ºÚÁϳԹÏÍø

Annual report pursuant to Section 13 and 15(d)

Lease Commitments

v3.10.0.1
Lease Commitments
12 Months Ended
Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract] Ìý
Lease Commitments
8.
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 DecemberÌý31, 2018 (in thousands):

Year ending December 31,
Ìý
Amount
2019
Ìý
$
402

2020
Ìý
597

2021
Ìý
613

2022
Ìý
597

2023
Ìý
546

Thereafter
Ìý
701

Ìý
Ìý
$
3,456


Ìý
Rent expense for these lease agreements amounted to approximately $0.2 million for the year ended DecemberÌý31, 2018 and $0.1 million for the years ended DecemberÌý31, 2017 and 2016, respectively.