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EQUITY METHOD INVESTMENTS (Tables)
3 Months Ended
Mar. 31, 2019
Equity Method Investments And Joint Ventures [Abstract]  
Equity Method Investments

A reconciliation of our 39.5% ownership interest in Ohio Gathering to our investment per Ohio Gathering's books and records follows (in thousands).

 

Investment in equity method investees, March 31, 2019

 

$

640,226

 

March cash distributions

 

 

2,883

 

Basis difference

 

 

(113,493

)

Investment in equity method investees, net of basis difference,

    February 28, 2019

 

$

529,616

 

 

Summarized statements of operations information for OGC and OCC follow (amounts represent 100% of investee financial information).

 

 

 

Three months ended

February 28, 2019

 

 

Three months ended

February 28, 2018

 

 

 

OGC

 

 

OCC

 

 

OGC

 

 

OCC

 

 

 

(In thousands)

 

Total revenues

 

$

33,466

 

 

$

2,266

 

 

$

34,960

 

 

$

2,489

 

Total operating expenses

 

 

25,487

 

 

 

2,973

 

 

 

26,775

 

 

 

2,141

 

Net income (loss)

 

 

7,972

 

 

 

(707

)

 

 

8,180

 

 

 

180