Resource Extraction Payment Report
Government-level disclosure
The table below sets forth our payments made to governments for the fiscal year ended December 31, 2023, by government and type of payment.
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| (USD, $ in thousands) | | | | | | | | | | | | | | | | | | |
| Country | | Payee | | Taxes | | Royalties | | Fees | | Production Entitlements | | Bonuses | | Dividends | | Payments for infrastructure improvements | | Community and social responsibility payments | | Total |
| United States | | U.S. Federal Government | | $ | 53,038 | | (1) | — | | | — | | | — | | | — | | | — | | | — | | | — | | | $ | 53,038 | |
| Total | | | | $ | 53,038 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 53,038 | |
(1) Liberty Energy Inc. (the “Company”) files a consolidated income tax return and is the entity that made the payments. The U.S. Federal Government levies corporate income taxes at the entity level rather than on a per-project basis. Accordingly, the Company has disclosed payments of taxes at the entity level. The payments relate not to particular projects but to the U.S. consolidated taxable income of the Company. The Company’s operations are organized into a single reportable segment, which consists of hydraulic fracturing and related goods and services. The Company’s wholly owned subsidiary, Freedom Proppant, LLC, is engaged in the commercial development of open-pit mining and refining frac sand in the Permian Basin in the State of Texas.
