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Commitments and Contingencies (Tables)
6 Months Ended
Sep. 30, 2022
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, 2022$29,941 
Liabilities incurred1,817 
Liabilities associated with disposed assets (1)(747)
Liabilities settled(170)
Accretion expense1,287 
Balance at September 30, 2022$32,128 
(1)    Relates to the sale of three saltwater disposal wells and other long-lived assets within our Water Solutions business.
Schedule of future minimum payments under pipeline capacity agreements
The following table summarizes future minimum throughput payments under these agreements at September 30, 2022 (in thousands):
Fiscal Year Ending March 31,
2023 (six months)$19,142 
202438,495 
202533,588 
Total$91,225 
Schedule of outstanding purchase commitments
At September 30, 2022, we had the following commodity purchase commitments:
Crude Oil (1)Natural Gas Liquids
ValueVolume
(in barrels)
ValueVolume
(in gallons)
(in thousands)
Fixed-Price Commodity Purchase Commitments:
2023 (six months)$167,753 2,023 $12,313 13,458 
2024— — 7,367 8,904 
2025— — 2,829 3,486 
2026— — 1,982 2,730 
2027— — 1,808 2,520 
Total$167,753 2,023 $26,299 31,098 
Index-Price Commodity Purchase Commitments:
2023 (six months)$2,292,486 30,384 $655,856 633,211 
20241,971,489 29,508 102,413 126,578 
20251,428,772 22,775 5,257 10,501 
2026598,823 10,410 — — 
Total$6,291,570 93,077 $763,526 770,290 
(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 September 30, 2022, we had the following commodity sale commitments:
Crude OilNatural Gas Liquids
ValueVolume
(in barrels)
ValueVolume
(in gallons)
(in thousands)
Fixed-Price Commodity Sale Commitments:
2023 (six months)$169,832 2,023 $269,670 196,843 
2024— — 17,794 18,039 
2025— — 2,879 3,062 
2026— — 2,034 2,711 
2027— — 1,852 2,520 
Total$169,832 2,023 $294,229 223,175 
Index-Price Commodity Sale Commitments:
2023 (six months)$1,643,082 23,265 $662,619 563,416 
2024765,660 10,858 26,087 24,379 
2025671,133 10,220 — — 
202624,901 390 — — 
Total$3,104,776 44,733 $688,706 587,795 
Schedule of future minimum payments under contractual commitments The following table summarizes future minimum payments under these agreements at September 30, 2022 (in thousands):
Fiscal Year Ending March 31,
2023 (six months)$5,683 
20248,657 
20253,574 
20261,209 
20271,195 
20281,195 
Thereafter4,168 
Total$25,681