Commitments and Contingencies Commitments and Contingencies

6 Months Ended

Jun. 30, 2015

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure

(11)           Commitments and Contingencies

In January of 2015 the Company entered into a new eleven year lease agreement for office space in Houston, Texas. The operating lease commenced on March 1, 2015 and may be terminated after seven years. As of June 30, 2015, the minimum contractual obligations are approximately $24 million in the aggregate. We will amortize the total payments under the lease agreement on a straight-line basis over the term of the lease.

During the second quarter of 2015, the Company entered into an additional gas transportation agreement covering transportation from 2016 to 2020.  The agreement increased our minimum contractual obligations, over the amounts reported in our Annual Report on Form 10-K for the year ending December 31, 2014 by approximately $39 million, with no change to our obligations during 2015. Refer to Management's Discussion and Analysis of these condensed consolidated financial statements for further discussion.

We had no other material changes from amounts referenced under Note 5 in our Notes to consolidated financial statements from our Annual Report on Form 10-K for the year ending December 31, 2014.