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Commitments and Contingencies (Tables)

3 Months Ended

Jun. 30, 2025

Commitments and Contingencies Disclosure [Abstract]

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, 2025			$	69,572
Liabilities incurred			1,153
Liabilities settled			(1,292)
Accretion expense			1,260
Asset retirement obligations at June 30, 2025			$	70,693

Schedule of outstanding purchase commitments

At June 30, 2025, 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,
2026 (nine months)						$	28,532					532						$	16,178					21,549
2027						—						—						4,075						5,796
2028						—						—						343						504
Total						$	28,532					532						$	20,596					27,849
Index-Price Commodity Purchase Commitments:
Year ending March 31,
2026 (nine months)						$	1,451,935					25,111						$	446,713					535,581
2027						101,059						2,935						21,768						24,360
2028						95,451						2,923						19,336						24,150
2029						30,367						1,820						—						—
2030						30,350						1,820						—						—
2031						32,260						557						—						—
Thereafter						116,048						2,045						—						—
Total						$	1,857,470					37,211						$	487,817					584,091

(1)    Our crude oil index-price purchase commitments exceed our crude oil index-price sales commitments (presented above) due primarily to our long-term purchase commitments for crude oil that we purchase and ship on the Grand Mesa Pipeline.

Schedule of outstanding sale commitments

At June 30, 2025, 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,
2026 (nine months)						$	28,674					528						$	45,406					44,150
2027						—						—						3,943						5,116
2028						—						—						317						419
2029						—						—						19						19
2030						—						—						19						19
Total						$	28,674					528						$	49,704					49,723
Index-Price Commodity Sale Commitments:
Year ending March 31,
2026 (nine months)						$	1,080,515					17,043						$	478,689					444,359
2027						77,706						1,263						72,826						68,848
2028						78,967						1,266						376						570
2029						80,346						1,263						—						—
2030						80,567						1,263						—						—
Total						$	1,398,101					22,098						$	551,891					513,777

Schedule of future minimum payments under contractual commitments

The following table summarizes future minimum payments under these agreements at June 30, 2025 (in thousands):

Year Ending March 31,
2026 (nine months)			$	4,225
2027			4,240
2028			3,442
2029			2,110
2030			1,382
2031			1,408
Thereafter			1,154
Total			$	17,961

X

- Definition

Tabular disclosure of unconditional sales obligations, including the nature and significant terms of an unconditional sales obligation; the amount of the fixed and determinable portion of the obligation as of the date of the latest balance sheet presented in the aggregate and, if determinable, for each of the five succeeding fiscal years; the nature of any variable components of the obligation; the sale amount under the obligation for the reporting period; and may include the amount of imputed interest necessary to reduce the obligation to present value.

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Tabular disclosure of the changes in carrying amount of a liability for asset retirement obligations, for changes such as new obligations, changes in estimates of existing obligations, spending on existing obligations, property dispositions, and foreign currency translation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 410
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
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Tabular disclosure of unconditional purchase obligation not recognized as liability.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 440
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
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