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Investments
 6 Months Ended
Jun. 30, 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 six 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. Interim crude service on the EPIC Y-Grade mainline ended in March 2020. EPIC Y-Grade began the transition to NGL service in May 2020 and completed construction of its first new build fractionator in June 2020. During the first six 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 the pipeline was commissioned in February 2020 and entered full service on April 1, 2020. During the first six 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. EPIC Propane completed construction of its first new build fractionator in June 2020. During the first six months of 2020, we made capital contributions of approximately $4.0 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)
June 30, 2020
 
December 31, 2019
White Cliffs
$
10,363

 
$
10,268

Advantage
72,651

 
76,834

Delaware Crossing
84,671

 
68,707

EPIC Y-Grade
163,244

 
162,850

EPIC Crude
362,912

 
339,116

EPIC Propane
7,028

 
3,003

Saddlehorn
159,948

 
—

Total Investments
$
860,817

 
$
660,778


The following table presents our investment loss (income) for the periods indicated:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(in thousands)
2020
 
2019
 
2020
 
2019
White Cliffs
$
(549
)
 
$
(841
)
 
$
(1,264
)
 
$
(1,889
)
Advantage
(1,311
)
 
(1,513
)
 
(3,387
)
 
(3,754
)
Delaware Crossing
752

 
355

 
1,472

 
1,538

EPIC Y-Grade
7,977

 
1,024

 
13,595

 
1,054

EPIC Crude
1,972

 
3,245

 
8,873

 
3,245

EPIC Propane
36

 
—

 
61

 
—

Saddlehorn
(5,712
)
 
—

 
(10,338
)
 
—

Other (1)
(435
)
 
(522
)
 
(873
)
 
(787
)
Total Investment Loss (Income)
$
2,730

 
$
1,748

 
$
8,139

 
$
(593
)
(1) 
Represents income associated with our fee for serving as the operator of Advantage and Delaware Crossing.