Quarterly report pursuant to Section 13 or 15(d)

PROPERTY, PLANT AND EQUIPMENT

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PROPERTY, PLANT AND EQUIPMENT
 6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT
NOTE 3 — PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment, net consist of the following (in thousands):
June 30, 2024 December 31, 2023
Driftwood Project assets:
Terminal construction in progress $ 553,026  $ 533,316 
Pipeline construction in progress 48,607  35,939 
Land and land improvements 53,664  53,664 
Finance lease assets, net of accumulated DD&A 54,947  55,534 
Buildings and other assets, net of accumulated DD&A 295  310 
Total Driftwood Project assets, net 710,539  678,763 
Fixed assets and other:
Finance lease assets, net of accumulated DD&A 69,444  70,691 
Leasehold improvements and other assets, net of accumulated DD&A 8,036  10,196 
Total fixed assets and other, net 77,480  80,887 
Total property, plant and equipment, net $ 788,019  $ 759,650 
Driftwood Project Construction in Progress
During the six months ended June 30, 2024, we capitalized approximately $19.6 million and $12.8 million of directly identifiable project costs as Driftwood terminal construction in progress and Pipeline construction in progress, respectively.