Quarterly report pursuant to Section 13 or 15(d)

EQUITY INVESMENTS (Tables)

v3.19.1
EQUITY INVESMENTS (Tables)
3 Months Ended
Mar. 31, 2019
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 March 31, 2019 and December 31, 2018:
 
 
 
Carrying value
 
(Income) loss from equity method investments

 
Approximate ownership %
 
March 31, 2019
 
December 31, 2018
 
Three months ended March 31,
 
 
 
 
2019
 
2018
 
 
 
(In thousands)
Investment in Tatex Thailand II, LLC
23.5
%
 
$

 
$

 
$
(140
)
 
$
(41
)
Investment in Grizzly Oil Sands ULC
24.9999
%
 
48,004

 
44,259

 
393

 
330

Investment in Timber Wolf Terminals LLC(1)
%
 

 

 

 
2

Investment in Windsor Midstream LLC
22.5
%
 
39

 
39

 

 

Investment in Mammoth Energy Services, Inc.
21.9
%
 
196,076

 
191,823

 
(4,526
)
 
(13,470
)
Investment in Strike Force Midstream LLC(2)
%
 

 

 

 
(357
)
 
 
 
$
244,119


$
236,121


$
(4,273
)
 
$
(13,536
)

(1)
On June 5, 2018, the Company received its final distribution from Timber Wolf Terminals LLC ("Timber Wolf"). See below under Timber Wolf Terminals LLC for information regarding this distribution.
(2)
On May 1, 2018, the Company sold its 25% interest in Strike Force Midstream LLC ("Strike Force") 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 March 31, 2019 and December 31, 2018.
Summarized balance sheet information:
 
March 31, 2019
 
December 31, 2018
 
 
 
(In thousands)
Current assets
$
516,169

 
$
471,733

Noncurrent assets
$
1,363,785

 
$
1,302,488

Current liabilities
$
188,896

 
$
239,975

Noncurrent liabilities
$
215,093

 
$
94,575

Summary of equity investments - income statement
Summarized results of operations:    
 
Three months ended March 31,
 
2019
 
2018
 
(In thousands)
Gross revenue
$
264,844

 
$
511,133

Net income
$
24,756

 
$
64,452