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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2024
Acquisitions |
Schedule of purchase price allocation | ​
​ | ​ | ​ | ​
(in thousands, except share and per share amounts) | ​ | ​ | ​
Equity Consideration | ​ | ​ | ​
Number of Class A Shares Issued (1) | ​ | ​ | 3,365,907
Fair Value Per Share on Transaction Closing Date | ​ | $ | 21.16
Total Fair Value of Equity Consideration | ​ | $ | 71,223
Fair Value of Contingent Consideration (2) | ​ | ​ | 3,899
Total Fair Value of Consideration | ​ | $ | 75,122
​ | ​ | ​ | ​
Purchase Price Allocation | ​ | ​ | ​
Produced Water Handling Facilities | ​ | $ | 72,736
Gathering Systems and Pipelines | ​ | ​ | 2,716
Total Fair Value of Property Acquired | ​ | ​ | 75,452
Less: ARO Liabilities Assumed | ​ | ​ | (330)
Total Purchase Price Allocation | ​ | $ | 75,122
​
(1) | A portion of these shares were held in escrow and released pursuant to the terms and conditions of the asset purchase agreement with Delaware Energy. During the years ended December 31, 2024 and 2023, 23,107 and 85,471, respectively, of these shares were released and returned to the Company for the reimbursement of certain post-acquisition workover costs. As of March 31, 2024, there were no remaining shares left in escrow. See Note 12. Stockholders’ Equity for further details.
(2) | As of December 31, 2024 and 2023, liabilities for contingent consideration of $1.0 million and $1.2 million, respectively, are included in “Accrued and Other Current Liabilities,” on the consolidated balance sheet, and liabilities for contingent consideration of $1.5 million and $2.1 million, respectively, are included in “Other Long-Term Liabilities,” on the consolidated balance sheet.

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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