Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.4.0.3
Leases (Tables)
3 Months Ended
Mar. 31, 2016
Leases [Abstract]  
Lesee's impact on total leased properties
As of March 31, 2016, the Company had three significant leases. The table below displays the impact of the Company's most significant leases on total leased properties and total lease revenues for the periods presented.


As a Percentage of (1)


Leased Properties

Lease Revenues


As of
 
As of

For the Three Months Ended


March 31, 2016

December 31, 2015

March 31, 2016
 
March 31, 2015
Pinedale LGS

39.9%

40.0%

30.4%
 
70.4%
Grand Isle Gathering System

50.1%

50.1%

59.8%
 
Portland Terminal Facility

9.7%

9.6%

9.7%
 
20.7%
Public Service of New Mexico (2)



 
8.7%
(1) Insignificant leases are not presented; thus percentages may not sum to 100%.
(2) The Public Service of New Mexico lease terminated on April 1, 2015.

Fair value of the future minimum lease payments and estimated costs
The future contracted minimum rental receipts for all net leases as of March 31, 2016, are as follows:
Future Minimum Lease Receipts
Years Ending December 31,
 
Amount
2016
 
$
45,000,738

2017
 
60,931,762

2018
 
61,139,762

2019
 
63,468,195

2020
 
70,629,654

Thereafter
 
451,794,133

Total
 
$
752,964,244