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Investments
 3 Months Ended
Mar. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]  
Investments
Note 6. Investments
We have ownership interests in the following entities:
•
3.33% interest in White Cliffs;
•
50% interest in Advantage;
•
50% interest in Delaware Crossing;
•
15% interest in EPIC Y-Grade;
•
30% interest in EPIC Crude;
•
15% interest in EPIC Propane; and
•
20% interest in Saddlehorn.
Delaware Crossing On February 7, 2019, we executed definitive agreements with Salt Creek Midstream LLC and completed the formation of Delaware Crossing, a crude oil pipeline system in the Delaware Basin which began delivering crude oil into all connection points in April 2020. During the first three months of 2020, we made capital contributions of approximately $16.9 million.
EPIC Y-Grade On January 31, 2019, we exercised and closed an option with EPIC Midstream Holdings, LP (“EPIC”) to acquire an interest in EPIC Y-Grade, which owns the EPIC Y-Grade pipeline from the Delaware Basin to Corpus Christi, Texas. Upon commissioning of the EPIC Crude pipeline in February 2020, EPIC began the clean out process and transition of the EPIC Y-Grade pipeline back to NGL service. During the first three months of 2020, we made capital contributions of approximately $12.8 million.
EPIC Crude On January 31, 2019, we exercised an option with EPIC to acquire an interest in EPIC Crude, and on March 8, 2019, we closed the option to acquire the interest. EPIC Crude has been engaged in the construction of the EPIC crude oil pipeline from the Delaware Basin to Corpus Christi, Texas. Construction of the EPIC Crude pipeline was completed and commissioned in February 2020 and entered full service on April 1, 2020. During the first three months of 2020, we made capital contributions of approximately $30.0 million.
EPIC Propane On December 19, 2019, we exercised and closed an option with EPIC to acquire an interest in EPIC Propane, which is constructing a propane pipeline that will run from the EPIC Y-Grade Logistics, LP fractionator complex in Robstown, Texas to the Phillips 66 petrochemical facility in Sweeney, Texas, with additional connectivity to the Markham underground storage caverns. During the first three months of 2020, we made capital contributions of approximately $1.5 million.
Saddlehorn Pipeline On February 1, 2020, Black Diamond exercised and closed an option to acquire a 20% ownership interest in Saddlehorn for $160 million, or $87.0 million net to the Partnership. Greenfield Member contributed $73.0 million for its portion of the purchase price. Black Diamond purchased a 10% interest from each of Magellan Midstream Partners, L.P. (“Magellan”) and Plains All American Pipeline, L.P. (“Plains”). After the transaction, Magellan and Plains each own a 30% membership interest and Black Diamond and Western Midstream each own a 20% membership interest in Saddlehorn. Magellan continues to serve as operator of the Saddlehorn pipeline.
The following table presents our investments at the dates indicated:
(in thousands)
March 31, 2020
 
December 31, 2019
White Cliffs
$
10,115

 
$
10,268

Advantage
75,139

 
76,834

Delaware Crossing
85,423

 
68,707

EPIC Y-Grade
171,221

 
162,850

EPIC Crude
364,885

 
339,116

EPIC Propane
4,503

 
3,003

Saddlehorn
159,744

 
—

Total Investments
$
871,030

 
$
660,778


The following table presents our investment loss (income) for the periods indicated:
 
Three Months Ended March 31,
(in thousands)
2020
 
2019
White Cliffs
$
(715
)
 
$
(1,048
)
Advantage
(2,076
)
 
(2,241
)
Delaware Crossing
720

 
1,183

EPIC Y-Grade
5,618

 
30

EPIC Crude
6,901

 
—

EPIC Propane
25

 
—

Saddlehorn
(4,626
)
 
—

Other (1)
(438
)
 
(265
)
Total Investment Loss (Income)
$
5,409

 
$
(2,341
)
(1) 
Represents income associated with our fee for serving as the operator of Advantage and Delaware Crossing.