|
Equity Investments (Tables)
|
3 Months Ended |
12 Months Ended |
|
Mar. 31, 2013
|
Dec. 31, 2012
|
| Schedule of Equity Method Investments [Line Items] |
|
|
| Investments Accounted For By The Equity Method |
Investments accounted for by the equity method consist of the following as of March 31, 2013 and December 31, 2012:
|
|
|
|
|
|
|
|
|
|
March 31, 2013 |
|
December 31, 2012 |
|
(In thousands) |
Investment in Tatex Thailand II, LLC |
$ |
15 |
|
|
$ |
203 |
|
Investment in Tatex Thailand III, LLC |
8,639 |
|
|
8,657 |
|
Investment in Grizzly Oil Sands ULC |
176,196 |
|
|
172,766 |
|
Investment in Bison Drilling and Field Services LLC |
13,988 |
|
|
13,518 |
|
Investment in Muskie Holdings LLC |
7,702 |
|
|
7,320 |
|
Investment in Timber Wolf Terminals LLC |
870 |
|
|
878 |
|
Investment in Windsor Midstream LLC |
9,887 |
|
|
9,503 |
|
Investment in Stingray Pressure Pumping LLC |
15,718 |
|
|
13,265 |
|
Investment in Stingray Cementing LLC |
3,088 |
|
|
3,110 |
|
Investment in Blackhawk Midstream LLC |
— |
|
|
— |
|
Investment in Stingray Logistics LLC |
928 |
|
|
947 |
|
Investment in Diamondback Energy LLC |
212,413 |
|
|
151,317 |
|
Investment in Stingray Energy Services LLC |
2,148 |
|
|
— |
|
|
$ |
451,592 |
|
|
$ |
381,484 |
|
|
Investments accounted for by the equity method consist of the following as of December 31, 2012 and 2011:
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|
|
|
|
|
|
|
|
|
December 31, |
|
2012 |
|
2011 |
Investment in Tatex Thailand II, LLC |
$ |
203,000 |
|
|
$ |
1,030,000 |
|
Investment in Tatex Thailand III, LLC |
8,657,000 |
|
|
8,282,000 |
|
Investment in Grizzly Oil Sands ULC |
172,766,000 |
|
|
69,008,000 |
|
Investment in Bison Drilling and Field Services LLC |
13,518,000 |
|
|
6,366,000 |
|
Investment in Muskie Holdings LLC |
7,320,000 |
|
|
2,138,000 |
|
Investment in Timber Wolf Terminals LLC |
878,000 |
|
|
— |
|
Investment in Windsor Midstream LLC |
9,503,000 |
|
|
— |
|
Investment in Stingray Pressure Pumping LLC |
13,265,000 |
|
|
— |
|
Investment in Stingray Cementing LLC |
3,110,000 |
|
|
— |
|
Investment in Blackhawk Midstream LLC |
— |
|
|
— |
|
Investment in Stingray Logistics LLC |
947,000 |
|
|
— |
|
Investment in Diamondback Energy LLC |
151,317,000 |
|
|
— |
|
|
$ |
381,484,000 |
|
|
$ |
86,824,000 |
|
|
| Equity Method Investment, Balance Sheet Summary |
The table below summarizes balance sheet information for Diamondback as of March 31, 2013 and December 31, 2012:
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|
|
|
|
|
|
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March 31, 2013 |
|
December 31, 2012 |
|
(In thousands) |
Current assets |
$ |
34,516 |
|
|
$ |
50,275 |
|
Noncurrent assets |
$ |
613,947 |
|
|
$ |
556,426 |
|
Current liabilities |
$ |
76,336 |
|
|
$ |
79,232 |
|
Noncurrent liabilities |
$ |
104,093 |
|
|
$ |
65,401 |
|
|
|
| Equity Method Investment, Income Statement Summary |
The table below summarizes the results of operations for Diamondback three months ended March 31, 2013 and 2012, respectively:
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|
|
|
|
|
|
|
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|
Three Months Ended March 31, |
|
2013 |
|
2012 |
|
(In thousands) |
Gross revenue |
$ |
28,909 |
|
|
$ |
16,351 |
|
Income from operations |
$ |
8,662 |
|
|
$ |
6,737 |
|
Net income |
$ |
5,396 |
|
|
$ |
1,477 |
|
|
|
|
Grizzly Oil Sands ULC [Member]
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
| Investments Accounted For By The Equity Method |
|
The tables below summarize financial information for Grizzly as of December 31, 2012, 2011 and 2010:
Summarized balance sheet information:
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|
|
|
|
|
|
|
|
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December 31, |
|
2012 |
|
2011 |
|
Current assets |
$ |
30,098,000 |
|
|
$ |
21,247,000 |
|
|
Noncurrent assets |
$ |
720,550,000 |
|
|
$ |
284,361,000 |
|
|
Current liabilities |
$ |
42,547,000 |
|
|
$ |
25,984,000 |
|
|
Noncurrent liabilities |
$ |
14,515,000 |
|
|
$ |
1,780,000 |
|
|
Summarized results of operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, |
|
2012 |
|
2011 |
|
2010 |
Gross revenue |
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
Net loss |
$ |
6,050,000 |
|
|
$ |
6,605,000 |
|
|
$ |
3,234,000 |
|
|
|
Diamondback Energy LLC [Member]
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
| Investments Accounted For By The Equity Method |
|
The tables below summarize financial information for Diamondback as of December 31, 2012, 2011 and 2010:
Summarized balance sheet information:
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|
|
|
|
|
|
|
|
|
December 31, |
|
2012 |
|
2011 |
Current assets |
$ |
50,275,000 |
|
|
$ |
30,812,000 |
|
Noncurrent assets |
$ |
556,426,000 |
|
|
$ |
232,766,000 |
|
Current liabilities |
$ |
79,232,000 |
|
|
$ |
42,298,000 |
|
Noncurrent liabilities |
$ |
65,401,000 |
|
|
$ |
92,243,000 |
|
Summarized results of operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, |
|
2012 |
|
2011 |
|
2010 |
Gross revenue |
$ |
74,962,000 |
|
|
$ |
49,366,000 |
|
|
$ |
27,253,000 |
|
Income from operations |
$ |
17,307,000 |
|
|
$ |
15,147,000 |
|
|
$ |
9,181,000 |
|
Net income (loss) |
$ |
(36,521,000 |
) |
|
$ |
(386,000 |
) |
|
$ |
8,231,000 |
|
|