| Summary of Property, Plant, and Equipment |
Property, plant, and equipment at March 31, 2026 and December 31, 2025 consisted of the following:
|
|
|
|
|
|
|
|
|
(in thousands) |
|
March 31, 2026 |
|
|
December 31, 2025 |
|
Depreciable property, plant and equipment |
|
|
|
|
|
|
Furniture and fixtures |
|
$ |
240 |
|
|
$ |
240 |
|
Vehicles |
|
|
886 |
|
|
|
886 |
|
Buildings |
|
|
388 |
|
|
|
388 |
|
Leasehold improvements |
|
|
2,076 |
|
|
|
2,076 |
|
Machinery and equipment |
|
|
29,536 |
|
|
|
29,162 |
|
Pipelines and pits |
|
|
3,999 |
|
|
|
3,768 |
|
Total depreciable property, plant and equipment, gross |
|
|
37,125 |
|
|
|
36,520 |
|
Accumulated depreciation |
|
|
(5,272 |
) |
|
|
(4,120 |
) |
Total depreciable property, plant and equipment, net |
|
|
31,853 |
|
|
|
32,400 |
|
Non-depreciable property, plant and equipment |
|
|
|
|
|
|
Land |
|
|
23,151 |
|
|
|
23,154 |
|
Construction in progress |
|
|
101 |
|
|
|
32 |
|
Total non-depreciable property, plant and equipment |
|
|
23,252 |
|
|
|
23,186 |
|
Total property, plant and equipment, net |
|
$ |
55,105 |
|
|
$ |
55,586 |
|
|