Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.21.1
Property and Equipment
3 Months Ended
Mar. 31, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT PROPERTY AND EQUIPMENT
Property and equipment consist of the following:
Property and Equipment
March 31, 2021 December 31, 2020
Land $ 23,199,330  $ 686,330 
Crude oil pipelines 156,001,983  — 
Natural gas pipeline 104,845,781  104,869,418 
Right-of-way agreements 104,466,374  22,041,047 
Tanks 29,622,688  — 
Station and pumping equipment 24,617,680  — 
Other pipeline accessories and property 12,242,069  — 
Construction work in progress 6,051,938  220,157 
Vehicles, trailers and other equipment 2,041,878  719,897 
Communication systems 1,830,589  — 
Office equipment and computers 1,000,838  268,559 
Leasehold improvements 431,253  — 
Buildings 121,237  — 
Gross property and equipment $ 466,473,638  $ 128,805,408 
Less: accumulated depreciation (25,260,543) (22,580,810)
Net property and equipment $ 441,213,095  $ 106,224,598 
Depreciation expense was $2.7 million and $844 thousand for the three months ended March 31, 2021 and 2020, respectively.