Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

v3.22.0.1
Acquisitions (Tables)
12 Months Ended
Dec. 31, 2021
Acquisitions  
Schedule of purchase price allocation

(in thousands)

Fair Value of Consideration

    

Class A Units Issued to Seller

$

77,602

Redeemable Preferred Units Issued to Seller

71,974

Total Consideration

149,576

Fair Value of Assets Acquired and Liabilities Assumed

Property, Plant and Equipment - Water Handling Facilities

18,566

Property, Plant and Equipment - Pipelines (including right of way)

33,897

Intangible Assets - Contracts (1)

90,300

Asset Retirement Obligations

(776)

Total Assets Acquired

$

141,987

Goodwill

7,589

(1) On January 15, 2021, ConocoPhillips acquired Concho and assumed the customer contract.
Schedule of unaudited pro forma results

    

(in thousands)

Year Ended December 31,

2020

2019

Pro Forma (unaudited)

Total Revenues

$

176,399

$ 137,926

Net Income

2,618

22,311