Aris Water Solutions, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment (Tables)

Property, Plant and Equipment (Tables)

9 Months Ended

Sep. 30, 2023


(in thousands)	September 30,		December 31,
	2023		2022
Wells, Facilities, Water Ponds and Related Equipment	$	528,103	$	437,894
Pipelines		413,092		363,577
Vehicles, Equipment, Computers and Office Furniture		24,091		20,219
Assets Subject to Depreciation		965,286		821,690
Land		463		463
Projects and Construction in Progress		55,767		85,631
Total Property, Plant and Equipment		1,021,516		907,784
Accumulated Depreciation		(112,151)		(88,681)
Total Property, Plant and Equipment, Net	$	909,365	$	819,103

Schedule of purchase price allocation


(in thousands, except share and per share amounts)
Equity Consideration
Number of Class A Shares Issued ⁽¹⁾		3,365,907
Fair Value Per Share on Transaction Closing Date	$	21.16
Total Fair Value of Equity Consideration	$	71,223
Fair Value of Contingent Consideration ⁽²⁾		3,899
Total Fair Value of Consideration	$	75,122

Purchase Price Allocation
Produced Water Handling Facilities	$	72,736
Gathering Systems and Pipelines		2,716
Total Fair Value of Property Acquired		75,452
Less: ARO Liabilities Assumed		(330)
Total Purchase Price Allocation	$	75,122

(1)

A portion of these shares are held in escrow and are released pursuant to the terms and conditions of the asset purchase agreement with Delaware Energy. During the three months ended September 30, 2023, 68,918 of these shares were released and returned to the Company for the reimbursement of certain post-acquisition workover costs. See Note 9. Stockholders’ Equity for further details.

(2)

As of September 30, 2023 and December 31, 2022, liabilities for contingent consideration of $1.2 million and $1.3 million are included in “Accrued and Other Current Liabilities,” respectively, on the condensed consolidated balance sheet, and liabilities for contingent consideration of $2.2 million and $2.7 million are included in “Other Long-Term Liabilities,” respectively, on the condensed consolidated balance sheet.