| Investments Accounted For By The Equity Method |
Investments accounted for by the equity method consist of the following as of September 30, 2014 and December 31, 2013:
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Carrying Value |
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(Income) loss from equity method investments
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Approximate Ownership % |
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September 30, 2014 |
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December 31, 2013 |
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Three months ended September 30, |
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Nine months ended September 30, |
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2014 |
2013 |
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2014 |
2013 |
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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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$ |
(475 |
) |
$ |
(170 |
) |
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$ |
(475 |
) |
$ |
(375 |
) |
Investment in Tatex Thailand III, LLC |
17.9 |
% |
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12,190 |
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10,774 |
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47 |
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64 |
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217 |
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157 |
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Investment in Grizzly Oil Sands ULC |
24.9999 |
% |
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189,182 |
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191,473 |
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4,633 |
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862 |
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8,862 |
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2,125 |
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Investment in Bison Drilling and Field Services LLC |
40.0 |
% |
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28,950 |
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12,318 |
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(1,273 |
) |
1,258 |
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331 |
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1,281 |
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Investment in Muskie Proppant LLC |
25.0 |
% |
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8,056 |
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7,544 |
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55 |
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53 |
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488 |
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869 |
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Investment in Timber Wolf Terminals LLC |
50.0 |
% |
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995 |
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1,001 |
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7 |
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— |
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7 |
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8 |
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Investment in Windsor Midstream LLC |
22.5 |
% |
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13,531 |
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10,632 |
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(301 |
) |
(14 |
) |
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(504 |
) |
(872 |
) |
Investment in Stingray Pressure Pumping LLC |
50.0 |
% |
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20,040 |
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19,624 |
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(351 |
) |
(293 |
) |
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1,792 |
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(677 |
) |
Investment in Stingray Cementing LLC |
50.0 |
% |
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2,970 |
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3,291 |
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(12 |
) |
(31 |
) |
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189 |
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38 |
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Investment in Blackhawk Midstream LLC |
50.0 |
% |
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— |
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— |
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— |
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174 |
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(84,787 |
) |
296 |
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Investment in Stingray Logistics LLC |
50.0 |
% |
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1,316 |
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903 |
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(256 |
) |
(78 |
) |
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(413 |
) |
(24 |
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Investment in Diamondback Energy, Inc. |
1.7 |
% |
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70,443 |
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178,708 |
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32,412 |
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(52,945 |
) |
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(89,300 |
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(165,402 |
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Investment in Stingray Energy Services LLC |
50.0 |
% |
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4,854 |
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3,800 |
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(9 |
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(202 |
) |
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26 |
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(64 |
) |
Investment in Sturgeon Acquisitions LLC |
25.0 |
% |
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20,688 |
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— |
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— |
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— |
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— |
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— |
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$ |
373,215 |
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$ |
440,068 |
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$ |
34,477 |
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$ |
(51,322 |
) |
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$ |
(163,567 |
) |
$ |
(162,640 |
) |
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| Equity Method Investment Balance Sheet Summary |
Summarized balance sheet information:
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September 30, 2014 |
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December 31, 2013 |
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(In thousands) |
Current assets |
$ |
275,332 |
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$ |
146,075 |
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Noncurrent assets |
$ |
3,817,264 |
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$ |
2,567,225 |
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Current liabilities |
$ |
326,477 |
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$ |
233,726 |
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Noncurrent liabilities |
$ |
870,243 |
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$ |
664,848 |
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| Equity Method Investment Income Statement Summary |
Summarized results of operations:
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Three months ended September 30, |
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Nine months ended September 30, |
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2014 |
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2013 |
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2014 |
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2013 |
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(In thousands) |
Gross revenue |
$ |
247,525 |
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$ |
105,684 |
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$ |
625,819 |
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$ |
244,118 |
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Net income (loss) |
$ |
35,212 |
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$ |
19,869 |
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$ |
242,816 |
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$ |
35,211 |
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