Property, Plant and Equipment, Net

6 Months Ended

Jun. 30, 2022

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, Net

NOTE 8 – PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment consists of the following as of June 30, 2022 and December 31, 2021:

	June 30, 2022			December 31, 2021
Land	$	595		$	595
Buildings and improvements		29,078			28,693
Machinery and equipment		249,322			246,670
Gas mineral rights		34,551			34,551
Construction work in progress		13,631			12,725
Total		327,177			323,234
Less: Accumulated depreciation and amortization		(151,100	)		(142,341	)
Property, plant & equipment, net	$	176,077		$	180,893

Depreciation expense for property plant and equipment was $4,789 and $4,843 for the three months ended June 30, 2022 and 2021, respectively, and $9,599 and $9,798 for the six months ended June 30, 2022 and 2021, respectively. Amortization expense for gas mineral rights was $129 and $445 for the three months ended June 30, 2022 and 2021, respectively, and $257 and $936 for the six months ended June 30, 2022 and 2021, respectively.