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]  
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 December 31, 2018 (in thousands):

Year ending December 31,
 
Amount
2019
 
$
402

2020
 
597

2021
 
613

2022
 
597

2023
 
546

Thereafter
 
701

 
 
$
3,456


 
Rent expense for these lease agreements amounted to approximately $0.2 million for the year ended December 31, 2018 and $0.1 million for the years ended December 31, 2017 and 2016, respectively.