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re: Experience with Gas Lines Running Through Property
Posted on 3/16/16 at 9:18 am to eyepooted
Posted on 3/16/16 at 9:18 am to eyepooted
Ask the seller to give you a copy of the most recent agreement with Targa. Then call Targa to see if they would be willing to provide the same document to you as a prospective buyer, that way you can cross reference. It's likely that Targa will not provide it to you, but it's worth a try. I would not buy it until someone produces the current agreement for my review.
2
Posted on 3/16/16 at 9:30 am to Dock Holiday
They will have right of way contract that will cover a certain amount of feet on each side of center line. Targa has right of way directors that control those agreements and are very helpful will come out and mark it all up for you. As long as you do not build a permanent foundation within that boundry you are fine. You will also have to possibly work out access for them if necessary.
Posted on 3/16/16 at 9:44 am to Dock Holiday
With my business I deal with pipelines everyday. A little info for you to know. Prior to the line being constructed an agreement should have been signed and recorded between the pipeline operator and the property owner. This agreement will state the operators rights including the right of way width although prior to the 60's often the width was not stated. Often the agreement allows the operator to access not only their right of way but existing driveways or private roads.
A one time fee was usually paid to the property owner, based upon the number of rods (16.5 feet) that it crossed.
Most agreements will include a plat which should show the property and width of the right of way.
There are certain things the property owner can't do on the right of way, while other things are permitted. I would discuss this with the operator because each is different.
Keep in mind pipeline operators can change names or be sold so the recorded agreement may not reflect the current operators name.
On a 24 acre tract with a pipeline in the rear, the impacted value will be minimal.
A one time fee was usually paid to the property owner, based upon the number of rods (16.5 feet) that it crossed.
Most agreements will include a plat which should show the property and width of the right of way.
There are certain things the property owner can't do on the right of way, while other things are permitted. I would discuss this with the operator because each is different.
Keep in mind pipeline operators can change names or be sold so the recorded agreement may not reflect the current operators name.
On a 24 acre tract with a pipeline in the rear, the impacted value will be minimal.
This post was edited on 3/16/16 at 9:50 am
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