91ëƬ

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] Ìý
Schedule of Intangible Assets, Net
Intangible assets, net consisted of the following as of March 31, 2025 and December 31, 2024 (in thousands):

Ìý March 31,
2025		 December 31,
2024
Intangible assets, at cost: Ìý Ìý
Saltwater disposal easement $ 17,557Ìý $ 17,557Ìý
Contracts acquired in a business combination 15,700Ìý 15,700Ìý
Groundwater rights acquired 3,846Ìý 3,846Ìý
Total intangible assets, at cost (1)
37,103Ìý 37,103Ìý
Less: accumulated amortization (2,501) (1,915)
Intangible assets, net $ 34,602Ìý $ 35,188Ìý
(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 $ 1,756Ìý
2026 2,342Ìý
2027 2,342Ìý
2028 2,342Ìý
2029 2,342Ìý
2030 and thereafter 23,478Ìý
Total expected amortization expense $ 34,602Ìý