Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

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

  December 31,
2024		 December 31,
2023
Intangible assets, at cost:    
Saltwater disposal easement $ 17,557  $ 17,557 
Contracts acquired in a business combination (1)
15,700  — 
Groundwater rights acquired 3,846  3,846 
Total intangible assets, at cost (2)
37,103  21,403 
Less: accumulated amortization (1,915) (378)
Intangible assets, net $ 35,188  $ 21,025 
(1)See further discussion in Note 3, “Assets Acquired in a Business Combination.”
(2)The remaining weighted average amortization period for total intangible assets was 11.8 years as of December 31, 2024.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense The estimated future annual amortization expense of intangible assets for each of the next five years and thereafter is as follows (in thousands):
Year Estimated Future Annual Amortization Expense
2025 $ 2,342 
2026 2,342 
2027 2,342 
2028 2,342 
2029 2,342 
2030 and thereafter 23,478