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re: Pipeline on farmland
Posted on 1/6/23 at 6:25 am to ithad2bme
Posted on 1/6/23 at 6:25 am to ithad2bme
Good suggestions. Upon my recollection new legislation has been passed regarding to the nomenclature of pipeline non-usage. There is no longer a category of "temporary abandoned."
Some pipeline companies have wanted to continue to own the pipeline that has not been in service for 15-20 years, for example, but the expense would be incurred by the landowners if they wanted to remove it for placement of a structure.
Some pipeline companies have wanted to continue to own the pipeline that has not been in service for 15-20 years, for example, but the expense would be incurred by the landowners if they wanted to remove it for placement of a structure.
0
Posted on 4/11/24 at 4:44 pm to CharleyLake
"The mutually agreed upon consideration to the OWNER for an additional ten (10) year option term shall be $C,CCC per rod"
This part right here has me stumped for some reason. I took out additional as well and i am still not reassured they need to pay per rod after they pay the $10. Of course, with the time to decide. Would you mind giving me a call and explain it to me like I'm a ....... 337-852-4144
"The first term of this SERVITUDE shall be for a period of ten (10) years, provided XXXX gives written notice to OWNERS of its intent to exercise its option on or before 04/10/2025. The mutually agreed upon consideration to the OWNERS for a ten (10) year option term shall be ONE THOUSAND DOLLARS ($1,000) per rod"
This part right here has me stumped for some reason. I took out additional as well and i am still not reassured they need to pay per rod after they pay the $10. Of course, with the time to decide. Would you mind giving me a call and explain it to me like I'm a ....... 337-852-4144
"The first term of this SERVITUDE shall be for a period of ten (10) years, provided XXXX gives written notice to OWNERS of its intent to exercise its option on or before 04/10/2025. The mutually agreed upon consideration to the OWNERS for a ten (10) year option term shall be ONE THOUSAND DOLLARS ($1,000) per rod"
Posted on 4/26/24 at 8:28 am to Cajun337
Sorry for the delayed response. I have been on an extended vacation and just returned home.
Find out if the pipeline company would agree to multiple renewable term agreements as opposed to a one time perpetual term. The renewable term options allow the landowners to receive the income for the initial term plus the cost of living increase at the time when the initial term expires.
Find out if the pipeline company would agree to multiple renewable term agreements as opposed to a one time perpetual term. The renewable term options allow the landowners to receive the income for the initial term plus the cost of living increase at the time when the initial term expires.
Posted on 4/26/24 at 8:41 am to TigerGyp
Gillis Access is the name of that project. Lots of FERC filings if you want more info. Intrastate
The prices per rod thrown around in here are in line with current environment in LA. $700-$1200/rod if you take your time with negotiations.
I would hire an experienced attorney. Pipelines are there longer than you and possibly your children will be alive.
The prices per rod thrown around in here are in line with current environment in LA. $700-$1200/rod if you take your time with negotiations.
I would hire an experienced attorney. Pipelines are there longer than you and possibly your children will be alive.
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