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Contract Assets (Tables)
 9 Months Ended
Sep. 30, 2022
Revenue Recognition [Abstract]  
Schedule of outstanding contract assets
Contract assets are as follows (in thousands):
September 30, 2022December 31, 2021
Contract assets$83,060 $— 
Less accumulated amortization(1,986)— 
Contract assets, net$81,074 $— 
The below table reflects our estimated amortization per year (in thousands) based on the Company’s current forecasted revenues from the ProFrac Agreements.
Years ending December 31,Amortization
2022 (excluding the nine months ended September 30, 2022 )
$1,451 
20237,918 
20248,692 
20258,692 
20268,692 
Thereafter through May 203245,629 
Total contract assets$81,074