Property and Equipment (Tables)

6 Months Ended

Jun. 30, 2024

Property and Equipment

Schedule of property and equipment, net

				(Unaudited)
	Estimated	December 31,		June 30,
(in thousands)	Useful Lives	2023		2024
Land	n/a	$	31,668		31,237
Gathering systems and facilities	40-50 years (1)		3,345,845		3,514,707
Permanent buried pipelines and equipment	7-20 years		646,469		653,814
Surface pipelines and equipment	1-7 years		90,871		102,089
Heavy trucks and equipment	3-5 years		5,157		5,157
Above ground storage tanks	5-10 years		5,130		5,131
Other assets	3-20 years		8,110		8,111
Construction-in-progress	n/a		192,852		154,590
Total property and equipment			4,326,102		4,474,836
Less accumulated depreciation			(532,579)		(605,951)
Property and equipment, net		$	3,793,523		3,868,885

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