Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

v3.21.1
Property and Equipment (Tables)
3 Months Ended
Mar. 31, 2021
Property and Equipment  
Schedule of investment in property and equipment

(Unaudited)

Estimated

December 31,

March 31,

(in thousands)

    

useful lives

    

2020

2021

Land

    

n/a

    

$

23,582

    

23,272

Gathering systems and facilities

40-50 years (1)

2,643,927

2,653,975

Permanent buried pipelines and equipment

7-20 years

545,419

551,983

Surface pipelines and equipment

1-7 years

50,916

51,743

Heavy trucks and equipment

3-5 years

5,919

5,919

Above ground storage tanks

5-10 years

2,483

2,483

Construction-in-progress

n/a

 

139,506

144,909

Total property and equipment

3,411,752

3,434,284

Less accumulated depreciation

(157,708)

(184,558)

Property and equipment, net

$

3,254,044

3,249,726

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