PROPERTY, PLANT AND EQUIPMENT

3 Months Ended

Mar. 31, 2025

Property, Plant and Equipment [Abstract]

Property, plant and equipment, at carrying value, is as follows:


	March 31,		December 31,
	2025		2024

	(In thousands)
Gathering, processing, and transmission systems and facilities	$	4,194,065	$	3,977,825
Vehicles	17,721		15,659
Computers and equipment	11,208		7,872
Less: accumulated depreciation	(870,114)		(813,371)
Total depreciable assets, net	3,352,880		3,187,985
Construction in progress	256,894		215,168
Land	30,795		30,711
Total property, plant, and equipment, net	$	3,640,569	$	3,433,864

The cost of property classified as “Construction in progress” is excluded from capitalized costs being depreciated. These amounts represent property that is not yet available to be placed into productive service as of the respective reporting date. The Company recorded $62.1 million and $42.9 million of depreciation expense for the three months ended March 31, 2025 and 2024, respectively. There were no impairment triggering events for property, plant and equipment during the three months ended March 31, 2025 and 2024.