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Goodwill and Other Intangible Assets | 9 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | GOODWILL AND OTHER INTANGIBLE ASSETS: Goodwill: All goodwill is attributed to the Midstream reporting unit within the Shale segment. Goodwill is evaluated for impairment at least annually and whenever events or changes in circumstance indicate that the fair value of a reporting unit is less than its carrying amount. The accumulated impairment loss on goodwill is $473,045, resulting in a carrying value of $323,314 at both September 30, 2024 and December 31, 2023. Other Intangible Assets: The carrying amount and accumulated amortization of other intangible assets consist of the following:
| September 30, 2024 |  | December 31, 2023
Other Intangible Assets: |  |  |
Gross Amortizable Asset - Customer Relationships | $ | 109,752 |  |  | $ | 109,752 |
Less: Accumulated Amortization - Customer Relationships | 44,228 |  |  | 39,314 |
Total Other Intangible Assets, net | $ | 65,524 |  |  | $ | 70,438 |
The customer relationship intangible asset is being amortized on a straight-line basis over approximately 17 years. Amortization expense related to other intangible assets for both the three and nine months ended September 30, 2024 and 2023 was $1,638 and 4,914, respectively. The estimated annual amortization expense is expected to approximate $6,552 per year for each of the next five years.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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