Annual report pursuant to Section 13 and 15(d)

Equity Investments (Tables)

v3.20.4
Equity Investments (Tables)
 12 Months Ended
Dec. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of investments accounted for by the equity method
Investments accounted for by the equity method consist of the following as of December 31, 2020 and 2019:
Carrying Value Loss (income) from equity method investments
Approximate Ownership % December 31, For the Year Ended December 31,
2020 2019 2020 2019 2018
(In thousands)
Investment in Grizzly Oil Sands ULC 24.5  % $ 24,816  $ 21,000  $ 377  $ 32,710  $ 510 
Investment in Mammoth Energy Services, Inc. 21.5  % —  11,005  10,646  179,524  (49,969)
Investment in Tatex Thailand II, LLC 23.5  % —  —  —  (2,086) (241)
Other equity investments(1)
—  % —  39  32  —  (204)
$ 24,816  $ 32,044  $ 11,055  $ 210,148  $ (49,904)
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(1)    Consists of sold/dissolved investments, including Windsor Midstream, LLC, which was dissolved as of December 31, 2020. Additionally, this includes the Company's investment in Strike Force that was sold in 2018, from which the Company recognized a gain of $96.4 million net of transaction fees, which is included in gain on sale of equity method investments in the accompanying consolidated statement of operations for the year ended December 31, 2018.
Schedule of Equity Investments - Balance Sheet
Summarized balance sheet information:
December 31,
2020 2019
(In thousands)
Current assets $ 483,303  $ 421,326 
Noncurrent assets $ 1,092,495  $ 1,260,075 
Current liabilities $ 132,978  $ 132,569 
Noncurrent liabilities $ 148,240  $ 163,241 
Schedule of Equity Investments - Income Statement
Summarized results of operations:
  December 31,
  2020 2019 2018
(In thousands)
Gross revenue $ 313,076  $ 625,012  $ 1,729,778 
Net (loss) income $ (106,072) $ (76,523) $ 253,451