In June 2019, we formed Double E in connection with the Project. Effective June 26, 2019, Summit Permian Transmission, a wholly owned and consolidated subsidiary of the Partnership, and our JV Partner executed the Agreement whereby Double E will provide natural gas transportation services from multiple receipt points in the Delaware Basin to various delivery points in and around the Waha Hub in Texas. In connection with the Agreement and the related Project, the Partnership contributed total assets of approximately $23.6 million in exchange for a 70% ownership interest in Double E and our JV Partner contributed $7.3 million of cash in exchange for a 30% ownership interest in Double E. Concurrent with these contributions, and in accordance with the Agreement, Double E

distributed $7.3 million to the Partnership. Subsequent to the formation of Double E, we also made additional cash investments of $11.3 million through September 2019.

Double E is deemed to be a variable interest entity as defined in GAAP. As of the date of the Agreement, Summit Permian Transmission is not deemed to be the primary beneficiary due to the JV Partner’s voting rights on significant matters. We account for our ownership interest in Double E as an equity method investment because we have significant influence over Double E. Our portion of Double E’s net assets, which was $28.3 million at September 30, 2019, is reported under the caption Investment in equity method investees on the unaudited condensed consolidated balance sheet.

For the three and nine months ended September 30, 2019, other than the investment activity noted above, Double E did not have any results of operations given that the Project is currently under development.

Ohio Gathering owns, operates and is currently developing midstream infrastructure consisting of a liquids-rich natural gas gathering system, a dry natural gas gathering system and a condensate stabilization facility in the Utica Shale in southeastern Ohio. Ohio Gathering provides gathering services pursuant to primarily long-term, fee-based gathering agreements, which include acreage dedications.

In September 2019, an impairment loss was recognized by Ohio Gathering. Although we recognize activity for Ohio Gathering on a one-month lag, we recorded the impairment loss in our results of operations for the third quarter of 2019 because the information was available to us. We recorded our proportionate share of the impairment loss, or $0.8 million, in September 2019 in Loss from equity method investees in the unaudited condensed consolidated statements of operations.

As a result of our joint venture partner funding a disproportionate amount of the capital calls during the nine months ended September 30, 2019, our ownership interest in Ohio Gathering decreased from 40.0% at December 31, 2018, to 38.8% at September 30, 2019.

A reconciliation of our 38.8% ownership interest in Ohio Gathering to our investment per Ohio Gathering's books and records follows (in thousands).

Investment in Ohio Gathering, September 30, 2019	$	620,496
September cash distributions		3,478
Impairment loss		757
Basis difference		(106,818	)
Investment in Ohio Gathering, net of basis difference, August 31, 2019	$	517,913

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

	Three months ended August 31, 2019					Three months ended August 31, 2018
	OGC		OCC			OGC		OCC
	(In thousands)
Total revenues	$	38,097	$	2,267		$	37,180	$	2,465
Total operating expenses		29,828		2,536			31,751		2,323
Net income (loss)		8,269		(268	)		5,429		(5	)

	Nine months ended August 31, 2019					Nine months ended August 31, 2018
	OGC		OCC			OGC		OCC
	(In thousands)
Total revenues	$	106,825	$	6,606		$	106,263	$	7,024
Total operating expenses		81,651		8,200			94,044		6,422
Net income (loss)		25,167		(1,594	)		12,213		116