Our investments in non-controlled entities at March 31, 2016 were comprised of:



Entity		Ownership Interest
BridgeTex Pipeline Company, LLC (“BridgeTex”)		50%
Double Eagle Pipeline LLC (“Double Eagle”)		50%
HoustonLink Pipeline Company, LLC (“HoustonLink”)		50%
Powder Springs Logistics, LLC (“Powder Springs”)		50%
Saddlehorn Pipeline Company, LLC (“Saddlehorn”)		40%
Seabrook Logistics, LLC (“Seabrook”)		50%
Texas Frontera, LLC (“Texas Frontera”)		50%

In February 2016, we transferred our 50% membership interest in Osage Pipe Line Company, LLC (“Osage”) to an affiliate of HollyFrontier Corporation. In conjunction with this transaction, we entered into several commercial agreements with affiliates of HollyFrontier Corporation. We recorded these commercial agreements as $43.7 million of intangible assets and $8.3 million of other receivables in our consolidated balance sheets. The intangible assets will be amortized over the 20-year life of the contracts received. We recognized a $26.9 million non-cash gain in relation to this transaction.

The fixed management fees we have recognized from BridgeTex, Osage, Powder Springs, Saddlehorn and Texas Frontera are reported as affiliate management fee revenue on our consolidated statements of income. In addition, we receive reimbursement from certain of our joint ventures for costs incurred during construction. During the first quarter of 2016, we received construction cost reimbursements of $0.4 million and $0.1 million from Saddlehorn and Seabrook, respectively, which were recorded as reductions to costs and expenses on our consolidated statements of income.

For the three months ended March 31, 2015 and 2016, we recognized pipeline capacity lease revenue from BridgeTex of $8.4 million and $8.9 million, respectively, which we included in transportation and terminals revenue on our consolidated statements of income.

We recognized throughput revenue from Double Eagle for the three months ended March 31, 2015 and 2016 of $0.9 million and $0.7 million, respectively, which we included in transportation and terminals revenue. At December 31, 2015 and March 31, 2016, respectively, we recognized a $0.2 million and $0.3 million trade accounts receivable from Double Eagle.

The financial results from Texas Frontera are included in our marine storage segment, the financial results from BridgeTex, Double Eagle, HoustonLink, Osage, Saddlehorn and Seabrook are included in our crude oil segment and the financial results from Powder Springs are included in our refined products segment, each as earnings/losses of non-controlled entities.

A summary of our investments in non-controlled entities follows (in thousands):



	BridgeTex			All Others			Consolidated
Investments at December 31, 2015	$	495,267		$	270,361		$	765,628
Additional investment	6,336			55,402			61,738
Exchange of investment in non-controlled entity	—			(25,105		)	(25,105		)
Earnings of non-controlled entities:
Proportionate share of earnings	15,624			2,631			18,255
Amortization of excess investment and capitalized interest	(510		)	(117		)	(627		)
Earnings of non-controlled entities	15,114			2,514			17,628
Less:
Distributions of earnings from investments in non-controlled entities	15,114			2,183			17,297
Distributions in excess of earnings of non-controlled entities	1,291			921			2,212
Investments at March 31, 2016	$	500,312		$	300,068		$	800,380

Summarized financial information of our non-controlled entities for the three months ended March 31, 2015 and 2016 follows (in thousands):



	Three Months Ended March 31, 2015						Three Months Ended March 31, 2016
	BridgeTex		All Others		Consolidated		BridgeTex		All Others		Consolidated
Revenue	$	37,136	$	9,520	$	46,656	$	50,798	$	11,409	$	62,207
Net income	$	18,037	$	2,581	$	20,618	$	31,248	$	5,266	$	36,514