| Schedule of business combination and asset acquisition |
| | | | | | | | | | | | Assets and Operations Acquired | | | Acquisition Date | | Cash Consideration | | Acquisition related costs for Asset Acquisitions | | Total Consideration | | Segments | Three Smaller Asset Acquisitions | | | Multiple 2025 Dates | $ | 13,080 | $ | — | $ | 13,080 | | Water Infrastructure | Eight Smaller Asset Acquisitions | | | Multiple 2024 Dates | | 14,591 | | 31 | | 14,622 | | Water Infrastructure | Bobcat | | | April 18, 2024 | | 8,070 | | — | | 8,070 | | Water Infrastructure | Trinity | | | April 1, 2024 | | 30,832 | | — | | 30,832 | | Water Infrastructure | Buckhorn | | | March 1, 2024 | | 18,781 | | — | | 18,781 | | Water Infrastructure | Iron Mountain Energy | | | January 8, 2024 | | 14,000 | | — | | 14,000 | | Water Infrastructure | Tri-State Water Logistics | | | January 3, 2024 | | 58,330 | | — | | 58,330 | | Water Infrastructure | Rockies produced water gathering and disposal infrastructure | | | January 1, 2024 | | 18,100 | | — | | 18,100 | | Water Infrastructure | Total | | | | $ | 175,784 | $ | 31 | $ | 175,815 | | |
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| Schedule of consideration transferred and the estimated fair value of identified assets acquired and liabilities assumed |
| | | | | | | | | | | | | | | | | | | | | | Purchase price allocation | | | Bobcat | | | Trinity | | | Buckhorn | | | Iron Mountain Energy | | | Tri-State Water Logistics | | | Rockies Infrastructure | | | Total 2024 Acquisitions | | | | (in thousands) | Consideration transferred | | | | | | | | | Cash consideration(1) | | $ | 8,070 | | $ | 30,832 | | $ | 18,781 | | $ | 14,000 | | $ | 58,330 | | $ | 18,100 | | $ | 148,113 | Total consideration transferred | | | 8,070 | | | 30,832 | | | 18,781 | | | 14,000 | | | 58,330 | | | 18,100 | | | 148,113 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Less: identifiable assets acquired and liabilities assumed | | | | | | | | | | | | | | | | | | | | | | Working capital | | | (285) | | | (408) | | | 752 | | | (3,974) | | | (1,428) | | | (500) | | | (5,843) | Property and equipment | | | 8,291 | | | 41,706 | | | 19,665 | | | 21,876 | | | 44,613 | | | 8,266 | | | 144,417 | Right-of-use assets | | | — | | | 182 | | | — | | | — | | | 1,028 | | | — | | | 1,210 | Customer relationships | | | 535 | | | — | | | 4,100 | | | — | | | 10,240 | | | 8,230 | | | 23,105 | Deferred tax liabilities | | | — | | | — | | | (2,393) | | | — | | | — | | | — | | | (2,393) | Long-term ARO | | | (471) | | | (10,149) | | | (6,898) | | | (3,902) | | | (2,569) | | | (471) | | | (24,460) | Long-term lease liabilities | | | — | | | (499) | | | — | | | — | | | (956) | | | — | | | (1,455) | Total identifiable net assets acquired | | | 8,070 | | | 30,832 | | | 15,226 | | | 14,000 | | | 50,928 | | | 15,525 | | | 134,581 | Goodwill | | | — | | | — | | | 3,555 | | | — | | | 7,402 | | | 2,575 | | | 13,532 | Fair value allocated to net assets acquired | | $ | 8,070 | | $ | 30,832 | | $ | 18,781 | | $ | 14,000 | | $ | 58,330 | | $ | 18,100 | | $ | 148,113 |
| (1) | During the Current Quarter, the Company paid $0.9 million to the Buckhorn sellers in connection with the release of an indemnity holdback that was determined to be no longer necessary. |
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