XML 23 R12.htm IDEA: XBRL DOCUMENT
v3.26.1

Intangible Assets | 6 Months Ended
--- | ---
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract] |
Intangible Assets | Intangible Assets Intangible assets, net consisted of the following as of June 30, 2026 and December 31, 2025 (in thousands):
|  | June 30, 2026 |  | December 31, 2025
Intangible assets, at cost: |  |  |  |
Saltwater disposal easement |  | $ | 17,557 |  |  | $ | 17,557 |
Contracts acquired in a business combination |  | 15,700 |  |  | 15,700 |
Groundwater rights acquired |  | 3,846 |  |  | 3,846 |
Total intangible assets, at cost (1) |  | 37,103 |  |  | 37,103 |
Less: accumulated amortization |  | (5,428) |  |  | (4,257) |
Intangible assets, net |  | $ | 31,675 |  |  | $ | 32,846 |
(1)The remaining weighted average amortization period for total intangible assets was 8.9 years as of June 30, 2026. Amortization of intangible assets was $0.6 million for both of the three months ended June 30, 2026 and 2025. Amortization of intangible assets was $1.2 million for both of the six months ended June 30, 2026 and 2025. 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 |  |  | $ | 1,171 |
2027 |  |  | 2,342 |
2028 |  |  | 2,342 |
2029 |  |  | 2,342 |
2030 |  |  | 2,342 |
2031 and thereafter |  |  | 21,136 |
Total expected amortization expense |  |  | $ | 31,675 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for intangible asset. Includes, but is not limited to, finite- and indefinite-lived intangible assets, capitalized cost for internal-use software and software to be sold, leased, or marketed. Excludes goodwill. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(15)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-4 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-3 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/985-20/tableOfContent + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration