Aris Water Solutions, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2023


(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 year ended December 31, 2023, 85,471 of these shares were released and returned to the Company for the reimbursement of certain post-acquisition workover costs. See Note 12. Stockholders’ and Members’ Equity for further details.

(2)

As of December 31, 2023 and 2022, liabilities for contingent consideration of $1.2 million and $1.3 million are included in “Accrued and Other Current Liabilities,” respectively, on the consolidated balance sheet, and liabilities for contingent consideration of $2.1 million and $2.7 million are included in “Other Long-Term Liabilities,” respectively, on the consolidated balance sheet.