Following is a listing of useful lives for other property and equipment:
Useful Life
Buildings
39 years
Carbon capture, utilization, and sequestration
12 years
Furniture, fixtures, equipment, vehicles, and other
5 years
Computer hardware and software
3 to 5 years
Leasehold improvements
7 to 10 years
Midstream assets consisted of the following:
December 31,
(in thousands)20252024
Compressor station$33,752 $33,461 
Meter station67 67 
Pipelines244,155 243,116 
Total277,974 276,644 
Accumulated depreciation(23,770)(17,285)
Midstream assets, net$254,204 $259,359 
Other property and equipment consisted of the following:
December 31,
(in thousands)20252024
Carbon capture, utilization, and sequestration$114,261 $69,743 
Buildings6,746 15,707 
Furniture, fixtures, equipment, and vehicles22,408 19,306 
Computer software8,461 5,595 
Leasehold improvements1,685 1,685 
Land3,090 3,090 
Construction in process6,350 3,575 
Total163,001 118,701 
Accumulated depreciation(25,262)(21,401)
Other property and equipment, net$137,739 $97,300 
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Historical Timeline

Fiscal YearFiled
2025Mar 6, 2026Showing above
2024Mar 31, 2025

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.