Quarterly report pursuant to Section 13 or 15(d)

Assets Acquired in a Business Combination (Tables)

v3.24.3
Assets Acquired in a Business Combination (Tables)
 9 Months Ended
Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Property, plant and equipment, Real Estate and Other Intangible Assets
The Acquired Assets included the following:

Acquired Assets Balance Sheet Classification Business Segment
4,120 acres of land
 Real estate acquired Land and Resource Management
Water sourcing assets, including water pits, water wells, pipes and electrical infrastructure Property, plant and equipment Water Services and Operations
A 25% non-operating working interest in an existing saltwater disposal (“SWD”) system
 Property, plant and equipment Water Services and Operations
Contractual right to a 10% royalty on produced water revenue generated from the SWD system
 Intangible assets Water Services and Operations
Contractual right to a 7.5% royalty on revenue generated from nonhazardous oilfield solids waste disposal site
 Intangible assets Land and Resource Management
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination The following table presents the allocation of fair value by asset class as of August 20, 2024 (in thousands):
Real estate acquired $ 12,100 
Property, plant and equipment 17,200 
Intangible assets 15,700 
Total consideration and fair value $ 45,000