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Property and Equipment (Tables)
9 Months Ended
Sep. 30, 2025
Property and Equipment  
Schedule of property and equipment, net

(Unaudited)

Estimated

December 31,

    

September 30,

(in thousands)

    

Useful Lives

    

2024

    

2025

Land

    

n/a

    

$

31,237

    

31,813

Gathering systems and facilities

40-50 years (1)

3,553,934

3,688,116

Permanent buried pipelines and equipment

7-20 years

653,891

656,699

Surface pipelines and equipment

1-7 years

110,677

160,328

Heavy trucks and equipment

3-5 years

4,413

4,413

Above ground storage tanks

5-10 years

5,131

5,133

Other assets

3-20 years

8,111

8,111

Construction-in-progress

n/a

 

184,680

124,269

Total property and equipment

4,552,074

4,678,882

Less accumulated depreciation

(670,453)

(771,030)

Property and equipment, net

$

3,881,621

3,907,852

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