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Investments in Unconsolidated Affiliates | 9 Months Ended
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Sep. 30, 2015
Investments in Unconsolidated Affiliates [Abstract] |
Investments in Unconsolidated Affiliates | Note 7. Investments in Unconsolidated Affiliates The following table presents our investments in unconsolidated affiliates by business segment at the dates indicated. We account for these investments using the equity method.
|  | Ownership Interest at September 30, 2015 |  |  | September 30, 2015 |  |  | December 31, 2014 |
NGL Pipelines & Services: |  |  |  |  |  |  |  |  |
Venice Energy Service Company, L.L.C. |  | 13.1% |  |  | $ | 26.4 |  |  | $ | 27.7 |
K/D/S Promix, L.L.C. |  | 50% |  |  |  | 42.8 |  |  |  | 38.5 |
Baton Rouge Fractionators LLC |  | 32.2% |  |  |  | 18.4 |  |  |  | 18.8 |
Skelly-Belvieu Pipeline Company, L.L.C. |  | 50% |  |  |  | 40.3 |  |  |  | 40.1 |
Texas Express Pipeline LLC |  | 35% |  |  |  | 343.4 |  |  |  | 349.3 |
Texas Express Gathering LLC |  | 45% |  |  |  | 37.2 |  |  |  | 37.9 |
Front Range Pipeline LLC |  | 33.3% |  |  |  | 171.7 |  |  |  | 170.0 |
Delaware Basin Gas Processing LLC (1) |  | 50% |  |  |  | 28.7 |  |  |  | -- |
Crude Oil Pipelines & Services: |  |  |  |  |  |  |  |  |  |  |
Seaway Crude Pipeline Company LLC |  | 50% |  |  |  | 1,403.1 |  |  |  | 1,431.2 |
Eagle Ford Pipeline LLC |  | 50% |  |  |  | 391.4 |  |  |  | 336.5 |
Eagle Ford Terminals Corpus Christi LLC (2) |  | 50% |  |  |  | 23.4 |  |  |  | -- |
Natural Gas Pipelines & Services: |  |  |  |  |  |  |  |  |  |  |
White River Hub, LLC |  | 50% |  |  |  | 23.1 |  |  |  | 23.2 |
Petrochemical & Refined Products Services: |  |  |  |  |  |  |  |  |  |  |
Baton Rouge Propylene Concentrator, LLC |  | 30% |  |  |  | 5.8 |  |  |  | 6.5 |
Centennial Pipeline LLC (“Centennial”) |  | 50% |  |  |  | 67.2 |  |  |  | 66.1 |
Other |  | Various |  |  |  | 2.4 |  |  |  | 2.5 |
Offshore Pipelines & Services: (3) |  |  |  |  |  |  |  |  |  |  |
Poseidon Oil Pipeline Company, L.L.C. |  | -- |  |  |  | -- |  |  |  | 31.8 |
Cameron Highway Oil Pipeline Company |  | -- |  |  |  | -- |  |  |  | 201.3 |
Deepwater Gateway, L.L.C. |  | -- |  |  |  | -- |  |  |  | 79.6 |
Neptune Pipeline Company, L.L.C. |  | -- |  |  |  | -- |  |  |  | 34.9 |
Southeast Keathley Canyon Pipeline Company L.L.C. |  | -- |  |  |  | -- |  |  |  | 146.1 |
Total investments in unconsolidated affiliates |  |  |  |  | $ | 2,625.3 |  |  | $ | 3,042.0 |
(1) New joint venture formed with Oxy Delaware Basin Plant, LLC, a subsidiary of Occidental Petroleum Corporation, in April 2015 that will plan, design and construct a new cryogenic natural gas processing plant to accommodate the growing production of NGL-rich natural gas in the Delaware Basin. (2) New joint venture formed with Plains Marketing, L.P., a subsidiary of Plains All American Pipeline, L.P., in March 2015 to construct and operate a marine terminal that will handle crude oil delivered by Eagle Ford Pipeline LLC. (3) Our investments in unconsolidated affiliates classified within the Offshore Pipelines & Services segment were sold to Genesis on July 24, 2015 (see Note 6). At June 30, 2015, the carrying value of these investments was $482.4 million. |
The following table presents our equity in income (loss) of unconsolidated affiliates by business segment for the periods indicated:
|  | For the Three Months Ended September 30, |  |  | For the Nine Months Ended September 30, |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
NGL Pipelines & Services |  | $ | 18.9 |  |  | $ | 11.7 |  |  | $ | 43.0 |  |  | $ | 19.2 |
Crude Oil Pipelines & Services |  |  | 81.2 |  |  |  | 46.8 |  |  |  | 220.5 |  |  |  | 131.7 |
Natural Gas Pipelines & Services |  |  | 0.9 |  |  |  | 0.9 |  |  |  | 2.8 |  |  |  | 2.7 |
Petrochemical & Refined Products Services |  |  | (3.3 | ) |  |  | (4.2 | ) |  |  | (10.4 | ) |  |  | (10.3 | )
Offshore Pipelines & Services |  |  | 5.4 |  |  |  | 17.1 |  |  |  | 46.6 |  |  |  | 35.8 |
Total |  | $ | 103.1 |  |  | $ | 72.3 |  |  | $ | 302.5 |  |  | $ | 179.1 |
The following table presents our unamortized excess cost amounts by business segment at the dates indicated:
|  | September 30, 2015 |  |  | December 31, 2014 |
NGL Pipelines & Services |  | $ | 25.6 |  |  | $ | 26.5 |
Crude Oil Pipelines & Services |  |  | 20.9 |  |  |  | 21.7 |
Petrochemical & Refined Products Services |  |  | 2.4 |  |  |  | 2.4 |
Offshore Pipelines & Services (1) |  |  | -- |  |  |  | 9.0 |
Total |  | $ | 48.9 |  |  | $ | 59.6 |
(1) Our investments in unconsolidated affiliates classified within the Offshore Pipelines & Services segment were sold to Genesis in July 2015. |
The following table presents our amortization of excess cost amounts by business segment for the periods indicated:
|  | For the Three Months Ended September 30, |  |  | For the Nine Months Ended September 30, |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
NGL Pipelines & Services |  | $ | 0.3 |  |  | $ | 0.2 |  |  | $ | 0.9 |  |  | $ | 0.9 |
Crude Oil Pipelines & Services |  |  | 0.3 |  |  |  | 0.2 |  |  |  | 0.8 |  |  |  | 0.5 |
Petrochemical & Refined Products Services |  |  | -- |  |  |  | -- |  |  |  | -- |  |  |  | 0.1 |
Offshore Pipelines & Services |  |  | -- |  |  |  | 0.3 |  |  |  | 2.8 |  |  |  | 0.8 |
Total |  | $ | 0.6 |  |  | $ | 0.7 |  |  | $ | 4.5 |  |  | $ | 2.3 |
Other Centennial’s credit agreement restricts its ability to pay cash dividends if a default or event of default (as defined in the credit agreement) has occurred and is continuing at the time such payments are scheduled to be paid. This business was in compliance with the terms of its credit agreement at September 30, 2015.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=49116238&loc=d3e32847-111569 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.12) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=49116238&loc=d3e32787-111569 + Details
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