Fixed Assets, Mineral Leaseholds, and Asset Retirement Obligations (Tables)

3 Months Ended

Mar. 31, 2025

Fixed Assets And Asset Retirement Obligations [Abstract]

Schedule of Fixed Assets

Fixed assets consisted of the following: 

	March 31, 2025		December 31, 2024
Crude oil and natural gas pipelines and related assets	$	3,434,423	$	3,367,908
Onshore facilities, machinery and equipment	289,576		293,436
Transportation equipment	22,957		22,976
Marine vessels	1,071,235		1,062,720
Land, buildings and improvements	88,545		88,545
Office equipment, furniture and fixtures	10,152		10,101
Construction in progress(1)	375,424		408,509
Other	26,665		26,665
Fixed assets, at cost	5,318,977		5,280,860
Less: Accumulated depreciation	(1,783,100)		(1,740,974)
Net fixed assets	$	3,535,877	$	3,539,886

Schedule of Depreciation and Depletion Expense

Our depreciation expense for the periods presented was as follows:

	Three Months Ended March 31,
	2025		2024
Depreciation expense	$	53,600	$	46,932

Schedule of Change in Asset Retirement Obligation

The following table presents information regarding our AROs since December 31, 2024:

ARO liability balance, December 31, 2024	$	254,054
Accretion expense	2,841
Settlements	(9)
ARO liability balance, March 31, 2025	$	256,886