| Schedule of Property, Plant and Equipment, Net |
As of June 30, 2026 and December 31, 2025, property, plant and equipment, net of accumulated depreciation, depletion, and amortization consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
June 30,
2026 |
|
|
December 31,
2025 |
|
Wells, pipelines, facilities, ponds and related equipment |
|
$ |
2,267,231 |
|
|
$ |
2,142,478 |
|
Brackish water wells, facilities, ponds and related equipment |
|
|
39,939 |
|
|
|
39,002 |
|
Gas pipelines, related equipment and other |
|
|
35,175 |
|
|
|
35,175 |
|
Buildings, vehicles, equipment, furniture and other |
|
|
127,605 |
|
|
|
118,347 |
|
Waste facilities and related equipment |
|
|
32,720 |
|
|
|
29,213 |
|
Land |
|
|
16,985 |
|
|
|
16,985 |
|
Construction in progress |
|
|
290,091 |
|
|
|
146,589 |
|
Total property, plant and equipment |
|
|
2,809,746 |
|
|
|
2,527,789 |
|
Less: Accumulated depreciation, depletion, and amortization |
|
|
(332,384 |
) |
|
|
(242,253 |
) |
Total property, plant and equipment, net |
|
$ |
2,477,362 |
|
|
$ |
2,285,536 |
|
|
| Schedule of Depreciation, Depletion and Amortization |
Depreciation, depletion and amortization expense attributable to property, plant and equipment are as follows for the three and six months ended June 30, 2026 and 2025:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
June 30, |
|
|
Six Months Ended
June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Depreciation expense |
|
$ |
46,156 |
|
|
$ |
18,581 |
|
|
$ |
89,748 |
|
|
$ |
37,039 |
|
Amortization expense |
|
|
1,068 |
|
|
|
507 |
|
|
|
2,101 |
|
|
|
1,038 |
|
Depletion expense |
|
|
832 |
|
|
|
- |
|
|
|
1,176 |
|
|
|
- |
|
Total depreciation, depletion, and amortization expense |
|
$ |
48,056 |
|
|
$ |
19,088 |
|
|
$ |
93,025 |
|
|
$ |
38,077 |
|
|