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  
Commitments and Contingencies Disclosure [Text Block]
7
.
Lease Commitments
 
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):
 
Year ending December 31,
 
Amount
 
201
8
  $
164
 
201
9
   
170
 
20
20
   
175
 
202
1
   
180
 
20
22
   
153
 
Thereafter
   
208
 
    $
1,050
 
 
Rent expense for th
ese lease agreements amounted to approximately
$0.1
million for the years ended
December 31, 2017,
2016
and
2015,
respectively.