$

 
$
(137
)
 
$
(95
)
 
$
(241
)
 
$
(549
)
Investment in Grizzly Oil Sands ULC
24.9999
%
 
53,381

 
57,641

 
275

 
296

 
833

 
869

Investment in Timber Wolf Terminals LLC
50.0
%
 

 
983

 

 
4

 
536

 
8

Investment in Windsor Midstream LLC
22.5
%
 
39

 
30

 

 
(2
)
 
(9
)
 
25,232

Investment in Stingray Cementing LLC(1)
%
 

 

 

 

 

 
205

Investment in Stingray Energy Services LLC(1)
%
 

 

 

 

 

 
282

Investment in Sturgeon Acquisitions LLC(1)
%
 

 

 

 

 

 
(71
)
Investment in Mammoth Energy Services, Inc.(1)
22.0
%
 
179,109

 
165,715

 
(12,996
)
 
2,407

 
(35,708
)
 
4,907

Investment in Strike Force Midstream LLC(2)
%
 

 
77,743

 

 
127

 
(693
)
 
2,585

 
 
 
$
232,529


$
302,112


$
(12,858
)
 
$
2,737

 
$
(35,282
)
 
$
33,468


 
 
 
 
(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.
 
 
 
 
(2)
On May 1, 2018, the Company sold its 25% interest in Strike Force Midstream to EQT Midstream Partners, LP. See below under under Strike Force Midstream LLC for information regarding this transaction.
 
 
 
 
Summary of equity investments - balance sheet
The tables below summarize financial information for the Company’s equity investments as of September 30, 2018 and December 31, 2017.
Summarized balance sheet information:
 
September 30, 2018
 
December 31, 2017
 
 
 
(In thousands)
Current assets
$
481,394

 
$
415,032

Noncurrent assets
$
1,336,604

 
$
1,542,090

Current liabilities
$
358,177

 
$
261,086

Noncurrent liabilities
$
48,328

 
$
148,839

Summary of equity investments - income statement
Summarized results of operations:    
 
Three months ended September 30,
 
Nine months ended September 30,
 
2018
 
2017
 
2018
 
2017
 
(In thousands)
Gross revenue
$
384,043

 
$
160,950

 
$
1,451,580

 
$
357,901

Net income (loss)
$
68,414

 
$
2,101

 
$
181,884

 
$
(109,651
)