| Schedule of equity method investments |
Investments accounted for by the equity method consist of the following as of June 30, 2019 and December 31, 2018:
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Carrying value |
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Loss (income) from equity method investments
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Approximate ownership % |
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June 30, 2019 |
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December 31, 2018 |
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Three months ended June 30, |
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Six months ended June 30, |
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2019 |
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2018 |
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2019 |
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2018 |
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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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$ |
(1,945 |
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$ |
(63 |
) |
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$ |
(2,085 |
) |
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$ |
(104 |
) |
Investment in Grizzly Oil Sands ULC |
24.9999 |
% |
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51,607 |
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44,259 |
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(54 |
) |
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228 |
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339 |
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558 |
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Investment in Timber Wolf Terminals LLC(1)
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— |
% |
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— |
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— |
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— |
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534 |
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— |
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536 |
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Investment in Windsor Midstream LLC |
22.5 |
% |
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39 |
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39 |
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— |
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(9 |
) |
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— |
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(9 |
) |
Investment in Mammoth Energy Services, Inc. |
21.8 |
% |
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67,661 |
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191,823 |
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127,581 |
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(9,242 |
) |
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123,055 |
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(22,712 |
) |
Investment in Strike Force Midstream LLC(2)
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— |
% |
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— |
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— |
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— |
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(336 |
) |
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— |
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(693 |
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$ |
119,307 |
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$ |
236,121 |
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$ |
125,582 |
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$ |
(8,888 |
) |
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$ |
121,309 |
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$ |
(22,424 |
) |
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(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 the subsequent dissolution of Timber Wolf.
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(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 Strike Force Midstream LLC for information regarding this transaction.
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| Summary of equity investments - balance sheet |
The tables below summarize financial information for the Company’s equity investments as of June 30, 2019 and December 31, 2018.
Summarized balance sheet information:
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June 30, 2019 |
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December 31, 2018 |
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(In thousands) |
Current assets |
$ |
477,559 |
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$ |
471,733 |
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Noncurrent assets |
$ |
1,353,113 |
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$ |
1,302,488 |
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Current liabilities |
$ |
167,901 |
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$ |
239,975 |
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Noncurrent liabilities |
$ |
190,200 |
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$ |
94,575 |
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| Summary of equity investments - income statement |
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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2019 |
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2018 |
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2019 |
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2018 |
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(In thousands) |
Gross revenue |
$ |
179,114 |
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$ |
566,404 |
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$ |
443,958 |
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$ |
1,067,537 |
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Net (loss) income |
$ |
(4,072 |
) |
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$ |
49,018 |
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$ |
20,684 |
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$ |
113,470 |
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