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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 131,963 $ 24,188
Accounts receivable 2,249 1,033
Accounts receivable from Apache Corporation (Note 1) 9,875 446
Revenue receivables (Note 3) 13,717 11,378
Inventories 2,958 3,597
Prepaid assets and other 5,866 2,127
Total current assets 166,628 42,769
PROPERTY, PLANT, AND EQUIPMENT:    
Property, plant, and equipment 211,700 208,870
Less: Accumulated depreciation and accretion (24,713) (13,034)
Total property, plant, and equipment, net 186,987 195,836
OTHER ASSETS:    
Equity method interests 1,364,826 1,555,182
Deferred charges and other 6,229 5,843
Other assets 1,371,055 1,561,025
Total assets 1,724,670 1,799,630
CURRENT LIABILITIES:    
Distributions payable to Preferred Unit limited partners 11,562 0
Dividends payable 0 5,620
Distributions payable to Apache Corporation (Note 1) 0 18,750
Other current liabilities (Note 6) 15,682 5,613
Current liabilities 27,244 29,983
LONG-TERM DEBT 657,000 624,000
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:    
Asset retirement obligation 68,331 64,062
Embedded derivative 56,895 139,009
Other noncurrent liabilities 10,118 6,424
Liabilities, Noncurrent 135,344 209,495
Total liabilities 819,588 863,478
COMMITMENTS AND CONTINGENCIES (Note 8)
Redeemable noncontrolling interest — Apache limited partner 769,855 575,125
Redeemable noncontrolling interest — Preferred Unit limited partners 712,476 608,381
EQUITY:    
Additional paid-in capital 0 122,222
Accumulated deficit (577,251) (369,433)
Accumulated other comprehensive loss 0 (145)
Total equity (577,249) (247,354)
Total liabilities, noncontrolling interests, and equity 1,724,670 1,799,630
Class A Common Stock    
EQUITY:    
Common stock [1] 1 1
Class C Common Stock    
EQUITY:    
Common stock [1] $ 1 $ 1
[1] Share amounts have been retroactively restated to reflect the Company’s reverse stock split, which was effected June 30, 2020. Refer to Note 10—Equity and Warrants for further information.