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Equity Method Investments | 3 Months Ended
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Mar. 31, 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
|  | Three Months Ended March 31,
(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 |  |  | 1,125 |  |  | 35,168 |  |  | 6,617 |  |  | 35,418 |  |  | 7,742 |
Loss on equity method investments |  | (982 | ) |  | (1,282 | ) |  | (12 | ) |  | (1 | ) |  | (994 | ) |  | (1,283 | )
Balance at end of period |  | $ | — |  |  | $ | 96,693 |  |  | $ | 120,501 |  |  | $ | 39,290 |  |  | $ | 120,501 |  |  | $ | 135,983 |
During 2018, the Company expects to contribute approximately $60.0 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 March 31, 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.

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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 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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