DEBT AND FINANCING COSTS (Tables)

12 Months Ended

Dec. 31, 2018

The following table presents the components of Altus Midstream’s financing costs, net:



	Year Ended December 31,						Period from May 26, 2016 (Inception) through December 31,
	2018⁽¹⁾			2017⁽¹⁾			2016 ⁽¹⁾
	(in thousands)
Interest expense	$	8,412		$	7,100		$	272
Amortization of deferred facility	107			—			—
Capitalized interest	(8,412		)	(7,100		)	(272		)
Total Financing costs, net	$	107		$	—		$	—

(1)

Prior to the Business Combination, the Company’s operations were funded entirely by contributions from Apache. Accordingly, Apache allocated a portion of interest on its corporate debt in determining capitalized interest associated with the development of Alpine High infrastructure. Refer to Note 1 — Summary of Significant Accounting Policies and Note 3 — Transactions with Affiliates for further information.