DEBT AND FINANCING COSTS (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of Financing Costs, Net

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

	Year Ended December 31,
	2020		2019		2018(1)
	(in thousands)
Interest income	$	9	$	3,606	$	1,608
Interest income	$	9	$	3,606	$	1,608
Interest expense	$	9,775	$	6,384	$	8,412
Amortization of deferred facility fees	1,148		889		107
Capitalized interest	(8,733)		(5,481)		(8,412)
Financing costs, net of capitalized interest	$	2,190	$	1,792	$	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 3—Transactions with Affiliates, for further information.