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INVESTMENT

9 Months Ended

Sep. 30, 2021

9.INVESTMENT

AllDale III

As discussed in Note 8 – Variable Interest Entities, we account for our ownership interest in the income or loss of AllDale III as an equity method investment. We record equity income or loss based on AllDale III's distribution structure. The changes in our equity method investment in AllDale III for each of the periods presented were as follows:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2021		2020		2021		2020

	(in thousands)
Beginning balance	$	26,274	$	27,705	$	27,268	$	28,529
Equity method investment income		703		62		1,106		650
Distributions received		(797)		(352)		(2,194)		(1,491)
Other		—		—		—		(273)
Ending balance	$	26,180	$	27,415	$	26,180	$	27,415