Quarterly report pursuant to Section 13 or 15(d)

Equity Investments (Tables)

v2.4.0.8
Equity Investments (Tables)
 6 Months Ended
Jun. 30, 2013
Equity Method Investments and Joint Ventures [Abstract]  
Investments Accounted For By The Equity Method
Investments accounted for by the equity method consist of the following as of June 30, 2013 and December 31, 2012:
 
 
June 30, 2013
 
December 31, 2012
 
(In thousands)
Investment in Tatex Thailand II, LLC
$
—

 
$
203

Investment in Tatex Thailand III, LLC
9,138

 
8,657

Investment in Grizzly Oil Sands ULC
176,876

 
172,766

Investment in Bison Drilling and Field Services LLC
13,816

 
13,518

Investment in Muskie Holdings LLC
8,453

 
7,320

Investment in Timber Wolf Terminals LLC
870

 
878

Investment in Windsor Midstream LLC
9,664

 
9,503

Investment in Stingray Pressure Pumping LLC
15,399

 
13,265

Investment in Stingray Cementing LLC
3,041

 
3,110

Investment in Blackhawk Midstream LLC
—

 
—

Investment in Stingray Logistics LLC
900

 
947

Investment in Diamondback Energy LLC
198,662

 
151,317

Investment in Stingray Energy Services LLC
2,045

 
—

 
$
438,864

 
$
381,484

Equity Method Investment Balance Sheet Summary
The table below summarizes balance sheet information for Diamondback as of June 30, 2013 and December 31, 2012:
 
June 30, 2013
 
December 31, 2012
 
(In thousands)
Current assets
$
116,536

 
$
50,275

Noncurrent assets
$
682,103

 
$
556,426

Current liabilities
$
97,487

 
$
79,232

Noncurrent liabilities
$
73,543

 
$
65,401

Equity Method Investment Income Statement Summary
The table below summarizes the results of operations for Diamondback for the three and six months ended June 30, 2013 and 2012, respectively:

 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2013
 
2012
 
2013
 
2012
 
(In thousands)
Gross revenue
$
45,394

 
$
16,029

 
$
74,303

 
$
32,381

Income from operations
$
19,383

 
$
4,306

 
$
28,045

 
$
11,044

Net income
$
14,471

 
$
13,623

 
$
19,867

 
$
15,101