Property and Equipment (Tables)

9 Months Ended

Sep. 30, 2023

Property and Equipment

Schedule of property and equipment, net

				(Unaudited)
	Estimated	December 31,		September 30,
(in thousands)	Useful Lives	2022		2023
Land	n/a	$	31,668		31,668
Gathering systems and facilities	40-50 years (1)		3,281,872		3,328,513
Permanent buried pipelines and equipment	7-20 years		601,347		633,113
Surface pipelines and equipment	1-7 years		66,726		80,048
Heavy trucks and equipment	3-5 years		5,157		5,157
Above ground storage tanks	5-10 years		2,953		5,130
Construction-in-progress	n/a		158,977		196,619
Total property and equipment			4,148,700		4,280,248
Less accumulated depreciation			(397,269)		(497,694)
Property and equipment, net		$	3,751,431		3,782,554

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