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Started By
Message
re: Pipeline on farmland
Posted on 12/19/22 at 12:14 pm to TigerGyp
Posted on 12/19/22 at 12:14 pm to TigerGyp
quote:
TC is offering approximately $200 per rod as compensation.
I don't think so. It's been a few decades since pipelines were run through our farm in NELA, but I seem to remember it being a far better price than that (we were the last ones in that section they approached).
One thing I do remember from the guy who advised us though is to make sure the contract stipulates only the one pipeline so they will have to pay for any successive pipelines they run. Our contract escalates the price with each successive pipeline.
This post was edited on 12/19/22 at 12:16 pm
1
Posted on 12/19/22 at 5:05 pm to Bard
Yes, limit the easement to one single pipeline.
Some pipeline companies will insist that the easement needs absurd width. They will in turn sell space for other pipelines to be placed at an amount greater than what you were paid. That assignment could will cause a liability issue. Initially the landman will say tell you BS like it (1) is necessary for proper and safe maintenance and operations and (it is the industry standard). You could grant them a temporary workspace for maintenance.
I knew a businessman in Sulphur who insisted that he was to be last to sign an pipeline agreement. He did get top dollar but my family got renewable terms based on CPI as opposed to a perpetual agreement.
Some pipeline companies will insist that the easement needs absurd width. They will in turn sell space for other pipelines to be placed at an amount greater than what you were paid. That assignment could will cause a liability issue. Initially the landman will say tell you BS like it (1) is necessary for proper and safe maintenance and operations and (it is the industry standard). You could grant them a temporary workspace for maintenance.
I knew a businessman in Sulphur who insisted that he was to be last to sign an pipeline agreement. He did get top dollar but my family got renewable terms based on CPI as opposed to a perpetual agreement.
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