| Investments Accounted For By The Equity Method |
Investments accounted for by the equity method consist of the following as of June 30, 2014 and December 31, 2013:
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Carrying Value |
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(Income) loss from equity method investments
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Approximate Ownership % |
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June 30, 2014 |
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December 31, 2013 |
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Three months ended June 30, |
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Six months ended June 30, |
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2014 |
2013 |
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2014 |
2013 |
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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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$ |
(205 |
) |
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$ |
— |
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$ |
(205 |
) |
Investment in Tatex Thailand III, LLC |
17.9 |
% |
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12,238 |
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10,774 |
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121 |
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75 |
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170 |
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93 |
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Investment in Grizzly Oil Sands ULC |
24.9999 |
% |
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203,351 |
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191,473 |
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2,228 |
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731 |
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4,229 |
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1,263 |
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Investment in Bison Drilling and Field Services LLC |
40.0 |
% |
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25,777 |
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12,318 |
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(329 |
) |
171 |
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1,604 |
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23 |
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Investment in Muskie Proppant LLC |
25.0 |
% |
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8,111 |
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7,544 |
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(101 |
) |
375 |
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433 |
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816 |
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Investment in Timber Wolf Terminals LLC |
50.0 |
% |
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1,001 |
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1,001 |
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— |
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— |
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— |
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8 |
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Investment in Windsor Midstream LLC |
22.5 |
% |
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13,230 |
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10,632 |
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(35 |
) |
(474 |
) |
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(203 |
) |
(858 |
) |
Investment in Stingray Pressure Pumping LLC |
50.0 |
% |
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17,769 |
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19,624 |
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1,630 |
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319 |
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2,143 |
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(384 |
) |
Investment in Stingray Cementing LLC |
50.0 |
% |
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2,842 |
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3,291 |
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106 |
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47 |
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201 |
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69 |
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Investment in Blackhawk Midstream LLC |
50.0 |
% |
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— |
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— |
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— |
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83 |
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(84,787 |
) |
122 |
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Investment in Stingray Logistics LLC |
50.0 |
% |
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1,060 |
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903 |
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(238 |
) |
28 |
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(157 |
) |
54 |
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Investment in Diamondback Energy, Inc. |
4.7 |
% |
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211,300 |
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178,708 |
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(72,945 |
) |
(51,361 |
) |
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(121,712 |
) |
(112,457 |
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Investment in Stingray Energy Services LLC |
50.0 |
% |
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4,757 |
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3,800 |
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(6 |
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103 |
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35 |
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138 |
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$ |
501,436 |
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$ |
440,068 |
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$ |
(69,569 |
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$ |
(50,108 |
) |
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$ |
(198,044 |
) |
$ |
(111,318 |
) |
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| Equity Method Investment Balance Sheet Summary |
Summarized balance sheet information:
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June 30, 2014 |
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December 31, 2013 |
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(In thousands) |
Current assets |
$ |
222,766 |
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$ |
146,075 |
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Noncurrent assets |
$ |
3,136,770 |
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$ |
2,567,225 |
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Current liabilities |
$ |
310,689 |
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$ |
233,726 |
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Noncurrent liabilities |
$ |
741,267 |
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$ |
664,848 |
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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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2014 |
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2013 |
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2014 |
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2013 |
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(In thousands) |
Gross revenue |
$ |
220,013 |
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$ |
81,496 |
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$ |
378,294 |
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$ |
138,434 |
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Net income (loss) |
$ |
26,099 |
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$ |
(5,119 |
) |
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$ |
207,604 |
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$ |
15,508 |
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