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Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.24.3
Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] 听
Schedule of Intangible Assets, Net
Intangible assets, net consisted of the following as of September 30, 2024 and December 31, 2023 (in thousands):

听 September 30,
2024		 December 31,
2023
Intangible assets, at cost: 听 听
Saltwater disposal easement $ 17,557听 $ 17,557听
Contracts acquired in a business combination (1)
15,700听 鈥斕
Groundwater rights acquired 3,846听 3,846听
Total intangible assets, at cost (2)
37,103听 21,403听
Less: accumulated amortization (1,330) (378)
Intangible assets, net $ 35,773听 $ 21,025听
(1)See further discussion in Note 3, 鈥淎ssets Acquired in a Business Combination.鈥
(2)The remaining weighted average amortization period for total intangible assets was 15.8 years as of September 30, 2024.