Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

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Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets, Net
Intangible assets, net consisted of the following as of March 31, 2024 and December 31, 2023 (in thousands):

  March 31,
2024
December 31,
2023
Intangible assets, at cost:    
Saltwater disposal easement $ 17,557  $ 17,557 
Groundwater rights acquired 3,846  3,846 
Total intangible assets, at cost (1)
21,403  21,403 
Less: accumulated amortization (662) (378)
Intangible assets, net $ 20,741  $ 21,025 
(1)The remaining weighted average amortization period for total intangible assets was 18.5 years as of March 31, 2024.