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Investment in Unconsolidated Affiliates
 3 Months Ended
Mar. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Investment in Unconsolidated Affiliates
(11) Investment in Unconsolidated Affiliates

Our unconsolidated investments consisted of:

•
a contractual right to the economic benefits and burdens associated with Devon’s 38.75% ownership interest in Gulf Coast Fractionators (“GCF”) at March 31, 2017 and December 31, 2016;

•
an approximate 30.0% ownership in Cedar Cove Midstream LLC (“Cedar Cove JV”) at March 31, 2017 and December 31, 2016. On November 9, 2016, we formed the Cedar Cove JV with Kinder Morgan, Inc., which consists of gathering and compression assets in Blaine County, Oklahoma, the heart of the Sooner Trend Anadarko Basin Canadian and Kingfisher Counties play;

•
an approximate 31.0% common unit ownership interest in Howard Energy Partners (“HEP”) at December 31, 2016. In December 2016, we entered into an agreement to sell our ownership interest in HEP. We finalized the sale in the first quarter of 2017 and received net proceeds of $189.7 million.


The following table shows the activity related to our investment in unconsolidated affiliates for the periods indicated (in millions):
 
 
Gulf Coast Fractionators
 
Howard Energy Partners
 
Cedar Cove JV
 
Total
Three Months Ended
 
 
 
 
 
 
 
 
March 31, 2017
 
 
 
 
 
 
 
 
Contributions
 
$
—

 
$
—

 
$
6.0

 
$
6.0

Distributions
 
$
2.7

 
$
—

 
$
0.2

 
$
2.9

Equity in income (loss) (1)
 
$
4.0

 
$
(3.4
)
 
$
0.1

 
$
0.7

 
 
 
 
 
 
 
 
 
March 31, 2016
 
 
 
 
 
 
 
 
Contributions
 
$
—

 
$
7.1

 
$
—

 
$
7.1

Distributions
 
$
3.0

 
$
6.2

 
$
—

 
$
9.2

Equity in loss
 
$
(1.7
)
 
$
(0.7
)
 
$
—

 
$
(2.4
)
(1)
Includes a loss of $3.4 million for the three months ended March 31, 2017 from the sale of HEP in March 2017.

The following table shows the balances related to our investment in unconsolidated affiliates as of March 31, 2017 and December 31, 2016 (in millions):
 
March 31, 2017
 
December 31, 2016
Gulf Coast Fractionators
$
49.8

 
$
48.5

Howard Energy Partners
—

 
193.1

Cedar Cove JV
34.7

 
28.8

Total investment in unconsolidated affiliates
$
84.5

 
$
270.4