Property, plant and equipment, net, consisted of the following (in thousands):


	June 30, 2024			December 31, 2023
Plant facilities associated with productive, depletable properties	$	354,754		$	243,618
Plant equipment		667,950			489,953
Land		5,377			3,197
Furniture and office equipment		4,167			2,362
Computer and network equipment		1,648			1,648
Buildings and leasehold improvements		43,221			32,558
Logistics equipment		82,240			48,139
Construction in progress		421,096			248,004
Property, plant and equipment		1,580,453			1,069,479
Less: Accumulated depreciation and depletion		(177,036	)		(134,819	)
Property, plant and equipment, net	$	1,403,417		$	934,660

Depreciation expense recognized in depreciation, depletion and accretion expense was $21.0 million and $35.7 million for the three and six months ended June 30, 2024, respectively. Depreciation expense recognized in depreciation, depletion and accretion expense was $8.0 million and $15.0 million for the three and six months ended June 30, 2023, respectively.

Depletion expense recognized in depreciation, depletion and accretion expense was $3.5 million and $6.0 million for the three and six months ended June 30, 2024, respectively. Depletion expense recognized in depreciation, depletion and accretion expense was $1.4 million and $2.9 million for the three and six months ended June 30, 2023, respectively.

Depreciation expense recognized in selling, general and administrative expense was $0.9 million and $1.7 million for the three and six months ended June 30, 2024, respectively. Depreciation expense recognized in selling, general and administrative expense was $0.4 million and $0.7 million for the three and six months ended June 30, 2023, respectively.

The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the asset’s carrying amount may not be recoverable. The Company conducts its long-lived asset impairment analyses in accordance with ASC 360-10-15, “Impairment or Disposal of Long-Lived Assets.” During the second quarter of 2024, the Company concluded it had a triggering event requiring an assessment for impairment as a result of the fire at one of the Kermit facilities that caused damage to the physical condition of the Kermit asset group.

The Company groups assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities and evaluates the asset group against the sum of the undiscounted future cash flows. If the undiscounted cash flows do not indicate the carrying amount of the asset group is recoverable, an impairment charge is measured as the amount by which the carrying amount of the asset group exceeds its fair value based on discounted cash flow analysis.

The Company performed a recoverability test and determined there was no impairment of the associated asset group for the three and six months ended June 30, 2024. The damaged assets from the fire had no remaining carrying value. The Company recorded a $11.1 million loss from the disposal which is recorded as a loss on disposal of assets on the condensed consolidated statements of operations.

The Company did not recognize impairment of long-lived assets or loss on disposal of assets for the three and six months ended June 30, 2023.