v3.25.1

Property and Equipment and Identifiable Intangible Assets (Tables) | 3 Months Ended
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Mar. 31, 2025
Property and Equipment and Identifiable Intangible Assets |
Schedule of property and equipment | Property and equipment consisted of the following (in thousands):
| March 31, 2025 |  | December 31, 2024
Compression and treating equipment | $ | 4,151,063 |  |  | $ | 4,134,544 |
Automobiles and vehicles | 57,811 |  |  | 53,301 |
Computer equipment | 36,470 |  |  | 38,614 |
Leasehold improvements | 10,071 |  |  | 9,807 |
Buildings | 3,935 |  |  | 3,935 |
Furniture and fixtures | 965 |  |  | 963 |
Land | 77 |  |  | 77 |
Total property and equipment, gross | 4,260,392 |  |  | 4,241,241 |
Less: accumulated depreciation and amortization | (2,022,609) |  |  | (1,967,865) |
Total property and equipment, net | $ | 2,237,783 |  |  | $ | 2,273,376 |
Depreciation expense on property and equipment and loss on disposition of assets were as follows (in thousands):
|  |  | Three Months Ended March 31,
|  |  |  |  | 2025 |  | 2024
Depreciation expense |  |  |  |  | $ | 63,048 |  |  | $ | 55,906 |
Loss on disposition of assets |  |  |  |  | 1,325 |  |  | 1,254 |
Schedule of estimated useful lives of property, plant, and equipment | Depreciation is calculated using the straight-line method over the estimated useful lives of the assets as follows:
Compression and treating equipment, acquired new | 25 years
Compression and treating equipment, acquired used | 5 - 25 years
Furniture and fixtures | 3 - 10 years
Vehicles and computer equipment | 1 - 10 years
Buildings | 5 years
Leasehold improvements | 5 years
Schedule of identifiable intangible assets | Identifiable intangible assets, net consisted of the following (in thousands):
| Customer Relationships |  | Trade Names |  | Total
Net balance as of December 31, 2024 | $ | 198,534 |  |  | $ | 17,739 |  |  | $ | 216,273 |
Amortization expense | (6,526) |  |  | (819) |  |  | (7,345) |
Net balance as of March 31, 2025 | $ | 192,008 |  |  | $ | 16,920 |  |  | $ | 208,928 |

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