Quarterly report pursuant to Section 13 or 15(d)

EQUITY INVESTMENTS (Tables)

v3.20.1
EQUITY INVESTMENTS (Tables)
 3 Months Ended
Mar. 31, 2020
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, 2020 and December 31, 2019:
 
 
 
Carrying value
 
(Loss) income from equity method investments
 
Approximate ownership %
 
March 31, 2020
 
December 31, 2019
 
Three months ended March 31,
 
 
 
 
2020
 
2019
 
 
 
(In thousands)
Investment in Grizzly Oil Sands ULC
24.9
%
 
$
6,186

 
$
21,000

 
$
(143
)
 
$
(393
)
Investment in Mammoth Energy Services, Inc.
21.5
%
 
—

 
11,005

 
(10,646
)
 
4,526

Investment in Windsor Midstream LLC
22.5
%
 
39

 
39

 
—

 
—

Investment in Tatex Thailand II, LLC
23.5
%
 
—

 
—

 
—

 
140

 
 
 
$
6,225


$
32,044


$
(10,789
)
 
$
4,273


Schedule of equity investments - balance sheet
The tables below summarize financial information for the Company’s equity investments as of March 31, 2020 and December 31, 2019.
Summarized balance sheet information:
 
March 31, 2020
 
December 31, 2019
 
 
 
(In thousands)
Current assets
$
440,801

 
$
421,326

Noncurrent assets
$
1,104,297

 
$
1,260,075

Current liabilities
$
131,175

 
$
132,569

Noncurrent liabilities
$
171,132

 
$
163,241


Schedule of equity investments - income statement
Summarized results of operations:    
 
Three months ended March 31,
 
2020
 
2019
 
(In thousands)
Gross revenue
$
97,383

 
$
264,844

Net (loss) income
$
(85,031
)
 
$
24,756