Equity Method Investments and Joint Ventures Disclosure [Text Block] | INVESTMENTS IN JOINT VENTURES We own equity interests in three joint ventures with Targa Resources Corp. as our joint venture partner. T2 Eagle Ford Gathering Company LLC (“T2 Eagle Ford”), T2 LaSalle Gathering Company LLC (“T2 LaSalle”) and T2 Cogen operate pipelines and a cogeneration facility located in South Texas. We indirectly own a 50% interest in T2 Eagle Ford, a 50% interest in T2 Cogen and a 25% interest in T2 LaSalle. We pay our proportionate share of the joint ventures' operating costs, excluding depreciation and amortization, through lease capacity payments. As a result, our share of the joint ventures' losses is related primarily to the joint ventures' depreciation and amortization. Our maximum exposure to loss related to these joint ventures includes our equity investment, any additional capital contributions and our share of any operating expenses incurred by the joint ventures. We evaluate investments in joint ventures for impairment when factors indicate that a decrease in the value of the investment has occurred that is not temporary. During the fourth quarter of 2016, as part of firm wide cost-saving initiatives, management decided to significantly reduce the utilization of the T2 Cogen facility. In the immediate future, the T2 Cogen facility will be utilized only as a swing or backup facility for our Lone Star processing facility ("LS1"). As volumes are expected to increase in the ensuing years, management expects to need the generation capacity from the T2 Cogeneration facility to provide power to its LS1 facility. As the LS1 facility represents a more economical option to provide electricity to the Lone Star processing plant, management’s decision to reduce the utilization of the T2 Cogen substantially and as the electricity sales to FL Rich Gas Services represents the only source of revenue for T2 Cogen, the reduction in utilization significantly reduces the operating income associated with these assets. As a result in this change in the use of the T2 Cogen assets, T2 Cogen tested such assets for impairment, and recorded a $13.3 million impairment during the fourth quarter of 2016. We recorded our proportionate share (50%) of such impairment within equity in losses of joint venture investments. The joint ventures’ summarized financial data from their statements of operations for the years ended December 31, 2016 and 2015 is as follows (in thousands): Year Ended December 31, 2016 2015 Revenue T2 Eagle Ford $ 5,667 $ 6,850 T2 Cogen 2,556 2,437 T2 LaSalle 1,963 1,297 Net loss T2 Eagle Ford $ (19,312 ) $ (18,802 ) T2 Cogen (19,998 ) (5,837 ) T2 LaSalle (5,872 ) (5,860 ) Our equity in losses of joint venture investments is comprised of the following for the years ended December 31, 2016 and 2015 (in thousands): Year Ended December 31, 2016 2015 T2 Eagle Ford $ (9,656 ) $ (9,068 ) T2 Cogen (9,999 ) (2,919 ) T2 LaSalle (1,468 ) (1,465 ) Equity in losses of joint venture investments $ (21,123 ) $ (13,452 ) Our investments in joint ventures is comprised of the following as of December 31, 2016 and 2015 (in thousands): December 31, 2016 December 31, 2015 T2 Eagle Ford $ 101,669 $ 105,755 T2 Cogen 6,003 16,747 T2 LaSalle 16,424 18,024 Investments in joint ventures $ 124,096 $ 140,526 The joint ventures’ summarized balance sheet data is as follows (in thousands): December 31, 2016 December 31, 2015 T2 Cogen Current assets $ 603 $ 1,986 Property, plant and equipment, net 12,000 32,333 Total assets 12,603 34,319 Total liabilities 596 824 Total equity 12,006 33,495 Total liabilities and equity $ 12,603 $ 34,319 T2 Eagle Ford Current assets $ 2,517 $ 4,525 Property, plant and equipment, net 203,810 217,370 Total assets 206,327 221,895 Total liabilities 2,173 9,697 Total equity 204,154 212,198 Total liabilities and equity $ 206,327 $ 221,895 T2 LaSalle Current assets $ 1,046 $ 1,228 Property, plant and equipment, net 66,028 71,491 Total assets 67,074 72,719 Total liabilities 1,262 622 Total equity 65,812 72,097 Total liabilities and equity $ 67,074 $ 72,719 The joint ventures’ summarized financial data from their statements of operations for the years ended December 31, 2016 and 2015 is as follows (in thousands): Year Ended December 31, 2016 2015 Revenue T2 Eagle Ford $ 5,667 $ 6,850 T2 Cogen 2,556 2,437 T2 LaSalle 1,963 1,297 Net loss T2 Eagle Ford $ (19,312 ) $ (18,802 ) T2 Cogen (19,998 ) (5,837 ) T2 LaSalle (5,872 ) (5,860 ) Our equity in losses of joint venture investments is comprised of the following for the years ended December 31, 2016 and 2015 (in thousands): Year Ended December 31, 2016 2015 T2 Eagle Ford $ (9,656 ) $ (9,068 ) T2 Cogen (9,999 ) (2,919 ) T2 LaSalle (1,468 ) (1,465 ) Equity in losses of joint venture investments $ (21,123 ) $ (13,452 ) Our investments in joint ventures is comprised of the following as of December 31, 2016 and 2015 (in thousands): December 31, 2016 December 31, 2015 T2 Eagle Ford $ 101,669 $ 105,755 T2 Cogen 6,003 16,747 T2 LaSalle 16,424 18,024 Investments in joint ventures $ 124,096 $ 140,526 The joint ventures’ summarized balance sheet data is as follows (in thousands): December 31, 2016 December 31, 2015 T2 Cogen Current assets $ 603 $ 1,986 Property, plant and equipment, net 12,000 32,333 Total assets 12,603 34,319 Total liabilities 596 824 Total equity 12,006 33,495 Total liabilities and equity $ 12,603 $ 34,319 T2 Eagle Ford Current assets $ 2,517 $ 4,525 Property, plant and equipment, net 203,810 217,370 Total assets 206,327 221,895 Total liabilities 2,173 9,697 Total equity 204,154 212,198 Total liabilities and equity $ 206,327 $ 221,895 T2 LaSalle Current assets $ 1,046 $ 1,228 Property, plant and equipment, net 66,028 71,491 Total assets 67,074 72,719 Total liabilities 1,262 622 Total equity 65,812 72,097 Total liabilities and equity $ 67,074 $ 72,719 |