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Equity in Nonconsolidated Investments (Tables)
12 Months Ended
Dec. 31, 2013
Equity in Nonconsolidated Investments  
Equity in the nonconsolidated investments

 

 

 

 

 

 

Interest

 

Ownership
as of
December

 

As of December 31,

 

Investees

 

Location

 

Type

 

31, 2013

 

2013

 

2012

 

 

 

 

 

 

 

 

 

(Thousands)

 

Nora Gathering, LLC (Nora LLC)

 

USA

 

Joint

 

50%

 

128,983

 

130,368

 

Schedule of summarized balance sheet for nonconsolidated investments accounted for under the equity method of accounting

 

 

Summarized Balance Sheets

 

 

 

As of December 31,

 

 

 

2013

 

2012

 

 

 

(Thousands)

 

Current assets

 

$

27,014

 

$

15,966

 

Noncurrent assets

 

239,583

 

249,347

 

Total assets

 

$

266,597

 

$

265,313

 

 

 

 

 

 

 

Current liabilities

 

$

8,529

 

$

4,476

 

Stockholders’ equity

 

258,068

 

260,837

 

Total liabilities and stockholders’ equity

 

$

266,597

 

$

265,313

 

Schedule of summarized Statements of Income for nonconsolidated investments accounted for under the equity method of accounting

Summarized Statements of Income

 

 

 

Years Ended December 31,

 

 

 

2013

 

2012

 

2011

 

 

 

(Thousands)

 

Revenues

 

$

45,040

 

$

47,888

 

$

49,772

 

Operating expenses

 

29,810

 

35,596

 

35,520

 

Net income

 

$

15,230

 

$

12,292

 

$

14,252