Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets, Net

Intangible assets, net consisted of the following as of September 30, 2024 and December 31, 2023 (in thousands):

	September 30, 2024		December 31, 2023
Intangible assets, at cost:
Saltwater disposal easement	$	17,557	$	17,557
Contracts acquired in a business combination (1)	15,700		—
Groundwater rights acquired	3,846		3,846
Total intangible assets, at cost (2)	37,103		21,403
Less: accumulated amortization	(1,330)		(378)
Intangible assets, net	$	35,773	$	21,025

(1)See further discussion in Note 3, “Assets Acquired in a Business Combination.”

(2)The remaining weighted average amortization period for total intangible assets was 15.8 years as of September 30, 2024.