Property and Equipment

12 Months Ended

Dec. 31, 2019

Property and Equipment

Property and Equipment

(8) Property and Equipment

The Company’s investment in property and equipment for the period presented is summarized in the following table. AMGP had no property and equipment at December 31, 2018.

	Estimated	December 31,
(in thousands)	useful lives	2019
Land	n/a	$	23,549
Gathering systems and facilities	40-50 years(1)		2,375,241
Fresh water permanent buried pipelines and equipment	10-20 years		602,230
Fresh water surface pipelines and equipment	1-5 years		48,594
Landfill	n/a(2)		1,244
Heavy trucks and equipment	3-5 years		6,617
Above ground storage tanks	5-10 years		3,418
Construction-in-progress	n/a		300,165
Total property and equipment			3,361,058
Less accumulated depreciation			(87,648)
Property and equipment, net		$	3,273,410

(1) Gathering systems and facilities are recognized as a single-leased asset with no residual value.

(2) Amortization of landfill costs is recorded over the life of the landfill on a units-of-consumption basis.