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Gas pipeline question
Posted on 12/5/12 at 8:22 am
Posted on 12/5/12 at 8:22 am
Our hunting club now has a pipeline going right through it. My question is, do any of you own property that has a gas line going right through it? Does the company pay well for doing so? Is it a one time payment or a monthly/yearly payment?
LINK
Plans to construct a $220 million pipeline that will transport gasoline and diesel from the Valero St. Charles Refinery in Norco to a pipeline hub 139 miles away in Mississippi are on track to begin this summer, company officials said last week. Kinder Morgan Energy Partners, a Houston pipeline transportation and energy storage company that has about 550 employees in Louisiana, announced last September that it would build and operate the pipeline in a joint venture with Valero Energy Corp.
View full sizeThe proposed pipeline, which is still pending approval from the state Department of Natural Resources, is slated to travel northeast from Norco, crossing Lake Pontchartrain and continuing northward into Walthall County, Miss.
The companies are seeking to build a 16-inch pipeline that will transport the fuel to a pipeline transportation hub in Collins, Miss., which Kinder Morgan operates and owns a majority stake in. From there, refined petroleum products will be transported by pipeline systems that serve major markets in the southern United States.
The pipeline, expected to be in service by 2013, will have an initial capacity of 110,000 barrels per day, with the ability to expand to more than 200,000 barrels per day. The anticipated impact in the Louisiana coastal zone, a 5.3 million-acre area that includes 40 percent of the nation's coastal wetlands, involves the excavation of about 24 acres of wetlands and uplands and 38 acres of water bottoms.
Construction costs for the pipeline are expected to reach $140 million in Louisiana, which could boost local sales tax revenue by about $3.3 million, according to estimates from Kinder Morgan. About $80 million in additional construction costs are slated for Mississippi. Overall, the project is expected to generate 1,200 temporary jobs at its peak.
LINK
Plans to construct a $220 million pipeline that will transport gasoline and diesel from the Valero St. Charles Refinery in Norco to a pipeline hub 139 miles away in Mississippi are on track to begin this summer, company officials said last week. Kinder Morgan Energy Partners, a Houston pipeline transportation and energy storage company that has about 550 employees in Louisiana, announced last September that it would build and operate the pipeline in a joint venture with Valero Energy Corp.
View full sizeThe proposed pipeline, which is still pending approval from the state Department of Natural Resources, is slated to travel northeast from Norco, crossing Lake Pontchartrain and continuing northward into Walthall County, Miss.
The companies are seeking to build a 16-inch pipeline that will transport the fuel to a pipeline transportation hub in Collins, Miss., which Kinder Morgan operates and owns a majority stake in. From there, refined petroleum products will be transported by pipeline systems that serve major markets in the southern United States.
The pipeline, expected to be in service by 2013, will have an initial capacity of 110,000 barrels per day, with the ability to expand to more than 200,000 barrels per day. The anticipated impact in the Louisiana coastal zone, a 5.3 million-acre area that includes 40 percent of the nation's coastal wetlands, involves the excavation of about 24 acres of wetlands and uplands and 38 acres of water bottoms.
Construction costs for the pipeline are expected to reach $140 million in Louisiana, which could boost local sales tax revenue by about $3.3 million, according to estimates from Kinder Morgan. About $80 million in additional construction costs are slated for Mississippi. Overall, the project is expected to generate 1,200 temporary jobs at its peak.
Posted on 12/5/12 at 8:31 am to Crawdaddy
quote:
Does the company pay well for doing so? Is it a one time payment or a monthly/yearly payment?
I am pretty sure you get paid monthly for pipelines.
Posted on 12/5/12 at 8:36 am to Crawdaddy
you will get paid according to the contract.
They are different.
BONUS: You will now have a good shooting lane.
They are different.
BONUS: You will now have a good shooting lane.
Posted on 12/5/12 at 8:39 am to Crawdaddy
you will most likely receive a one time payment based on pipe footage running through your property. assuming it's avg property. i.e. no lakes etc...
ETA: mineral right don't apply here
ETA: mineral right don't apply here
This post was edited on 12/5/12 at 8:40 am
Posted on 12/5/12 at 8:50 am to Crawdaddy
They buy a permanent easement for surface use. It's still your property, but the contract will spell out what you can and cannot do. The agent writing the contract will usually have a little wiggle room to provide incentives to sign such as new gates, a road, etc..
Posted on 12/5/12 at 9:05 am to Crawdaddy
They usually buy the rideaway before they start. One time payment
Posted on 12/5/12 at 9:11 am to Crawdaddy
quote:
do any of you own property that has a gas line going right through it
Yes, through some of our crop land.
quote:
Does the company pay well for doing so
Typically
quote:
Is it a one time payment or a monthly/yearly payment?
Depends, our family gets a biannual lease payment from them and my cousin gets paid for loss of crop land for the area they can no longer farm.
Posted on 12/6/12 at 2:08 pm to Crawdaddy
I own property with two pipelines crossing it and i never got anything. Maybe when the line was set the land owner at that time collected something but it was a one time deal.
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