Annual report [Section 13 and 15(d), not S-K Item 405]

Intangible Assets (Tables)

v3.25.4
Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets, Net
Intangible assets, net consisted of the following as of December 31, 2025 and 2024 (in thousands):

  December 31,
2025		 December 31,
2024
Intangible assets, at cost:    
Saltwater disposal easement $ 17,557  $ 17,557 
Contracts acquired in a business combination(1)
15,700  15,700 
Groundwater rights acquired 3,846  3,846 
Total intangible assets, at cost (2)
37,103  37,103 
Less: accumulated amortization (4,257) (1,915)
Intangible assets, net $ 32,846  $ 35,188 
(1)For further information, see Note 3, “Assets Acquired in a Business Combination.”
(2)The remaining weighted average amortization period for total intangible assets was 9.8 years as of December 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
2026 $ 2,342 
2027 2,342 
2028 2,342 
2029 2,342 
2030 2,342 
2031 and thereafter 21,136 
Total expected amortization expense $ 32,846