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EQUITY INVESTMENTS (Tables)
12 Months Ended
Dec. 31, 2024
EQUITY INVESTMENTS  
Schedule of changes in equity method investments

We account for our ownership interest in the income or loss of AllDale III, Francis and NGP ET IV as equity method investments. We record equity income or loss based on the distribution structure of the investments. The changes in our equity method investments were as follows:

Year Ended December 31, 

    

2024

        

2023

        

2022

    

(in thousands)

Beginning balance

$

46,503

$

49,371

$

26,325

Contributions

2,896

2,518

24,087

Equity method investment income (loss)

(4,961)

(1,468)

5,634

Distributions received

(3,788)

(3,918)

(6,675)

Change in our share of net assets

(5,118)

Ending balance

$

35,532

$

46,503

$

49,371