Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.8.0.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2018
Summary of Significant Accounting Policies  
Schedule of investment in property and equipment

Our investment in property and equipment as of the dates presented was as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

Estimated

 

December 31,

 

March 31,

 

 

    

useful lives

    

2017

    

2018

 

Land

 

n/a

 

$

15,382

 

 

16,099

 

Fresh water surface pipelines and equipment

 

5 years

 

 

46,139

 

 

48,500

 

Above ground storage tanks

 

10 years

 

 

4,301

 

 

4,824

 

Fresh water permanent buried pipelines and equipment

 

20 years

 

 

472,810

 

 

477,536

 

Gathering systems and facilities

 

20 years

 

 

1,781,386

 

 

1,907,042

 

Landfill

 

n/a(1)

 

 

 —

 

 

46,007

 

Construction-in-progress(2)

 

n/a  

 

 

654,904

 

 

580,469

 

Total property and equipment

 

 

 

 

2,974,922

 

 

3,080,477

 

Less accumulated depreciation

 

 

 

 

(369,320)

 

 

(401,752)

 

Property and equipment, net

 

 

 

$

2,605,602

 

 

2,678,725

 


(1) Amortization of landfill costs is recorded over the life of the landfill on a units-of-consumption basis.

(2) Construction-in-progress includes $319 million for the construction of the wastewater treatment facility, which is currently undergoing testing and commissioning.