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Equity Method Investments
 6 Months Ended
Jun. 30, 2018
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments
Equity Method Investments
The Company holds a 25% equity interest in Constitution Pipeline Company, LLC (Constitution) and a 20% equity interest in Meade Pipeline Co LLC (Meade). Activity related to these equity method investments is as follows:
 
 
Constitution
 
Meade
 
Total
 
 
Six Months Ended June 30,
(In thousands)
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
Balance at beginning of period
 
$
732

 
$
96,850

 
$
85,345

 
$
32,674

 
$
86,077

 
$
129,524

Contributions
 
250

 
3,125

 
62,655

 
10,501

 
62,905

 
13,626

Loss on equity method investments
 
(982
)
 
(2,555
)
 
(16
)
 
(14
)
 
(998
)
 
(2,569
)
Balance at end of period
 
$
—

 
$
97,420

 
$
147,984

 
$
43,161

 
$
147,984

 
$
140,581


During 2018, the Company expects to contribute approximately $70.0 million to its equity method investments. For further information regarding the Company’s equity method investments, refer to Note 4 of the Notes to the Consolidated Financial Statements in the Form 10-K/A.
Constitution
As of June 30, 2018, the Company’s carrying value of its investment in Constitution is less than its proportionate share of Constitution’s net assets by $95.9 million. This basis difference is due to the Company’s impairment recorded in the fourth quarter of 2017 and relates entirely to the pipeline assets of Constitution. The Company expects to amortize this basis difference once the related assets of Constitution are placed in service, which may or may not occur, depending on the outcome of the legal and regulatory process related to certain permitting matters.
The Company remains committed to funding the project in an amount proportionate to its ownership interest for the development and construction of the new pipeline.