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Fixed Assets, Mineral Leaseholds, and Asset Retirement Obligations (Tables) | 6 Months Ended
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Jun. 30, 2025
Fixed Assets And Asset Retirement Obligations [Abstract] |
Schedule of Fixed Assets | Fixed assets consisted of the following:
| June 30, 2025 |  | December 31, 2024
Crude oil and natural gas pipelines and related assets | $ | 3,507,121 |  |  | $ | 3,367,908 |
Onshore facilities, machinery and equipment | 290,655 |  |  | 293,436 |
Transportation equipment | 24,273 |  |  | 22,976 |
Marine vessels | 1,067,572 |  |  | 1,062,720 |
Land, buildings and improvements | 88,545 |  |  | 88,545 |
Office equipment, furniture and fixtures | 10,337 |  |  | 10,101 |
Construction in progress(1) | 327,226 |  |  | 408,509 |
Other | 26,665 |  |  | 26,665 |
Fixed assets, at cost | 5,342,394 |  |  | 5,280,860 |
Less: Accumulated depreciation | (1,816,766) |  |  | (1,740,974) |
Net fixed assets | $ | 3,525,628 |  |  | $ | 3,539,886 |
Schedule of Depreciation and Depletion Expense | Our depreciation expense for the periods presented was as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Depreciation expense | $ | 53,347 |  |  | $ | 48,715 |  |  | $ | 106,947 |  |  | $ | 95,647 |
Schedule of Change in Asset Retirement Obligation | The following table presents information regarding our AROs since December 31, 2024:
ARO liability balance, December 31, 2024 | $ | 254,054 |
Accretion expense | 5,946 |
Settlements | (1,321) |
ARO liability balance, June 30, 2025 | $ | 258,679 |

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1 + Details
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- Definition Tabular disclosure of the changes in carrying amount of a liability for asset retirement obligations, for changes such as new obligations, changes in estimates of existing obligations, spending on existing obligations, property dispositions, and foreign currency translation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 410 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481850/410-20-50-1 + Details
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