Quarterly report [Sections 13 or 15(d)]

Intangible Assets (Tables)

v3.25.1
Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets, Net
Intangible assets, net consisted of the following as of March 31, 2025 and December 31, 2024 (in thousands):

  March 31,
2025		 December 31,
2024
Intangible assets, at cost:    
Saltwater disposal easement $ 17,557  $ 17,557 
Contracts acquired in a business combination 15,700  15,700 
Groundwater rights acquired 3,846  3,846 
Total intangible assets, at cost (1)
37,103  37,103 
Less: accumulated amortization (2,501) (1,915)
Intangible assets, net $ 34,602  $ 35,188 
(1)The remaining weighted average amortization period for total intangible assets was 11.3 years as of March 31, 2025.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense The estimated future amortization expense of intangible assets for each of the next five years and thereafter is as follows (in thousands):
Year Estimated Future Amortization Expense
Remainder of 2025 $ 1,756 
2026 2,342 
2027 2,342 
2028 2,342 
2029 2,342 
2030 and thereafter 23,478 
Total expected amortization expense $ 34,602