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Investment in Laramie Energy, LLC (Tables) | 12 Months Ended
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Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract] |
Equity Method Investments | The change in our equity investment in Laramie Energy is as follows (in thousands):
|  |  | Year Ended December 31,
|  |  | 2020 |  | 2019
Beginning balance |  |  | $ | 46,905 |  |  | $ | 136,656 |
Equity earnings (losses) from Laramie Energy (1) |  |  | (1,611) |  |  | (175,018) |
Accretion of basis difference |  |  | — |  |  | 5,018 |
Adjustment of basis difference (2) |  |  | — |  |  | 161,764 |
Impairment of our investment in Laramie Energy |  |  | (45,294) |  |  | (81,515) |
Ending balance (1) |  |  | $ | — |  |  | $ | 46,905 |
________________________________________________________ (1)As of June 30, 2020, we have discontinued the application of the equity method of accounting for our investment in Laramie Energy because the book value of such investment has been reduced to zero. (2)Represents the reduction in our basis difference resulting from the asset impairment loss recorded by Laramie Energy for the year ended December 31, 2019.
Equity Method Investees Financial Information | Summarized financial information for Laramie Energy is as follows (in thousands):
| December 31,
| 2021 |  | 2020
| (Unaudited) |  |
Current assets | $ | 68,779 |  |  | $ | 34,573 |
Non-current assets | 328,571 |  |  | 355,538 |
Current liabilities | 107,976 |  |  | 217,523 |
Non-current liabilities | 177,503 |  |  | 93,193 |
| Year Ended December 31,
| 2021 |  | 2020 |  | 2019
| (Unaudited) |  |  |  |
Natural gas and oil revenues | $ | 221,176 |  |  | $ | 121,893 |  |  | $ | 193,906 |
Income (loss) from operations | 99,133 |  |  | (2,994) |  |  | (360,967) |
Net income (loss) | 32,476 |  |  | (22,589) |  |  | (380,473) |
Equity Method Investees Net Loss | Laramie Energy’s net income (loss) includes (in thousands):
| Year Ended December 31,
| 2021 |  | 2020 |  | 2019
| (Unaudited) |  |  |  |
Asset impairment loss | $ | — |  |  | $ | — |  |  | $ | 355,220 |
Depreciation, depletion, and amortization | 26,458 |  |  | 34,966 |  |  | 82,632 |
Unrealized (gain) loss on derivative instruments | 32,417 |  |  | 4,245 |  |  | (4,283) |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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