EQUITY METHOD INTERESTS (Tables)

9 Months Ended

Sep. 30, 2021

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Equity Method Investments

As of September 30, 2021, the Company owned the following equity method interests in Permian Basin long-haul pipeline entities. 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. The table below presents the ownership percentage held by the Company for each entity:

		September 30, 2021		December 31, 2020
	Ownership	Amount		Amount
		(In thousands)
Gulf Coast Express Pipeline LLC	16.0%	$	276,093	$	283,530
EPIC Crude Holdings, LP	15.0%	164,497		176,640
Permian Highway Pipeline LLC	26.7%	632,720		615,186
Breviloba, LLC	33.0%	464,597		479,826
		$	1,537,907	$	1,555,182

The following table presents the activity in the Company’s equity method interests for the nine months ended September 30, 2021:

	Gulf Coast Express Pipeline LLC		EPIC Crude Holdings, LP		Permian Highway Pipeline LLC		Breviloba, LLC
									Total
	(In thousands)
Balance at December 31, 2020	$	283,530	$	176,640	$	615,186	$	479,826	$	1,555,182
Contributions	314		1,500		25,456		—		27,270
Distributions	(37,277)		—		(51,950)		(38,581)		(127,808)
Equity income (loss), net	29,526		(14,273)		44,028		23,352		82,633
Accumulated other comprehensive income	—		630		—		—		630
Balance at September 30, 2021	$	276,093	$	164,497	$	632,720	$	464,597	$	1,537,907

Schedule of Equity Method Investment, Summarized Financial Information

The following table represents aggregated selected income statement data for the Company’s equity method interests (on a 100 percent basis):

	Nine Months Ended September 30,
	2021								2020
	Gulf Coast Express Pipeline LLC		EPIC Crude Holdings, LP		Permian Highway Pipeline LLC		Breviloba, LLC		Gulf Coast Express Pipeline LLC		EPIC Crude Holdings, LP		Permian Highway Pipeline LLC		Breviloba, LLC
	(In thousands)
Revenues	$	270,526	$	117,107	$	297,132	$	127,030	$	273,760	$	128,837	$	—	$	128,727
Operating income (loss)	186,356		(24,232)		167,011		72,098		196,154		(10,108)		(69)		80,747
Net income (loss)	185,464		(83,940)		166,662		71,621		195,460		(53,048)		587		74,188
Other comprehensive income (loss)	—		4,197		—		—		—		(752)		—		—