Equity Method Investments (Tables)

12 Months Ended

Dec. 31, 2014

Equity Method Investments [Table Text Block]

Our equity method investments consist of the following (in thousands):

	December 31, 2014		December 31, 2013
White Cliffs	$	269,635	$	224,095
NGL Energy	162,246		208,848
Glass Mountain	146,039		132,181
Total equity method investments	$	577,920	$	565,124

Cash distributions received from equity method investments [Table Text Block]

Cash distributions received from equity method investments consist of the following (in thousands):

	Year Ended December 31, 2014		Year Ended December 31, 2013		Year Ended December 31, 2012
White Cliffs	$	66,768	$	57,576	$	44,514
NGL Energy	23,404		18,321		9,217
Glass Mountain	6,823		—		—
Total cash distributions received from equity method investments	$	96,995	$	75,897	$	53,731

Earnings from Equity Method Investments [Table Text Block]

Our earnings from equity method investments consist of the following (in thousands):

	Year Ended December 31, 2014		Year Ended December 31, 2013			Year Ended December 31, 2012
White Cliffs	$	57,378	$	45,459		$	36,439
NGL Energy*	2,343		7,123			(403		)
Glass Mountain	4,478		(105		)	—
Total earnings from equity method investments	$	64,199	$	52,477		$	36,036

* Excluding gains on issuance of common units of $29.0 million and $26.9 million for the years ended December 31, 2014 and 2013, respectively.

White Cliffs Pipeline, LLC [Member]

Schedule of Balance Sheet Information on Equity Method Investments

Certain summarized balance sheet information of White Cliffs is shown below (in thousands):

	December 31, 2014		December 31, 2013
Current assets	$	35,623	$	98,457
Property, plant and equipment, net	471,179		312,831
Goodwill	17,000		17,000
Other intangible assets, net	16,043		20,802
Total assets	$	539,845	$	449,090
Current liabilities	$	11,108	$	9,648
Members’ equity	528,737		439,442
Total liabilities and members’ equity	$	539,845	$	449,090

Schedule of Income Statement Information on Equity Method Investments

Certain summarized income statement information of White Cliffs for the years ended December 31, 2014, 2013 and 2012 is shown below (in thousands):

	Year Ended December 31, 2014		Year Ended December 31, 2013		Year Ended December 31, 2012
Revenue	$	160,369	$	133,310	$	108,125
Operating, general and administrative expenses	$	23,067	$	23,825	$	14,821
Depreciation and amortization expense	$	23,257	$	18,668	$	19,963
Net income	$	114,045	$	90,817	$	73,341

Ngl Energy Partners Lp [Member]

Schedule of Balance Sheet Information on Equity Method Investments

Certain unaudited summarized balance sheet information of NGL Energy is shown below (in thousands):

	(unaudited)		(unaudited)
	September 30, 2014		September 30, 2013
Current assets	$	2,585,053	$	1,013,859
Property plant and equipment, net	1,433,313		631,663
Goodwill	1,170,490		840,287
Intangible and other assets, net	1,362,823		540,684
Total assets	$	6,551,679	$	3,026,493
Current liabilities	$	1,759,980	$	800,658
Long-term debt	2,437,351		906,066
Other noncurrent liabilities	39,518		2,673
Equity	2,314,830		1,317,096
Total liabilities and equity	$	6,551,679	$	3,026,493

Schedule of Income Statement Information on Equity Method Investments

Certain unaudited summarized income statement information of NGL Energy for the twelve months ended September 30, 2014 and 2013 is shown below (in thousands):

	(unaudited)  Twelve Months Ended September 30,  2014		(unaudited) Twelve Months Ended September 30, 2013		(unaudited) Twelve Months Ended September 30, 2012
Revenue	$	15,748,520	$	5,935,715	$	2,371,524
Costs of products sold	$	15,054,291	$	5,478,361	$	2,182,263
Operating, general and administrative expenses	$	440,609	$	276,905	$	125,889
Depreciation and amortization expense	$	162,443	$	94,050	$	34,621
Net income	$	11,409	$	44,378	$	5,405

Glass Mountain Pipeline LLC [Member]

Schedule of Balance Sheet Information on Equity Method Investments

Certain summarized balance sheet information of Glass Mountain is shown below (in thousands):

	December 31, 2014
Current assets	$	8,810
Property, plant and equipment, net	215,876
Total assets	$	224,686
Current liabilities	$	2,643
Other Liabilities	42
Members’ equity	222,001
Total liabilities and members’ equity	$	224,686

Schedule of Income Statement Information on Equity Method Investments

Certain unaudited summarized income statement information of Glass Mountain for the year ended December 31, 2014 is shown below (in thousands):

	Year Ended December 31, 2014
Revenue	$	30,398
Operating, general and administrative expenses	$	7,176
Depreciation and amortization expense	$	13,872
Net income	$	9,344