Property and Equipment (Tables)

6 Months Ended

Jun. 30, 2025

Property and Equipment

Schedule of property and equipment, net

				(Unaudited)
	Estimated	December 31,		June 30,
(in thousands)	Useful Lives	2024		2025
Land	n/a	$	31,237		31,813
Gathering systems and facilities	40-50 years (1)		3,553,934		3,672,251
Permanent buried pipelines and equipment	7-20 years		653,891		656,791
Surface pipelines and equipment	1-7 years		110,677		127,888
Heavy trucks and equipment	3-5 years		4,413		4,413
Above ground storage tanks	5-10 years		5,131		5,133
Other assets	3-20 years		8,111		8,111
Construction-in-progress	n/a		184,680		122,712
Total property and equipment			4,552,074		4,629,112
Less accumulated depreciation			(670,453)		(736,565)
Property and equipment, net		$	3,881,621		3,892,547

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