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Equity Investments | 12 Months Ended
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Dec. 31, 2014
Equity Investments [Abstract] |
Equity Investments | Note 4 — Equity Investments As of December 31, 2014, we had two investments that we account for using the equity method of accounting: Deepwater Gateway and Independence Hub, both of which are included in our Production Facilities segment. Deepwater Gateway, L.L.C. In June 2002, w e, along with Enterprise Products Partners L.P. (”Enterprise”), formed Deepwater Gateway, each with a 50% interest, to design, construct, install, own and operate a tension leg platform production hub primarily for Anadarko Petroleum Corporation's Marco Polo field in the Deepwater Gulf of Mexico. A s of December 31, 2014 and 2013, o ur investment in Deepwater Gateway totaled $80.9 million and $85.8 million (including net capitalized interest of $1.2 million and $1.3 million), respectively. Independence Hub, LLC. In December 2004, we acquired a 20% interest in Independence Hub, an affiliate of Enterprise. Independence Hub owns the "Independence Hub" platform located in Mississippi Canyon Block 920 in a water depth of 8,000 feet. A s of December 31, 2014 and 2013, o ur investment in Independence Hub was $68.8 million and $72.1 million (including net capitalized interest of $3.9 million and $4.3 million), respectively. We received the following distributions from our equity method investments during the years ended December 31, 2014, 2013 and 2012 (in thousands):
|  | Year Ended December 31, |
|  | 2014 |  | 2013 |  | 2012 |
Deepwater Gateway | $ | 6,150 | $ | 7,600 | $ | 8,157 |
Independence Hub |  | 2,640 |  | 4,660 |  | 8,073 |
Total | $ | 8,790 | $ | 12,260 | $ | 16,230 |

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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 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 2: 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 3: 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=35687916&loc=d3e32787-111569 Reference 4: 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=35687916&loc=d3e32847-111569 + Details
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