Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2021

Property and Equipment

Schedule of investment in property and equipment

	Estimated	December 31,
(in thousands)	Useful Lives	2020		2021
Land	n/a	$	23,582		23,369
Gathering systems and facilities	40-50 years (1)		2,643,927		2,817,918
Permanent buried pipelines and equipment	7-20 years		545,419		582,481
Surface pipelines and equipment	1-7 years		50,916		54,542
Heavy trucks and equipment	3-5 years		5,919		5,157
Above ground storage tanks	5-10 years		2,483		2,946
Construction-in-progress	n/a		139,506		174,271
Total property and equipment			3,411,752		3,660,684
Less accumulated depreciation			(157,708)		(265,938)
Property and equipment, net		$	3,254,044		3,394,746

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