Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT (Tables)

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PROPERTY AND EQUIPMENT (Tables)
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment
Property and equipment consist of the following:
Property and Equipment
December 31, 2023 December 31, 2022
Land $ 22,561,080  $ 24,989,784 
Crude oil pipelines 29,226,307  185,047,367 
Natural gas pipeline —  105,322,987 
Right-of-way agreements 16,922,336  87,206,374 
Pipeline related facilities 5,490,639  42,647,864 
Tanks 6,227,632  33,092,825 
Construction work in progress 98,822  10,495,266 
Vehicles and trailers and other equipment 985,415  2,684,993 
Office equipment and computers 660,718  1,569,698 
Gross property and equipment $ 82,172,949  $ 493,057,158 
Less: accumulated depreciation (87,102) (52,908,191)
Net property and equipment $ 82,085,847  $ 440,148,967 
Held-for-sale property and equipment consist of the following:
Property and Equipment
December 31, 2023
Land $ 686,330 
Natural gas pipeline 105,387,405 
Right-of-way agreements 22,047,174 
Vehicles, trailers and other equipment 880,447 
Office equipment and computers 268,560 
Construction work in process 38,405 
Gross Property and equipment $ 129,308,321 
Less: accumulated depreciation (30,077,502)
Net property and equipment $ 99,230,819