Quarterly report pursuant to Section 13 or 15(d)

Equity Investments (Tables)

v2.4.0.8
Equity Investments (Tables)
9 Months Ended
Sep. 30, 2014
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 September 30, 2014 and December 31, 2013:
 
 
 
 
Carrying Value
 
(Income) loss from equity method investments

 
Approximate Ownership %
 
September 30, 2014
 
December 31, 2013
 
Three months ended September 30,
 
Nine months ended September 30,
 
 
 
 
2014
2013
 
2014
2013
 
 
 
(In thousands)
Investment in Tatex Thailand II, LLC
23.5
%
 
$

 
$

 
$
(475
)
$
(170
)
 
$
(475
)
$
(375
)
Investment in Tatex Thailand III, LLC
17.9
%
 
12,190

 
10,774

 
47

64

 
217

157

Investment in Grizzly Oil Sands ULC
24.9999
%
 
189,182

 
191,473

 
4,633

862

 
8,862

2,125

Investment in Bison Drilling and Field Services LLC
40.0
%
 
28,950

 
12,318

 
(1,273
)
1,258

 
331

1,281

Investment in Muskie Proppant LLC
25.0
%
 
8,056

 
7,544

 
55

53

 
488

869

Investment in Timber Wolf Terminals LLC
50.0
%
 
995

 
1,001

 
7


 
7

8

Investment in Windsor Midstream LLC
22.5
%
 
13,531

 
10,632

 
(301
)
(14
)
 
(504
)
(872
)
Investment in Stingray Pressure Pumping LLC
50.0
%
 
20,040

 
19,624

 
(351
)
(293
)
 
1,792

(677
)
Investment in Stingray Cementing LLC
50.0
%
 
2,970

 
3,291

 
(12
)
(31
)
 
189

38

Investment in Blackhawk Midstream LLC
50.0
%
 

 

 

174

 
(84,787
)
296

Investment in Stingray Logistics LLC
50.0
%
 
1,316

 
903

 
(256
)
(78
)
 
(413
)
(24
)
Investment in Diamondback Energy, Inc.
1.7
%
 
70,443

 
178,708

 
32,412

(52,945
)
 
(89,300
)
(165,402
)
Investment in Stingray Energy Services LLC
50.0
%
 
4,854

 
3,800

 
(9
)
(202
)
 
26

(64
)
Investment in Sturgeon Acquisitions LLC
25.0
%
 
20,688

 

 


 


 
 
 
$
373,215


$
440,068


$
34,477

$
(51,322
)

$
(163,567
)
$
(162,640
)
Equity Method Investment Balance Sheet Summary
Summarized balance sheet information:
 
September 30, 2014
 
December 31, 2013
 
 
 
(In thousands)
Current assets
$
275,332

 
$
146,075

Noncurrent assets
$
3,817,264

 
$
2,567,225

Current liabilities
$
326,477

 
$
233,726

Noncurrent liabilities
$
870,243

 
$
664,848

Equity Method Investment Income Statement Summary
Summarized results of operations:    
 
Three months ended September 30,
 
Nine months ended September 30,
 
2014
 
2013
 
2014
 
2013
 
(In thousands)
Gross revenue
$
247,525

 
$
105,684

 
$
625,819

 
$
244,118

Net income (loss)
$
35,212

 
$
19,869

 
$
242,816

 
$
35,211