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DEBT AND FINANCING COSTS (Tables)
 12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Financing Costs, Net
The following table presents the components of Altus Midstream’s interest income and financing costs, net of capitalized interest:
 
 
Year Ended December 31,
 
 
2019
 
2018(1)
 
2017(1)
 
 
 
 
 
 
 
 
 
(in thousands)
Interest income
 
$
3,606

 
$
1,608

 
$
—

Interest income
 
$
3,606

 
$
1,608

 
$
—

 
 
 
 
 
 
 
Interest expense
 
$
6,384

 
$
8,412

 
$
7,100

Amortization of deferred facility fees
 
889

 
107

 
—

Capitalized interest
 
(5,481
)
 
(8,412
)
 
(7,100
)
Financing costs, net of capitalized interest
 
$
1,792

 
$
107

 
$
—

(1)
Prior to the Business Combination, the Company’s operations were funded entirely by contributions from Apache. Accordingly, Apache allocated a portion of interest on its corporate debt in determining capitalized interest associated with the development of Alpine High infrastructure. Refer to Note 3—Transactions with Affiliates, for further information.