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GOODWILL AND OTHER INTANGIBLE ASSETS
3 Months Ended
Mar. 31, 2025
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 March 31, 2025 and December 31, 2024.

Other Intangible Assets:

The carrying amount and accumulated amortization of other intangible assets consist of the following:
March 31,
2025
December 31,
2024
Other Intangible Assets:
Gross Amortizable Asset - Customer Relationships $109,752 $109,752 
Less: Accumulated Amortization - Customer Relationships47,505 45,867 
Total Other Intangible Assets, net$62,247 $63,885 

The customer relationship intangible asset is being amortized on a straight-line basis over approximately 17 years. Amortization expense related to other intangible assets was $1,638 for both the three months ended March 31, 2025 and 2024. The estimated annual amortization expense is expected to approximate $6,552 per year for each of the next five years.