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CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 1,880 $ 5,983
Accounts receivable from Apache Corporation (Note 1) 0 5,195
Revenue receivables (Note 3) 13,572 15,461
Inventories 3,771 4,027
Prepaid assets and other 1,713 1,071
Total current assets 20,936 31,737
PROPERTY, PLANT AND EQUIPMENT:    
Property, plant and equipment 214,389 207,270
Less: Accumulated depreciation and amortization (7,085) (1,468)
Total property, plant and equipment, net 207,304 205,802
OTHER ASSETS:    
Equity method interests 1,408,479 1,258,048
Deferred charges and other 5,524 5,267
Other assets 1,414,003 1,263,315
Total assets 1,642,243 1,500,854
CURRENT LIABILITIES:    
Accounts payable to Apache Corporation (Note 1) 165 0
Current debt (Note 5) 0 9,767
Other current liabilities (Note 6) 11,941 23,925
Total current liabilities 12,106 33,692
LONG-TERM DEBT 493,000 396,000
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:    
Asset retirement obligation 62,041 60,095
Embedded derivative 175,498 102,929
Other non-current liabilities 5,998 4,614
Noncurrent liabilities 243,537 167,638
Total liabilities 748,643 597,330
COMMITMENTS AND CONTINGENCIES (Note 7)
Redeemable noncontrolling interest — Apache limited partner 230,631 701,000
Redeemable noncontrolling interest — Preferred Unit limited partners 592,625 555,599
EQUITY:    
Additional paid-in capital 473,532 39,822
Accumulated deficit (402,741) (392,633)
Accumulated other comprehensive loss (449) (266)
Total equity 70,344 (353,075)
Total liabilities, noncontrolling interests, and equity 1,642,243 1,500,854
Class A Common Stock    
EQUITY:    
Common stock [1] 1 1
Class C Common Stock    
EQUITY:    
Common stock [1] $ 1 $ 1
[1]
Share amounts have been retroactively restated to reflect the Company’s reverse stock split, which was effected June 30, 2020. Refer to Note 9—Equity for further information.