Commitments and Contingencies (Tables)
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3 Months Ended |
Jun. 30, 2026 |
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| Commitments and Contingencies Disclosure [Abstract] |
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| Schedule of change in asset retirement obligation |
The following table summarizes changes in our asset retirement obligations, which is reported within other noncurrent liabilities in our unaudited condensed consolidated balance sheets (in thousands): | | | | | | | Asset retirement obligations at March 31, 2026 | $ | 76,308 | | | Liabilities incurred | 772 | | | | | Liabilities settled | (580) | | | Accretion expense | 1,376 | | | Asset retirement obligations at June 30, 2026 | $ | 77,876 | |
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| Schedule of outstanding purchase commitments |
At June 30, 2026, we had the following commodity purchase commitments: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Crude Oil (1) | | Natural Gas Liquids | | | Value | | Volume
(in barrels) | | Value | | Volume
(in gallons) | | | (in thousands) | | Fixed-Price Commodity Purchase Commitments: | | | | | | | | | | Year Ending March 31, | | | | | | | | | | 2027 (nine months) | | $ | 25,513 | | | 295 | | | $ | 12,607 | | | 16,446 | | | 2028 | | — | | | — | | | 1,291 | | | 1,890 | | | Total | | $ | 25,513 | | | 295 | | | $ | 13,898 | | | 18,336 | | | | | | | | | | | | Index-Price Commodity Purchase Commitments: | | | | | | | | | | Year Ending March 31, | | | | | | | | | | 2027 (nine months) | | $ | 678,226 | | | 10,644 | | | $ | 569,756 | | | 655,099 | | | 2028 | | 346,629 | | | 6,805 | | | 21,600 | | | 25,410 | | | 2029 | | 159,513 | | | 3,890 | | | — | | | — | | | 2030 | | 157,508 | | | 3,890 | | | — | | | — | | | 2031 | | 157,072 | | | 2,627 | | | — | | | — | | | 2032 | | 154,504 | | | 2,634 | | | — | | | — | | | Thereafter | | 392,954 | | | 7,009 | | | — | | | — | | | Total | | $ | 2,046,406 | | | 37,499 | | | $ | 591,356 | | | 680,509 | |
(1) Our crude oil index-price purchase commitments exceed our crude oil index-price sales commitments (presented below) due primarily to our long-term purchase commitments for crude oil that we purchase and ship on the Grand Mesa Pipeline.
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| Schedule of outstanding sale commitments |
At June 30, 2026, we had the following commodity sale commitments: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Crude Oil | | Natural Gas Liquids | | | Value | | Volume
(in barrels) | | Value | | Volume
(in gallons) | | | (in thousands) | | Fixed-Price Commodity Sale Commitments: | | | | | | | | | | Year Ending March 31, | | | | | | | | | | 2027 (nine months) | | $ | 25,777 | | | 295 | | | $ | 45,913 | | | 46,080 | | | 2028 | | — | | | — | | | 1,562 | | | 2,120 | | | 2029 | | — | | | — | | | 19 | | | 19 | | | 2030 | | — | | | — | | | 19 | | | 19 | | | | | | | | | | | | Total | | $ | 25,777 | | | 295 | | | $ | 47,513 | | | 48,238 | | | | | | | | | | | | Index-Price Commodity Sale Commitments: | | | | | | | | | | Year Ending March 31, | | | | | | | | | | 2027 (nine months) | | $ | 584,536 | | | 8,243 | | | $ | 469,998 | | | 448,637 | | | 2028 | | 87,774 | | | 1,327 | | | 85,188 | | | 21,549 | | | 2029 | | 81,554 | | | 1,263 | | | — | | | — | | | 2030 | | 76,908 | | | 1,263 | | | — | | | — | | | Total | | $ | 830,772 | | | 12,096 | | | $ | 555,186 | | | 470,186 | |
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| Schedule of future minimum payments under contractual commitments |
The following table summarizes future minimum payments under these agreements at June 30, 2026 (in thousands): | | | | | | | Year Ending March 31, | | | 2027 (nine months) | $ | 7,188 | | | 2028 | 4,884 | | | 2029 | 2,736 | | | 2030 | 1,710 | | | 2031 | 1,454 | | | 2032 | 70 | | | Thereafter | 1,120 | | | Total | $ | 19,162 | |
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