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Intangible Assets, net (Tables)

12 Months Ended

Dec. 31, 2020

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of finite-lived intangible assets

Acquired finite-lived intangible assets are amortized on a straight-line basis over the following periods:


						Estimated Useful Life (Years)
Developed technology						13

In 2020, the Company recorded an impairment loss of $5,115 to fully write down the value of its long-lived assets in the Permian basin as it has no intentions to develop these properties in the foreseeable future.

The following table reflects the changes in the net carrying amounts of the Company’s intangible assets for the year ended December 31, 2020.


	Balance at December 31, 2019		Assets Acquired Pursuant to Business Combination		Impairment Charges		Amortization Expense		Balance at December 31, 2020
Developed technology	$	9,046	$	—	$	—	$	793	$	8,253
	$	9,046	$	—	$	—	$	793	$	8,253

The following table reflects the changes in the net carrying amounts of the Company’s finite-lived intangible assets for the year ended December 31, 2019.


	Balance at December 31, 2018		Assets Acquired Pursuant to Business Combination		Impairment Charges		Amortization Expense		Balance at December 31, 2019
Developed technology	$	17,956	$	—	$	7,628	$	1,282	$	9,046
Customer relationships	112		—		—		112		—
	$	18,068	$	—	$	7,628	$	1,394	$	9,046

Schedule of future amortization of finite lived intangible assets

The table below reflects the future estimated amortization expense for amortizable intangible assets as of December 31, 2020.


Year ending December 31,
2021	$	792
2022	792
2023	792
2024	792
2025	792
Thereafter	4,293
Total	$	8,253