Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.19.2
Property and Equipment
6 Months Ended
Jun. 30, 2019
Property and Equipment  
Property and Equipment

(6) Property and Equipment

The Company’s investment in property and equipment for the periods presented is as follows:

Estimated

(in thousands)

    

useful lives

    

June 30, 2019

Land

n/a

$

23,665

Gathering systems and facilities

40-50 years(1)

2,390,018

Fresh water permanent buried pipelines and equipment

10-20 years

686,179

Wastewater treatment facility

30 years

304,375

Fresh water surface pipelines and equipment

1-5 years

44,915

Landfill

n/a(2)

77,866

Heavy trucks and equipment

3-5 years

4,941

Above ground storage tanks

5-10 years

4,235

Construction-in-progress

n/a

251,940

Total property and equipment

3,788,134

Less accumulated depreciation

(43,798)

Property and equipment, net

$

3,744,336

(1) Gathering systems and facilities are recognized as a single-leased asset with no residual value.
(2) Amortization of landfill costs is recorded over the life of the landfill on a units-of-consumption basis.