Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.3.0.814
Leases (Tables)
9 Months Ended
Sep. 30, 2015
Leases [Abstract]  
Lesee's impact on total leased properties
As of September 30, 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

As of

For the Three Months Ended
 
For the Nine Months Ended

September 30, 2015

December 31, 2014

September 30, 2015

September 30, 2014
 
September 30, 2015

September 30, 2014
Pinedale LGS
40.14%

79.17%

30.41%

70.59%
 
49.78%

72.45%
Grand Isle Gathering System
50.07%


59.91%

 
32.68%

Portland Terminal Facility
9.52%

17.24%

9.55%

20.53%
 
15.30%

18.44%
Public Service of New Mexico (2)

3.07%


8.88%
 
2.05%

9.11%
(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 September 30, 2015, are as follows:
Future Minimum Lease Receipts
Years Ending December 31,
 
Amount
2015
 
$
14,594,869

2016
 
59,518,642

2017
 
60,842,475

2018
 
61,050,475

2019
 
63,377,991

Thereafter
 
521,597,695

Total
 
$
780,982,147