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 "coverage_rank": {
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  "withheld": 1,
  "partial": 2,
  "nil": 3,
  "complete": 4
 },
 "closure": {
  "registration": "08-4518",
  "derivation": "residual = receipts + lease_receipts - deliveries - (stocks_end - stocks_start)",
  "is_derived": true,
  "why_no_ref": "no filed page states this number, so it carries the refs of its five inputs and none of its own. A derived figure with a citation of its own is indistinguishable on screen from a filed one.",
  "windows": [
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    "months_apart": null,
    "verdict": "no_prior",
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    },
    "input_coverage": {
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     "deliveries": "complete",
     "stocks_end": "complete",
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    },
    "residual_barrels": null,
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   },
   {
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    "prior_period": "2025-01",
    "months_apart": 1,
    "verdict": "coverage",
    "why_not": "not every input is completely filed: lease_receipts (nil). The residual would be the size of the missing section.",
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     "lease_receipts": 0.0,
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    "input_coverage": {
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     "deliveries": "complete",
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     "stocks_start": "complete"
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    "residual_barrels": null,
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   },
   {
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    "verdict": "coverage",
    "why_not": "not every input is completely filed: lease_receipts (nil). The residual would be the size of the missing section.",
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     "lease_receipts": 0.0,
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    },
    "input_coverage": {
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     "lease_receipts": "nil",
     "deliveries": "complete",
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     "stocks_start": "complete"
    },
    "residual_barrels": null,
    "residual_pct_of_deliveries": null,
    "input_refs": [
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   },
   {
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    "verdict": "coverage",
    "why_not": "not every input is completely filed: lease_receipts (nil). The residual would be the size of the missing section.",
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    "input_coverage": {
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   },
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    "verdict": "coverage",
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    "input_coverage": {
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    },
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   },
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    "input_coverage": {
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    },
    "residual_barrels": null,
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   },
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    "verdict": "coverage",
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    "input_coverage": {
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    "residual_barrels": null,
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   },
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    },
    "input_coverage": {
     "receipts": "complete",
     "lease_receipts": "nil",
     "deliveries": "complete",
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     "stocks_start": "complete"
    },
    "residual_barrels": null,
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    "input_refs": [
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   },
   {
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    "verdict": "coverage",
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     "lease_receipts": 0.0,
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    "input_coverage": {
     "receipts": "complete",
     "lease_receipts": "nil",
     "deliveries": "complete",
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     "stocks_start": "complete"
    },
    "residual_barrels": null,
    "residual_pct_of_deliveries": null,
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   },
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    "months_apart": 1,
    "verdict": "coverage",
    "why_not": "not every input is completely filed: lease_receipts (nil). The residual would be the size of the missing section.",
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     "lease_receipts": 0.0,
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     "stocks_start": 926645.0
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    "input_coverage": {
     "receipts": "complete",
     "lease_receipts": "nil",
     "deliveries": "complete",
     "stocks_end": "complete",
     "stocks_start": "complete"
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    "residual_barrels": null,
    "residual_pct_of_deliveries": null,
    "input_refs": [
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   },
   {
    "period": "2025-11",
    "prior_period": "2025-10",
    "months_apart": 1,
    "verdict": "coverage",
    "why_not": "not every input is completely filed: lease_receipts (nil). The residual would be the size of the missing section.",
    "inputs": {
     "receipts": 4268670.0,
     "lease_receipts": 0.0,
     "deliveries": 4292488.0,
     "stocks_end": 945368.0,
     "stocks_start": 968665.0
    },
    "input_coverage": {
     "receipts": "complete",
     "lease_receipts": "nil",
     "deliveries": "complete",
     "stocks_end": "complete",
     "stocks_start": "complete"
    },
    "residual_barrels": null,
    "residual_pct_of_deliveries": null,
    "input_refs": [
     "08-4518:2025-11:1A",
     "08-4518:2025-11:1B"
    ]
   },
   {
    "period": "2025-12",
    "prior_period": "2025-11",
    "months_apart": 1,
    "verdict": "coverage",
    "why_not": "not every input is completely filed: lease_receipts (nil). The residual would be the size of the missing section.",
    "inputs": {
     "receipts": 3900311.0,
     "lease_receipts": 0.0,
     "deliveries": 3856890.0,
     "stocks_end": 989201.0,
     "stocks_start": 945368.0
    },
    "input_coverage": {
     "receipts": "complete",
     "lease_receipts": "nil",
     "deliveries": "complete",
     "stocks_end": "complete",
     "stocks_start": "complete"
    },
    "residual_barrels": null,
    "residual_pct_of_deliveries": null,
    "input_refs": [
     "08-4518:2025-12:1A",
     "08-4518:2025-12:1B"
    ]
   },
   {
    "period": "2026-01",
    "prior_period": "2025-12",
    "months_apart": 1,
    "verdict": "coverage",
    "why_not": "not every input is completely filed: lease_receipts (nil). The residual would be the size of the missing section.",
    "inputs": {
     "receipts": 3622453.0,
     "lease_receipts": 0.0,
     "deliveries": 3624910.0,
     "stocks_end": 254806.0,
     "stocks_start": 989201.0
    },
    "input_coverage": {
     "receipts": "complete",
     "lease_receipts": "nil",
     "deliveries": "complete",
     "stocks_end": "complete",
     "stocks_start": "complete"
    },
    "residual_barrels": null,
    "residual_pct_of_deliveries": null,
    "input_refs": [
     "08-4518:2026-01:1A",
     "08-4518:2026-01:1B"
    ]
   },
   {
    "period": "2026-02",
    "prior_period": "2026-01",
    "months_apart": 1,
    "verdict": "coverage",
    "why_not": "not every input is completely filed: lease_receipts (nil). The residual would be the size of the missing section.",
    "inputs": {
     "receipts": 3024433.0,
     "lease_receipts": 0.0,
     "deliveries": 3076867.0,
     "stocks_end": 934647.0,
     "stocks_start": 254806.0
    },
    "input_coverage": {
     "receipts": "complete",
     "lease_receipts": "nil",
     "deliveries": "complete",
     "stocks_end": "complete",
     "stocks_start": "complete"
    },
    "residual_barrels": null,
    "residual_pct_of_deliveries": null,
    "input_refs": [
     "08-4518:2026-02:1A",
     "08-4518:2026-02:1B"
    ]
   },
   {
    "period": "2026-03",
    "prior_period": "2026-02",
    "months_apart": 1,
    "verdict": "coverage",
    "why_not": "not every input is completely filed: lease_receipts (nil). The residual would be the size of the missing section.",
    "inputs": {
     "receipts": 4340000.0,
     "lease_receipts": 0.0,
     "deliveries": 4187035.0,
     "stocks_end": 1087940.0,
     "stocks_start": 934647.0
    },
    "input_coverage": {
     "receipts": "complete",
     "lease_receipts": "nil",
     "deliveries": "complete",
     "stocks_end": "complete",
     "stocks_start": "complete"
    },
    "residual_barrels": null,
    "residual_pct_of_deliveries": null,
    "input_refs": [
     "08-4518:2026-03:1A",
     "08-4518:2026-03:1B"
    ]
   },
   {
    "period": "2026-04",
    "prior_period": "2026-03",
    "months_apart": 1,
    "verdict": "coverage",
    "why_not": "not every input is completely filed: lease_receipts (nil). The residual would be the size of the missing section.",
    "inputs": {
     "receipts": 1994160.0,
     "lease_receipts": 0.0,
     "deliveries": 2070980.0,
     "stocks_end": 1008735.0,
     "stocks_start": 1087940.0
    },
    "input_coverage": {
     "receipts": "complete",
     "lease_receipts": "nil",
     "deliveries": "complete",
     "stocks_end": "complete",
     "stocks_start": "complete"
    },
    "residual_barrels": null,
    "residual_pct_of_deliveries": null,
    "input_refs": [
     "08-4518:2026-04:1A",
     "08-4518:2026-04:1B"
    ]
   },
   {
    "period": "2026-05",
    "prior_period": "2026-04",
    "months_apart": 1,
    "verdict": "coverage",
    "why_not": "not every input is completely filed: lease_receipts (nil). The residual would be the size of the missing section.",
    "inputs": {
     "receipts": 3449356.0,
     "lease_receipts": 0.0,
     "deliveries": 3546482.0,
     "stocks_end": 911697.0,
     "stocks_start": 1008735.0
    },
    "input_coverage": {
     "receipts": "complete",
     "lease_receipts": "nil",
     "deliveries": "complete",
     "stocks_end": "complete",
     "stocks_start": "complete"
    },
    "residual_barrels": null,
    "residual_pct_of_deliveries": null,
    "input_refs": [
     "08-4518:2026-05:1A",
     "08-4518:2026-05:1B"
    ]
   }
  ],
  "n_windows": 17,
  "n_closed": 0,
  "median_abs_pct": null,
  "worst_abs_pct": null,
  "gate": "A window is `closed` only when all five inputs are present, were checked against the totals the filer stated on page 1, and the two months are consecutive. Ungated, the worst residual in the corpus is -99.9% of deliveries on a month whose receipts and lease receipts are both withheld \u2014 a hole reading as a leak. An input marked `unverified` is present but had no stated total to be checked against, so it cannot certify a balance either."
 },
 "exposure": {
  "registration": "08-4518",
  "key_rule": [
   "counterparty_norm",
   "the folded name, ignoring registrations entirely. A counterparty that files under several registrations collapses to one here, which RAISES measured concentration."
  ],
  "definition": "For each facility on each side, the share of that facility's filed barrels held by its largest single counterparty, keyed on counterparty_norm. Counterparties with zero barrels are excluded before counting, as they are in `concentration`. Published only where more than one counterparty carries barrels; elsewhere the share would be 100% by construction and is refused with the count that explains it.",
  "why_gated": "14 of this filer's 14 facility-sides have exactly one counterparty carrying barrels, so an ungated 'top exposure' would read 100% on each of them \u2014 a statement about how thinly the T-1 form describes a facility, printed as though it were a concentration risk.",
  "rows": [
   {
    "facility": "Exports to Oklahoma",
    "facility_key": "EXPORTSTOOKLAHOMA",
    "side": "deliveries",
    "verdict": "sole_named",
    "why_not": "only one counterparty carries barrels on this facility's lines, so the largest one holds all of them by definition. A 100% share here is the form naming one company, not a terminal depending on one.",
    "top_counterparty": null,
    "top_share_pct": null,
    "n_counterparties": 1,
    "n_lines": 17,
    "n_months": 17,
    "months_complete": 17,
    "barrels": 26777067.0,
    "first_period": "2025-01",
    "last_period": "2026-05",
    "refs": [
     "08-4518:2025-01:1B",
     "08-4518:2025-02:1B",
     "08-4518:2025-03:1B",
     "08-4518:2025-04:1B",
     "08-4518:2025-05:1B",
     "08-4518:2025-06:1B",
     "08-4518:2025-07:1B",
     "08-4518:2025-08:1B",
     "08-4518:2025-09:1B",
     "08-4518:2025-10:1B",
     "08-4518:2025-11:1B",
     "08-4518:2025-12:1B",
     "08-4518:2026-01:1B",
     "08-4518:2026-02:1B",
     "08-4518:2026-03:1B",
     "08-4518:2026-04:1B",
     "08-4518:2026-05:1B"
    ]
   },
   {
    "facility": "WF-Basin VLR Tnks",
    "facility_key": "WF-BASINVLRTNKS",
    "side": "deliveries",
    "verdict": "sole_named",
    "why_not": "only one counterparty carries barrels on this facility's lines, so the largest one holds all of them by definition. A 100% share here is the form naming one company, not a terminal depending on one.",
    "top_counterparty": null,
    "top_share_pct": null,
    "n_counterparties": 1,
    "n_lines": 16,
    "n_months": 16,
    "months_complete": 16,
    "barrels": 25316761.0,
    "first_period": "2025-01",
    "last_period": "2026-05",
    "refs": [
     "08-4518:2025-01:1B",
     "08-4518:2025-02:1B",
     "08-4518:2025-03:1B",
     "08-4518:2025-04:1B",
     "08-4518:2025-05:1B",
     "08-4518:2025-06:1B",
     "08-4518:2025-07:1B",
     "08-4518:2025-08:1B",
     "08-4518:2025-09:1B",
     "08-4518:2025-10:1B",
     "08-4518:2025-11:1B",
     "08-4518:2025-12:1B",
     "08-4518:2026-02:1B",
     "08-4518:2026-03:1B",
     "08-4518:2026-04:1B",
     "08-4518:2026-05:1B"
    ]
   },
   {
    "facility": "Midland Stn-(SRII-MSF Rec fm PMT)",
    "facility_key": "MIDLANDSTN-(SRII-MSFRECFMPMT)",
    "side": "receipts",
    "verdict": "sole_named",
    "why_not": "only one counterparty carries barrels on this facility's lines, so the largest one holds all of them by definition. A 100% share here is the form naming one company, not a terminal depending on one.",
    "top_counterparty": null,
    "top_share_pct": null,
    "n_counterparties": 1,
    "n_lines": 16,
    "n_months": 16,
    "months_complete": 16,
    "barrels": 24177133.0,
    "first_period": "2025-01",
    "last_period": "2026-05",
    "refs": [
     "08-4518:2025-01:1A",
     "08-4518:2025-02:1A",
     "08-4518:2025-03:1A",
     "08-4518:2025-04:1A",
     "08-4518:2025-05:1A",
     "08-4518:2025-06:1A",
     "08-4518:2025-07:1A",
     "08-4518:2025-08:1A",
     "08-4518:2025-09:1A",
     "08-4518:2025-10:1A",
     "08-4518:2025-11:1A",
     "08-4518:2025-12:1A",
     "08-4518:2026-02:1A",
     "08-4518:2026-03:1A",
     "08-4518:2026-04:1A",
     "08-4518:2026-05:1A"
    ]
   },
   {
    "facility": "Midland Station (rec from MSP)",
    "facility_key": "MIDLANDSTATION(RECFROMMSP)",
    "side": "receipts",
    "verdict": "sole_named",
    "why_not": "only one counterparty carries barrels on this facility's lines, so the largest one holds all of them by definition. A 100% share here is the form naming one company, not a terminal depending on one.",
    "top_counterparty": null,
    "top_share_pct": null,
    "n_counterparties": 1,
    "n_lines": 15,
    "n_months": 15,
    "months_complete": 15,
    "barrels": 22062941.0,
    "first_period": "2025-01",
    "last_period": "2026-05",
    "refs": [
     "08-4518:2025-01:1A",
     "08-4518:2025-02:1A",
     "08-4518:2025-03:1A",
     "08-4518:2025-04:1A",
     "08-4518:2025-06:1A",
     "08-4518:2025-07:1A",
     "08-4518:2025-08:1A",
     "08-4518:2025-09:1A",
     "08-4518:2025-10:1A",
     "08-4518:2025-11:1A",
     "08-4518:2025-12:1A",
     "08-4518:2026-02:1A",
     "08-4518:2026-03:1A",
     "08-4518:2026-04:1A",
     "08-4518:2026-05:1A"
    ]
   },
   {
    "facility": "Wichita Falls - Del to PM WF Term",
    "facility_key": "WICHITAFALLS-DELTOPMWFTERM",
    "side": "deliveries",
    "verdict": "sole_named",
    "why_not": "only one counterparty carries barrels on this facility's lines, so the largest one holds all of them by definition. A 100% share here is the form naming one company, not a terminal depending on one.",
    "top_counterparty": null,
    "top_share_pct": null,
    "n_counterparties": 1,
    "n_lines": 16,
    "n_months": 16,
    "months_complete": 16,
    "barrels": 11924988.0,
    "first_period": "2025-01",
    "last_period": "2026-05",
    "refs": [
     "08-4518:2025-01:1B",
     "08-4518:2025-02:1B",
     "08-4518:2025-03:1B",
     "08-4518:2025-04:1B",
     "08-4518:2025-05:1B",
     "08-4518:2025-06:1B",
     "08-4518:2025-07:1B",
     "08-4518:2025-08:1B",
     "08-4518:2025-09:1B",
     "08-4518:2025-10:1B",
     "08-4518:2025-11:1B",
     "08-4518:2025-12:1B",
     "08-4518:2026-02:1B",
     "08-4518:2026-03:1B",
     "08-4518:2026-04:1B",
     "08-4518:2026-05:1B"
    ]
   },
   {
    "facility": "Wink South Stn. (Rec from PP)",
    "facility_key": "WINKSOUTHSTN.(RECFROMPP)",
    "side": "receipts",
    "verdict": "sole_named",
    "why_not": "only one counterparty carries barrels on this facility's lines, so the largest one holds all of them by definition. A 100% share here is the form naming one company, not a terminal depending on one.",
    "top_counterparty": null,
    "top_share_pct": null,
    "n_counterparties": 1,
    "n_lines": 6,
    "n_months": 6,
    "months_complete": 6,
    "barrels": 11115000.0,
    "first_period": "2025-05",
    "last_period": "2025-10",
    "refs": [
     "08-4518:2025-05:1A",
     "08-4518:2025-06:1A",
     "08-4518:2025-07:1A",
     "08-4518:2025-08:1A",
     "08-4518:2025-09:1A",
     "08-4518:2025-10:1A"
    ]
   },
   {
    "facility": "Midland Station (rec from PP)",
    "facility_key": "MIDLANDSTATION(RECFROMPP)",
    "side": "receipts",
    "verdict": "sole_named",
    "why_not": "only one counterparty carries barrels on this facility's lines, so the largest one holds all of them by definition. A 100% share here is the form naming one company, not a terminal depending on one.",
    "top_counterparty": null,
    "top_share_pct": null,
    "n_counterparties": 1,
    "n_lines": 4,
    "n_months": 4,
    "months_complete": 4,
    "barrels": 6141850.0,
    "first_period": "2025-01",
    "last_period": "2025-04",
    "refs": [
     "08-4518:2025-01:1A",
     "08-4518:2025-02:1A",
     "08-4518:2025-03:1A",
     "08-4518:2025-04:1A"
    ]
   },
   {
    "facility": "Station from",
    "facility_key": "STATIONFROM",
    "side": "receipts",
    "verdict": "sole_named",
    "why_not": "only one counterparty carries barrels on this facility's lines, so the largest one holds all of them by definition. A 100% share here is the form naming one company, not a terminal depending on one.",
    "top_counterparty": null,
    "top_share_pct": null,
    "n_counterparties": 1,
    "n_lines": 1,
    "n_months": 1,
    "months_complete": 1,
    "barrels": 2543798.0,
    "first_period": "2026-01",
    "last_period": "2026-01",
    "refs": [
     "08-4518:2026-01:1A"
    ]
   },
   {
    "facility": "Rec",
    "facility_key": "REC",
    "side": "receipts",
    "verdict": "sole_named",
    "why_not": "only one counterparty carries barrels on this facility's lines, so the largest one holds all of them by definition. A 100% share here is the form naming one company, not a terminal depending on one.",
    "top_counterparty": null,
    "top_share_pct": null,
    "n_counterparties": 1,
    "n_lines": 1,
    "n_months": 1,
    "months_complete": 1,
    "barrels": 1078655.0,
    "first_period": "2026-01",
    "last_period": "2026-01",
    "refs": [
     "08-4518:2026-01:1A"
    ]
   },
   {
    "facility": "Falls Del to Term",
    "facility_key": "FALLSDELTOTERM",
    "side": "deliveries",
    "verdict": "sole_named",
    "why_not": "only one counterparty carries barrels on this facility's lines, so the largest one holds all of them by definition. A 100% share here is the form naming one company, not a terminal depending on one.",
    "top_counterparty": null,
    "top_share_pct": null,
    "n_counterparties": 1,
    "n_lines": 1,
    "n_months": 1,
    "months_complete": 1,
    "barrels": 775000.0,
    "first_period": "2026-01",
    "last_period": "2026-01",
    "refs": [
     "08-4518:2026-01:1B"
    ]
   },
   {
    "facility": "Midland Station - Del to MSP",
    "facility_key": "MIDLANDSTATION-DELTOMSP",
    "side": "deliveries",
    "verdict": "sole_named",
    "why_not": "only one counterparty carries barrels on this facility's lines, so the largest one holds all of them by definition. A 100% share here is the form naming one company, not a terminal depending on one.",
    "top_counterparty": null,
    "top_share_pct": null,
    "n_counterparties": 1,
    "n_lines": 13,
    "n_months": 13,
    "months_complete": 13,
    "barrels": 706170.0,
    "first_period": "2025-01",
    "last_period": "2026-02",
    "refs": [
     "08-4518:2025-01:1B",
     "08-4518:2025-02:1B",
     "08-4518:2025-03:1B",
     "08-4518:2025-04:1B",
     "08-4518:2025-05:1B",
     "08-4518:2025-06:1B",
     "08-4518:2025-07:1B",
     "08-4518:2025-08:1B",
     "08-4518:2025-09:1B",
     "08-4518:2025-10:1B",
     "08-4518:2025-11:1B",
     "08-4518:2025-12:1B",
     "08-4518:2026-02:1B"
    ]
   },
   {
    "facility": "Midland Station (del to MSP)",
    "facility_key": "MIDLANDSTATION(DELTOMSP)",
    "side": "deliveries",
    "verdict": "sole_named",
    "why_not": "only one counterparty carries barrels on this facility's lines, so the largest one holds all of them by definition. A 100% share here is the form naming one company, not a terminal depending on one.",
    "top_counterparty": null,
    "top_share_pct": null,
    "n_counterparties": 1,
    "n_lines": 2,
    "n_months": 2,
    "months_complete": 2,
    "barrels": 19300.0,
    "first_period": "2026-04",
    "last_period": "2026-05",
    "refs": [
     "08-4518:2026-04:1B",
     "08-4518:2026-05:1B"
    ]
   },
   {
    "facility": "Station Del to",
    "facility_key": "STATIONDELTO",
    "side": "deliveries",
    "verdict": "sole_named",
    "why_not": "only one counterparty carries barrels on this facility's lines, so the largest one holds all of them by definition. A 100% share here is the form naming one company, not a terminal depending on one.",
    "top_counterparty": null,
    "top_share_pct": null,
    "n_counterparties": 1,
    "n_lines": 1,
    "n_months": 1,
    "months_complete": 1,
    "barrels": 9000.0,
    "first_period": "2026-01",
    "last_period": "2026-01",
    "refs": [
     "08-4518:2026-01:1B"
    ]
   },
   {
    "facility": "Wink South Stn. (Rec from Sunrise II)",
    "facility_key": "WINKSOUTHSTN.(RECFROMSUNRISEII)",
    "side": "receipts",
    "verdict": "sole_named",
    "why_not": "only one counterparty carries barrels on this facility's lines, so the largest one holds all of them by definition. A 100% share here is the form naming one company, not a terminal depending on one.",
    "top_counterparty": null,
    "top_share_pct": null,
    "n_counterparties": 1,
    "n_lines": 1,
    "n_months": 1,
    "months_complete": 1,
    "barrels": 4650.0,
    "first_period": "2025-01",
    "last_period": "2025-01",
    "refs": [
     "08-4518:2025-01:1A"
    ]
   }
  ],
  "n_facility_sides": 14,
  "n_measured": 0,
  "n_sole_named": 14,
  "n_rule_sensitive": 0,
  "rule_note": "0 of 14 facility-sides would report a different top share under the registration-aware key. The published figure uses the name-only key, the same one the movers board ranks on."
 }
}