Quarterly report pursuant to Section 13 or 15(d)

PROPERTY, PLANT AND EQUIPMENT

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PROPERTY, PLANT AND EQUIPMENT
 3 Months Ended
Mar. 31, 2023
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT
NOTE 3 — PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment consist of the following (in thousands):
March 31, 2023 December 31, 2022
Upstream natural gas assets:
Proved properties $ 436,927  $ 412,977 
Wells in progress 102,239  55,374 
Accumulated DD&A (113,803) (92,423)
Total upstream natural gas assets, net 425,363  375,928 
Driftwood Project assets:
Driftwood terminal construction in progress 350,739  292,734 
Land and land improvements 53,664  52,460 
Finance lease assets, net of accumulated DD&A 56,415  56,708
Buildings and other assets, net of accumulated DD&A 333 340 
Total Driftwood Project assets, net 461,151  402,242 
Fixed assets and other:
Finance lease assets, net of accumulated DD&A 72,563  — 
Leasehold improvements and other assets 14,462  12,672 
Accumulated DD&A (2,473) (1,766)
Total fixed assets and other, net 84,552  10,906 
Total property, plant and equipment, net $ 971,066  $ 789,076 
Driftwood Terminal Construction in Progress
During the three months ended March 31, 2023, we capitalized approximately $58.0 million of directly identifiable project costs as construction in progress, inclusive of approximately $3.5 million in capitalized interest.