Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.21.2
Property and Equipment
 6 Months Ended
Jun. 30, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT PROPERTY AND EQUIPMENT
Property and equipment consist of the following:
Property and Equipment
June 30, 2021 December 31, 2020
Land $ 24,989,784  $ 686,330 
Crude oil pipelines 157,665,855  — 
Natural gas pipeline 104,847,205  104,869,418 
Right-of-way agreements 104,466,374  22,041,047 
Tanks 30,424,318  — 
Station and pumping equipment 24,623,220  — 
Other pipeline accessories and property 12,389,857  — 
Construction work in progress 7,695,640  220,157 
Vehicles, trailers and other equipment 1,828,330  719,897 
Communication systems 1,806,458  — 
Office equipment and computers 1,141,505  268,559 
Leasehold improvements 431,253  — 
Buildings 121,237  — 
Gross property and equipment $ 472,431,036  $ 128,805,408 
Less: accumulated depreciation (28,973,654) (22,580,810)
Net property and equipment $ 443,457,382  $ 106,224,598 
Depreciation expense was $3.7 million and $6.4 million for the three and six months ended June 30, 2021, respectively, and $844 thousand and $1.7 million for the three and six months ended June 30, 2020, respectively.