PROPERTY, PLANT AND EQUIPMENT

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

NOTE 3 — PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment, net consist of the following (in thousands):

	March 31, 2024		December 31, 2023
Upstream natural gas assets:
Proved properties	$	501,413	$	492,506
Wells in progress	62,354		68,797
Accumulated DD&A	(207,199)		(187,171)
Total upstream natural gas assets, net	356,568		374,132
Driftwood Project assets:
Terminal construction in progress	538,748		533,316
Pipeline construction in progress	37,938		35,939
Land and land improvements	53,664		53,664
Finance lease assets, net of accumulated DD&A	55,240		55,534
Buildings and other assets, net of accumulated DD&A	302		310
Total Driftwood Project assets, net	685,892		678,763
Fixed assets and other:
Finance lease assets, net of accumulated DD&A	70,068		70,691
Leasehold improvements and other assets, net of accumulated DD&A	11,559		12,713
Total fixed assets and other, net	81,627		83,404
Total property, plant and equipment, net	$	1,124,087	$	1,136,299

Driftwood Project Construction in Progress

During the three months ended March 31, 2024, we capitalized approximately $5.4 million and $2.0 million of directly identifiable project costs as Driftwood terminal construction in progress and Pipeline construction in progress, respectively.