Commitments and Contingencies (Tables)

9 Months Ended

Dec. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Schedule of change in asset retirement obligation

The following table summarizes changes in our asset retirement obligation, which is reported within other noncurrent liabilities in our unaudited condensed consolidated balance sheets (in thousands):

Balance at March 31, 2021	$	28,079
Liabilities incurred	1,813
Liabilities associated with disposed assets (1)	(1,633)
Accretion expense	1,272
Balance at December 31, 2021	$	29,531

(1)    Relates primarily to the disposition of Sawtooth (see Note 15).

Schedule of future minimum payments under pipeline capacity agreements

The following table summarizes future minimum throughput payments under these agreements at December 31, 2021 (in thousands):

Fiscal Year Ending March 31,
2022 (three months)	$	8,708
2023	35,314
2024	35,410
2025	30,897
Total	$	110,329

Schedule of outstanding purchase commitments

At December 31, 2021, we had the following commodity purchase commitments (in thousands):

	Crude Oil (1)			Natural Gas Liquids
	Value		Volume (in barrels)	Value		Volume (in gallons)
Fixed-Price Commodity Purchase Commitments:
2022 (three months)	$	128,709	1,818	$	12,646	14,472
2023	—		—	6,278		7,812
2024	—		—	4,588		6,048
Total	$	128,709	1,818	$	23,512	28,332
Index-Price Commodity Purchase Commitments:
2022 (three months)	$	1,146,503	15,880	$	437,705	367,994
2023	2,506,678		37,234	30,002		30,206
2024	1,823,070		29,473	15,619		25,200
2025	1,345,043		22,775	—		—
2026	570,834		10,411	—		—
Total	$	7,392,128	115,773	$	483,326	423,400

(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. As these purchase commitments are deliver-or-pay contracts, whereby our counterparty is required to pay us for any volumes not delivered, we have not entered into corresponding long-term sales contracts for volumes we may not receive.

Schedule of outstanding sale commitments

At December 31, 2021, we had the following commodity sale commitments (in thousands):

	Crude Oil			Natural Gas Liquids
	Value		Volume (in barrels)	Value		Volume (in gallons)
Fixed-Price Commodity Sale Commitments:
2022 (three months)	$	126,951	1,798	$	112,214	94,382
2023	—		—	28,853		30,897
2024	—		—	7,844		9,693
2025	—		—	46		50
Total	$	126,951	1,798	$	148,957	135,022
Index-Price Commodity Sale Commitments:
2022 (three months)	$	1,049,611	13,910	$	510,948	363,161
2023	1,120,340		15,797	31,109		23,416
2024	669,274		10,248	—		—
2025	632,963		10,220	—		—
2026	23,617		389	—		—
Total	$	3,495,805	50,564	$	542,057	386,577

Schedule of future minimum payments under contractual commitments

The following table summarizes future minimum payments under these agreements at December 31, 2021 (in thousands):

Fiscal Year Ending March 31,
2022 (three months)	$	2,429
2023	7,240
2024	5,786
2025	1,183
2026	1,164
2027	1,156
Thereafter	5,396
Total	$	24,354