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Investment in Laramie Energy, LLC (Tables)
9 Months Ended
Sep. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments
The change in our equity investment in Laramie Energy is as follows (in thousands):
 
Nine Months Ended September 30, 2019
Beginning balance
$
136,656

Equity losses from Laramie Energy
(8,344
)
Accretion of basis difference
5,018

Impairment
(81,515
)
Ending balance
$
51,815


Equity Method Investees Financial Information
Summarized financial information for Laramie Energy is as follows (in thousands):
 
September 30, 2019
 
December 31, 2018
Current assets
$
16,704

 
$
28,569

Non-current assets
763,583

 
788,515

Current liabilities
29,332

 
41,681

Non-current liabilities
286,623

 
293,084

 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Natural gas and oil revenues
$
38,967

 
$
58,557

 
$
150,161

 
$
151,988

Income (loss) from operations
(10,028
)
 
6,152

 
(4,490
)
 
11,642

Net loss
(12,586
)
 
(152
)
 
(18,139
)
 
(1,708
)