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Quarterly report [Sections 13 or 15(d)]

Intangible Assets (Tables)

v3.26.1
Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract] Ìý
Schedule of Intangible Assets, Net
Intangible assets, net consisted of the following as of March 31, 2026 and December 31, 2025 (in thousands):

Ìý March 31,
2026		 December 31,
2025
Intangible assets, at cost: Ìý Ìý
Saltwater disposal easement $ 17,557Ìý $ 17,557Ìý
Contracts acquired in a business combination 15,700Ìý 15,700Ìý
Groundwater rights acquired 3,846Ìý 3,846Ìý
Total intangible assets, at cost (1)
37,103Ìý 37,103Ìý
Less: accumulated amortization (4,843) (4,257)
Intangible assets, net $ 32,260Ìý $ 32,846Ìý
(1)The remaining weighted average amortization period for total intangible assets was 9.3 years as of March 31, 2026.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense The estimated future amortization expense of intangible assets for each of the next five years and thereafter is as follows (in thousands):
Year Estimated Future Amortization Expense
Remainder of 2026 $ 1,756Ìý
2027 2,342Ìý
2028 2,342Ìý
2029 2,342Ìý
2030 2,342Ìý
2031 and thereafter 21,136Ìý
Total expected amortization expense $ 32,260Ìý