v3.7.0.1
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2017
Summary of Significant Accounting Policies  
Schedule of investment in property and equipment

Our investment in property and equipment was as follows as of December 31, 2016 and June 30, 2017 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

    

Estimated
useful lives

    

December 31,
2016

    

June 30,
2017

 

Land

 

n/a

 

$

11,338

 

 

14,274

 

Fresh water surface pipelines and equipment

 

5 years

 

 

39,562

 

 

40,914

 

Above ground storage tanks

 

10 years

 

 

4,301

 

 

4,301

 

Fresh water permanent buried pipelines and equipment

 

20 years

 

 

443,453

 

 

473,594

 

Gathering systems and facilities

 

20 years

 

 

1,551,771

 

 

1,673,139

 

Construction-in-progress

 

n/a

 

 

400,096

 

 

500,744

 

Total property and equipment

 

 

 

 

2,450,521

 

 

2,706,966

 

Less accumulated depreciation

 

 

 

 

(254,642)

 

 

(312,690)

 

Property and equipment, net

 

 

 

$

2,195,879

 

 

2,394,276