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Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

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Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] Ìý
Schedule of Intangible Assets, Net
Intangible assets, net consisted of the following as of June 30, 2024 and December 31, 2023 (in thousands):

Ìý June 30,
2024
December 31,
2023
Intangible assets, at cost: Ìý Ìý
Saltwater disposal easement $ 17,557Ìý $ 17,557Ìý
Groundwater rights acquired 3,846Ìý 3,846Ìý
Total intangible assets, at cost (1)
21,403Ìý 21,403Ìý
Less: accumulated amortization (946) (378)
Intangible assets, net $ 20,457Ìý $ 21,025Ìý
(1)The remaining weighted average amortization period for total intangible assets was 18.3 years as of June 30, 2024.