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.