Commitments and Contingencies

6 Months Ended

Jun. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure

NOTE 11 - COMMITMENTS AND CONTINGENCIES

Commitments. We routinely enter into, extend or amend operating agreements in the ordinary course of business. We have long-term transportation, sales, processing and facility expansion agreements for pipeline capacity and water delivery and disposal commitments. There were no significant commitments entered into during the six months ended June 30, 2022, other than the commitments assumed as a result of the Great Western Acquisition, which included certain sales, transportation, gathering and processing contractual obligations. The aggregate committed volume and related amounts acquired as of June 30, 2022 are presented in the table below:

	Period ending June 30,
	2023		2024	2025		2026		2027		Thereafter		Total		Expiration Date for Thereafter
Natural gas (MMcf)	17,086		17,133	17,086		17,086		17,086		38,525		124,002		September 30, 2029
Natural gas (MMBtu)	6,726		6,726	6,744		6,726		6,726		1,695		35,343		September 30, 2027
Crude oil (MBbls)	14,174		13,847	11,111		7,300		1,840		—		48,272		N/A
Dollar commitment (in thousands)	$	77,197	76,447	$	66,815	$	56,545	$	44,492	$	57,362	$	378,858

For details of our existing commitments excluding the Great Western Acquisition, refer to Note 13 - Commitments and Contingencies in Item 8. Financial Statements and Supplementary Data included in our Form 10-K for the year ended December 31, 2021.

Litigation and Legal Items. We are involved in various legal proceedings. We review the status of these proceedings on an ongoing basis and, from time to time, may settle or otherwise resolve these matters on terms and conditions that management believes are in our best interests. We have provided the necessary estimated accruals in the accompanying condensed consolidated balance sheets where deemed appropriate for litigation and legal related items that are ongoing and not yet concluded. Although the results cannot be known with certainty, we currently believe that the ultimate results of such proceedings will not have a material adverse effect on our financial position, results of operations or liquidity.