Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2023

Property and Equipment

Schedule of property and equipment, net

	Estimated	December 31,
(in thousands)	Useful Lives	2022		2023
Land	n/a	$	31,668		31,668
Gathering systems and facilities	40-50 years (1)		3,281,872		3,345,845
Permanent buried pipelines and equipment	7-20 years		601,347		646,469
Surface pipelines and equipment	1-7 years		66,726		90,871
Heavy trucks and equipment	3-5 years		5,157		5,157
Above ground storage tanks	5-10 years		2,953		5,130
Other assets	3-20 years		—		8,110
Construction-in-progress	n/a		158,977		192,852
Total property and equipment			4,148,700		4,326,102
Less accumulated depreciation			(397,269)		(532,579)
Property and equipment, net		$	3,751,431		3,793,523

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