XML 80 R31.htm IDEA: XBRL DOCUMENT v3.19.3
EQUITY METHOD INVESTMENTS (Tables)
9 Months Ended
Sep. 30, 2019
Equity Method Investments And Joint Ventures [Abstract]  
Equity Method Investments

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