EQUITY METHOD INTERESTS

3 Months Ended

Mar. 31, 2019

Equity Method Investments and Joint Ventures [Abstract]

As of March 31, 2019, the Company had exercised two of its five Pipeline Options and, as a result, owns the following equity method interests in Permian Basin pipelines. For each of the equity method interests, the Company has the ability to exercise significant influence based on certain governance provisions and its participation in the significant activities and decisions that impact the management and economic performance of the equity method interests.



	March 31, 2019				December 31, 2018
In thousands, unless stated	Ownership		Amount		Ownership		Amount
Gulf Coast Express Pipeline LLC	15.0	%	$	157,594	15.0	%	$	91,100
EPIC Crude Holdings, LP	15.0	%	51,809		—	%	—
			$	209,403			$	91,100

The equity method interest balance as of March 31, 2019 and December 31, 2018, respectively, were $1.3 million and $5.8 million less than Altus’ underlying equity in the separate net assets within the financial statements of the respective entities. Unamortized differences will be amortized into net income over the remaining useful lives of the associated pipelines, when they are placed into service.

The following table presents the activity in the Company’s equity method interests for the three months ended March 31, 2019:



	Gulf Coast Express		EPIC Crude
	Pipeline LLC		Holdings, LP		Total
	(In thousands)
Balance at December 31, 2018	$	91,100	$	—	$	91,100
Acquisitions	—		51,809		51,809
Contributions	66,224		—		66,224
Income from equity method interests	270		—		270
Balance at March 31, 2019	$	157,594	$	51,809	$	209,403