Schedule of consideration transferred and the estimated fair value of identified assets acquired and liabilities

A summary of the consideration transferred and the estimated fair value of identified assets acquired and liabilities assumed as of December 31, 2024 for the Company’s 2024 business acquisitions is located below (in thousands):


Purchase price allocation	Bobcat		Trinity		Buckhorn		Iron Mountain Energy		Tri-State Water Logistics		Rockies Infrastructure		Total 2024 Acquisitions

					(in thousands)
Consideration transferred
Purchase consideration	$	8,070	$	30,832	$	18,781	$	14,000	$	58,330	$	18,100	$	148,113
Total consideration transferred		8,070		30,832		18,781		14,000		58,330		18,100		148,113


Less: identifiable assets acquired and liabilities assumed
Working capital		(285)		(408)		752		(3,974)		(1,428)		(500)		(5,843)
Property and equipment		8,291		41,706		19,665		21,876		44,613		8,266		144,417
Right-of-use assets		—		182		—		—		1,028		—		1,210
Customer relationships		535		—		4,100		—		10,240		8,230		23,105
Deferred tax liabilities		—		—		(2,393)		—		—		—		(2,393)
Long-term ARO		(471)		(10,149)		(6,898)		(3,902)		(2,569)		(471)		(24,460)
Long-term lease liabilities		—		(499)		—		—		(956)		—		(1,455)
Total identifiable net assets acquired		8,070		30,832		15,226		14,000		50,928		15,525		134,581
Goodwill		—		—		3,555		—		7,402		2,575		13,532
Fair value allocated to net assets acquired	$	8,070	$	30,832	$	18,781	$	14,000	$	58,330	$	18,100	$	148,113

Schedule of consideration transferred and the estimated fair value of identified assets acquired and liabilities

The following table summarizes the consideration transferred and the estimated fair value of identified assets acquired and liabilities assumed at the date of acquisition (in thousands):


Purchase price allocation	Amount
Consideration transferred
Cash paid	$	8,070
Total consideration transferred		8,070
Less: identifiable assets acquired
Working capital		(285)
Property and equipment		8,291
Customer relationships		535
Long-term ARO		(471)
Total identifiable net assets acquired	$	8,070

Schedule of consideration transferred and the estimated fair value of identified assets acquired and liabilities

The following table summarizes the consideration transferred and the estimated fair value of identified assets acquired and liabilities assumed at the date of acquisition (in thousands):


Purchase price allocation	Amount
Consideration transferred
Cash paid	$	30,832
Total consideration transferred		30,832
Less: identifiable assets acquired
Working capital		(408)
Property and equipment		41,706
Right-of-use assets		182
Long-term ARO		(10,149)
Long-term lease liabilities		(499)
Total identifiable net assets acquired		30,832
Fair value allocated to net assets acquired	$	30,832

Schedule of consideration transferred and the estimated fair value of identified assets acquired and liabilities

The following table summarizes the consideration transferred and the estimated fair value of identified assets acquired and liabilities assumed at the date of acquisition (in thousands):


Purchase price allocation	Amount
Consideration transferred
Purchase consideration	$	18,781
Total consideration transferred		18,781
Less: identifiable assets acquired and liabilities assumed
Working capital		752
Property and equipment		19,665
Customer relationships		4,100
Deferred tax liabilities		(2,393)
Long-term ARO		(6,898)
Total identifiable net assets acquired		15,226
Goodwill		3,555
Fair value allocated to net assets acquired	$	18,781

Schedule of consideration transferred and the estimated fair value of identified assets acquired and liabilities

The following table summarizes the consideration transferred and the estimated fair value of identified assets acquired and liabilities assumed at the date of acquisition (in thousands):


Purchase price allocation	Amount
Consideration transferred
Cash paid	$	14,000
Total consideration transferred		14,000
Less: identifiable assets acquired and liabilities assumed
Working capital		(3,974)
Property and equipment		21,876
Long-term ARO		(3,902)
Total identifiable net assets acquired		14,000
Goodwill		—
Fair value allocated to net assets acquired	$	14,000

Schedule of consideration transferred and the estimated fair value of identified assets acquired and liabilities

The following table summarizes the consideration transferred and the estimated fair value of identified assets acquired and liabilities assumed at the date of acquisition (in thousands):


Purchase price allocation	Amount
Consideration transferred
Cash paid	$	58,330
Total consideration transferred		58,330
Less: identifiable assets acquired and liabilities assumed
Working capital		(1,428)
Property and equipment		44,613
Right-of-use assets		1,028
Customer relationships		10,240
Long-term ARO		(2,569)
Long-term lease liabilities		(956)
Total identifiable net assets acquired		50,928
Goodwill		7,402
Fair value allocated to net assets acquired	$	58,330

Schedule of consideration transferred and the estimated fair value of identified assets acquired and liabilities

The following table summarizes the consideration transferred and the estimated fair value of identified assets acquired and liabilities assumed at the date of acquisition (in thousands):


Purchase price allocation	Amount
Consideration transferred
Cash paid	$	18,100
Total consideration transferred		18,100
Less: identifiable assets acquired and liabilities assumed
Working capital		(500)
Property and equipment		8,266
Customer relationships		8,230
Long-term ARO		(471)
Total identifiable net assets acquired		15,525
Goodwill		2,575
Fair value allocated to net assets acquired	$	18,100

Schedule of consideration transferred and the estimated fair value of identified assets acquired and liabilities

The following table summarizes the consideration transferred and the estimated fair value of identified assets acquired and liabilities assumed as of the date of acquisition (in thousands):


Purchase price allocation	Amount
Consideration transferred
Class A common stock (9,181,144 shares)⁽¹⁾	$	88,188
Cash paid		16,701
Total consideration transferred		104,889
Less: identifiable assets acquired and liabilities assumed
Working capital		22,444
Property and equipment		69,506
Right-of-use assets		180
Customer relationships		40,060
Other long-term assets		120
Long-term debt		(1,979)
Long-term lease liabilities		(125)
Noncontrolling interest⁽²⁾		(30,000)
Total identifiable net assets acquired		100,206
Goodwill		4,683
Fair value allocated to net assets acquired	$	104,889

(1)

During the year ended December 31, 2023, the parties agreed that 46,888 shares of Class A common stock would be returned to Select related to working capital adjustments. These shares were cancelled in 2023.

(2)

The noncontrolling interests acquired on November 1, 2022 were subsequently purchased on December 2, 2022, thereby giving the Company 100% ownership of BSRS.

Schedule of consideration transferred and the estimated fair value of identified assets acquired and liabilities

The following table summarizes the consideration transferred and the estimated fair value of identified assets acquired and liabilities assumed as of the date of acquisition (in thousands):


Purchase price allocation	Amount
Consideration transferred	(in thousands)
Class A common stock (952,753 shares)	$	9,194
Total consideration transferred		9,194
Less: identifiable assets acquired and liabilities assumed
Working capital		(42)
Property and equipment		8,192
Customer relationships		3,894
Long-term ARO		(2,850)
Total identifiable net assets acquired		9,194
Fair value allocated to net assets acquired	$	9,194

Schedule of consideration transferred and the estimated fair value of identified assets acquired and liabilities

The following table summarizes the consideration transferred and the estimated fair value of identified assets acquired and liabilities assumed as of the date of acquisition (in thousands):


Purchase price allocation	Amount
Consideration transferred	(in thousands)
Class A common stock (4,203,323 shares)	$	35,854
Total consideration transferred		35,854
Less: identifiable assets acquired and liabilities assumed
Working capital		6,893
Property and equipment		65,780
Right-of-use assets		2,931
Other long-term assets		100
Long-term debt		(18,780)
Long-term ARO		(12,980)
Other long-term liabilities		(1,439)
Total identifiable net assets acquired		42,505
Bargain Purchase Gain		(6,651)
Fair value allocated to net assets acquired, net of bargain purchase gain	$	35,854