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Intangibles and Goodwill
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangibles and Goodwill

8. INTANGIBLES AND GOODWILL

The components of intangibles, net are as follows (in thousands):

 

 

 

 

December 31,

 

 

 

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

Accumulated Amortization

 

 

 

 

 

Accumulated Amortization

 

 

 

Useful life in years

 

Gross Carrying Value

 

 

and Impairment

 

 

Gross Carrying Value

 

 

and Impairment

 

Acquired trade secrets

 

2-20

 

$

4,278

 

 

$

3,545

 

 

$

4,278

 

 

$

3,334

 

Acquired patents and technology

 

4-15

 

 

14,907

 

 

 

12,883

 

 

 

15,628

 

 

 

13,159

 

Agreements not to compete

 

2-5

 

 

1,149

 

 

 

1,036

 

 

 

1,149

 

 

 

1,036

 

Acquired trade names and trademarks

 

Indefinite

 

 

4,624

 

 

 

11

 

 

 

4,624

 

 

 

11

 

Total intangibles, net

 

 

 

$

24,958

 

 

$

17,475

 

 

$

25,679

 

 

$

17,540

 

Our estimated amortization expense relating to these intangibles for the next five years is summarized in the following table (in thousands):

 

 

December 31, 2022

 

2023

 

$

419

 

2024

 

$

409

 

2025

 

$

323

 

2026

 

$

231

 

2027

 

$

193

 

The carrying amount of goodwill for each operating segment is as follows (in thousands):

 

 

Reservoir

 

 

Production

 

 

 

 

 

 

Description

 

 

Enhancement

 

 

Total

 

Balance at December 31, 2021

 

$

99,445

 

 

$

 

 

$

99,445

 

Balance at December 31, 2022

 

$

99,445

 

 

$

 

 

$

99,445