| Investments Accounted For By The Equity Method |
Investments accounted for by the equity method consist of the following as of June 30, 2015 and December 31, 2014:
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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, 2015 |
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December 31, 2014 |
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Three months ended June 30, |
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Six months ended June 30, |
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2015 |
2014 |
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2015 |
2014 |
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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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$ |
— |
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$ |
— |
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$ |
— |
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Investment in Tatex Thailand III, LLC |
17.9 |
% |
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— |
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— |
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189 |
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121 |
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189 |
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170 |
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Investment in Grizzly Oil Sands ULC |
24.9999 |
% |
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164,113 |
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180,218 |
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8,494 |
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2,228 |
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12,636 |
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4,229 |
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Investment in Bison Drilling and Field Services LLC |
— |
% |
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— |
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— |
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— |
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(329 |
) |
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— |
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1,604 |
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Investment in Muskie Proppant LLC |
— |
% |
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— |
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— |
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— |
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(101 |
) |
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— |
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433 |
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Investment in Timber Wolf Terminals LLC |
50.0 |
% |
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1,000 |
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1,013 |
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7 |
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— |
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13 |
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— |
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Investment in Windsor Midstream LLC |
22.5 |
% |
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27,766 |
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13,505 |
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881 |
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(35 |
) |
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(17,906 |
) |
(203 |
) |
Investment in Stingray Pressure Pumping LLC |
— |
% |
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— |
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— |
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— |
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1,630 |
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— |
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2,143 |
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Investment in Stingray Cementing LLC |
50.0 |
% |
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2,002 |
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2,647 |
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105 |
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106 |
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172 |
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201 |
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Investment in Blackhawk Midstream LLC |
48.5 |
% |
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— |
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— |
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— |
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— |
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(7,217 |
) |
(84,787 |
) |
Investment in Stingray Logistics LLC |
— |
% |
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— |
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— |
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— |
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(238 |
) |
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— |
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(157 |
) |
Investment in Diamondback Energy, Inc. |
— |
% |
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— |
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— |
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— |
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(72,945 |
) |
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— |
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(121,712 |
) |
Investment in Stingray Energy Services LLC |
50.0 |
% |
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5,905 |
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5,718 |
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311 |
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(6 |
) |
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321 |
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35 |
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Investment in Sturgeon Acquisitions LLC |
25.0 |
% |
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22,599 |
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22,507 |
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(491 |
) |
— |
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(1,059 |
) |
— |
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Investment in Mammoth Energy Partners LP |
30.5 |
% |
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139,006 |
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143,973 |
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5,624 |
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— |
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7,996 |
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— |
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$ |
362,391 |
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$ |
369,581 |
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$ |
15,120 |
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$ |
(69,569 |
) |
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$ |
(4,855 |
) |
$ |
(198,044 |
) |
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| Equity Method Investment Balance Sheet Summary |
Summarized balance sheet information:
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June 30, 2015 |
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December 31, 2014 |
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(In thousands) |
Current assets |
$ |
170,637 |
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$ |
181,060 |
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Noncurrent assets |
$ |
1,414,991 |
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$ |
1,306,891 |
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Current liabilities |
$ |
96,004 |
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$ |
114,506 |
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Noncurrent liabilities |
$ |
208,319 |
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$ |
230,062 |
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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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2015 |
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2014 |
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2015 |
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2014 |
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(In thousands) |
Gross revenue |
$ |
130,134 |
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$ |
220,013 |
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$ |
263,690 |
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$ |
378,294 |
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Net (loss) income |
$ |
(45,246 |
) |
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$ |
26,099 |
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$ |
45,422 |
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$ |
207,604 |
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