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Annual report pursuant to Section 13 and 15(d)

Note 7 - Lease Commitments

v3.8.0.1
Note 7 - Lease Commitments
12 Months Ended
Dec. 31, 2017
Notes to Financial Statements Ìý
Commitments and Contingencies Disclosure [Text Block]
7
.
Lease Commitments
Ìý
The Trust is a lessee under operating leases in connection with its administrative offices located in Dallas
and Midland, Texas. The lease agreements require monthly rent payments and expire in
March 2025
and
August 2022,
respectively. Future minimum lease payments were as follows at
December 31, 2017 (
in thousands):
Ìý
Year ending December 31,
Ìý
Amount
Ìý
201
8
Ìý $
164
Ìý
201
9
Ìý Ìý
170
Ìý
20
20
Ìý Ìý
175
Ìý
202
1
Ìý Ìý
180
Ìý
20
22
Ìý Ìý
153
Ìý
Thereafter
Ìý Ìý
208
Ìý
Ìý Ìý $
1,050
Ìý
Ìý
Rent expense for th
ese lease agreements amounted to approximately
$0.1
million for the years ended
December 31, 2017,
2016
and
2015,
respectively.