Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.3.1.900
Leases (Tables)
12 Months Ended
Dec. 31, 2015
Leases [Abstract]  
Lesee's impact on total leased properties
As of December 31, 2015, 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 December 31,

For the Years Ended December 31,

2015

2014

2015

2014
 
2013
Pinedale LGS
40.0%

79.2%

42.9%

71.9%
 
88.7%
Grand Isle Gathering System
50.1%


42.3%

 
Portland Terminal Facility
9.6%

17.2%

13.3%

19.0%
 
Public Service of New Mexico (2)

3.1%

1.3%

9.1%
 
11.3%
(1) Insignificant leases are not presented, thus percentages do not sum to 100%.
(2) The Public Service of New Mexico lease terminated on April 1, 2015. See additional discussion of the PNM lease under the heading Lease of Property Held for Sale, below.

Fair value of the future minimum lease payments and estimated costs
The future contracted minimum rental receipts for all net leases as of December 31, 2015, are as follows:
Future Minimum Lease Receipts
Years Ending December 31,
 
Amount
2016
 
$
59,607,929

2017
 
60,931,762

2018
 
61,139,762

2019
 
63,468,195

2020
 
70,629,654

Thereafter
 
451,794,133

Total
 
$
767,571,435