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Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

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Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets, Net
Intangible assets, net consisted of the following as of June 30, 2024 and December 31, 2023 (in thousands):

June 30,
2024
December 31,
2023
Intangible assets, at cost:
Saltwater disposal easement $ 17,557听 $ 17,557听
Groundwater rights acquired 3,846听 3,846听
Total intangible assets, at cost (1)
21,403听 21,403听
Less: accumulated amortization (946) (378)
Intangible assets, net $ 20,457听 $ 21,025听
(1)The remaining weighted average amortization period for total intangible assets was 18.3 years as of June 30, 2024.