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pipeline easement
We were recently approached for land easement for gas pipeline. Have been reading articles.
Has anyone out there had any experience with this?
Views: 105
Replies to This Discussion
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Permalink Reply by Steve N on -
Thomas
I'm located in South Texas, where prices range anywhere from $10 to $20 per foot. Last year we received $15 per foot for a pipeline easement and our lawyer negotiated certain conditions into the lease such as mowing and re-seeding after construction. I suggest you speak with an attorney in your area before signing anything. Pipeline companies can try and use eminent domain, (especially in the case of interstate pipelines,) though that is usually a last resort after negotiations with the landowner fail. Although a pipeline can devalue your property, (since you cannot build anything, develop that part of your land, etc) and because the easement remains on your deed as long as the lease is in effect,) but it can be a win - win deal if you get enough compensation to offset those aspects.
Steve
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Permalink Reply by Steve N on
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Also, here is a link to an article by Penn State University about some important contract details....http://extension.psu.edu/naturalgas/news/2010/04/pipelineinfo
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