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Investments
 9 Months Ended
Sep. 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 In first quarter 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 nine months of 2020, we made capital contributions of approximately $14.9 million.
EPIC Y-Grade In first quarter 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 natural gas liquid (“NGL”) service in May 2020 and commenced full commercial service of its first new build fractionator in July 2020. During the first nine months of 2020, we made capital contributions of approximately $29.7 million. Additionally, our loan to EPIC Y-Grade plus accrued interest was converted to equity and treated as a capital contribution to EPIC Y-Grade. See Note 2. Basis of Presentation.
EPIC Crude In first quarter 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 nine months of 2020, we made capital contributions of approximately $54.0 million.
EPIC Propane In December 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 nine months of 2020, we made capital contributions of approximately $8.4 million.
Saddlehorn Pipeline In first quarter 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)September 30, 2020December 31, 2019
White Cliffs$10,319 $10,268 
Advantage71,201 76,834 
Delaware Crossing81,992 68,707 
EPIC Y-Grade183,655 162,850 
EPIC Crude381,073 339,116 
EPIC Propane11,396 3,003 
Saddlehorn159,832 — 
Total Investments$899,468 $660,778 
The following table presents our investment loss (income) for the periods indicated:
 Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2020201920202019
White Cliffs$(451)$(716)$(1,715)$(2,605)
Advantage(1,278)(1,867)(4,665)(5,621)
Delaware Crossing1,235 512 2,707 2,050 
EPIC Y-Grade20,138 2,000 33,733 3,054 
EPIC Crude5,840 6,130 14,713 9,375 
EPIC Propane63 — 124 — 
Saddlehorn(7,045)— (17,383)— 
Other (1)
(434)(438)(1,307)(1,225)
Total Investment Loss, Net$18,068 $5,621 $26,207 $5,028 
(1)Represents income associated with our fee for serving as the operator of Advantage and Delaware Crossing.