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PROPERTY, PLANT, AND EQUIPMENT, NET
3 Months Ended
Mar. 31, 2019
Property Plant And Equipment [Abstract]  
PROPERTY, PLANT, AND EQUIPMENT, NET

5. PROPERTY, PLANT AND EQUIPMENT, NET

Details on property, plant and equipment follow.

 

 

 

March 31, 2019

 

 

December 31, 2018

 

 

 

(In thousands)

 

Gathering and processing systems and related equipment

 

$

2,025,055

 

 

$

2,155,325

 

Construction in progress

 

 

169,987

 

 

 

137,920

 

Land and line fill

 

 

9,834

 

 

 

11,748

 

Other

 

 

53,873

 

 

 

45,853

 

Total

 

 

2,258,749

 

 

 

2,350,846

 

Less accumulated depreciation

 

 

384,820

 

 

 

387,133

 

Property, plant and equipment, net

 

$

1,873,929

 

 

$

1,963,713

 

 

In March 2019, certain events, facts and circumstances occurred which indicated that certain long-lived assets in the DJ Basin and Barnett Shale reporting segments could be impaired. Consequently, we performed a recoverability assessment of certain assets within these reporting segments.

In the DJ Basin, we determined that certain processing plant assets related to our existing 20 MMcf/d plant would no longer be utilized due to our expansion plans for the Niobrara G&P system. Based on the results of the recoverability assessment and the conclusion that the carrying value was not fully recoverable, we recorded an impairment charge of $34.7 million related to these assets.

In the Barnett Shale, we determined certain compressor station assets would be shut down and decommissioned beginning in the second quarter of 2019. As a result, we recorded an impairment charge of $9.7 million related to these assets. See Note 6 for additional details.

 

Depreciation expense and capitalized interest follow.

 

 

 

Three months ended March 31,

 

 

 

2019

 

 

2018

 

 

 

(In thousands)

 

Depreciation expense

 

$

19,783

 

 

$

18,557

 

Capitalized interest

 

 

1,915

 

 

 

1,222