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Buying land with buried gas pipeline?
Posted on 4/20/23 at 5:55 pm
Posted on 4/20/23 at 5:55 pm
There's a piece of land that I'm considering in Caddo Parish, La.
It has a buried gas pipeline running the full depth of the property, which includes many of these unsightly white indicators. (They go well beyond what is pictured, as the terrain slopes downward.)
Looking at an oil/gas wells map, I don't see any wells near this property. Does a situation like this, where there is a gas pipeline running through the property typically involve any royalties? I ask because I will be more inclined to deal with the burden of the pipeline if there is at least some upside in doing so.
FYI The listing does include the phrase "Minerals will transfer with property."
Thanks MT!
It has a buried gas pipeline running the full depth of the property, which includes many of these unsightly white indicators. (They go well beyond what is pictured, as the terrain slopes downward.)
Looking at an oil/gas wells map, I don't see any wells near this property. Does a situation like this, where there is a gas pipeline running through the property typically involve any royalties? I ask because I will be more inclined to deal with the burden of the pipeline if there is at least some upside in doing so.
FYI The listing does include the phrase "Minerals will transfer with property."
Thanks MT!
5
Posted on 4/20/23 at 6:59 pm to ev247
No royalties. They paid the landowner a lump sum to buy the servitude to run their pipeline and that's all. There will be no additional money coming your way.
Posted on 4/20/23 at 7:11 pm to jfw3535
Oof, that should make for a difficult sale. Thanks for teaching me this, jfw. 
Posted on 4/20/23 at 7:17 pm to ev247
quote:
Oof, that should make for a difficult sale.
Why? My parents have had a gas line running along the backside of their property for 54 years. It's no big deal.
Posted on 4/20/23 at 7:39 pm to weadjust
I guess the combination of my vague imagination and the narrowness of the property is what led me to assume that the pipeline would be limiting in what could be done there. Then again, when a specific possibility comes to mind (septic tank, a pond, riding a 4-wheeler without dodging obstacles) each can still be done.
Basically, it's no big deal.
Basically, it's no big deal.
Posted on 4/20/23 at 7:55 pm to ev247
quote:
riding a 4-wheeler
The pipeline was plus in our neighborhood for 4 wheeling and motorcycle riding. Miles and miles of good riding. To keep the 4x4 trucks out the gas company built mounds of dirt along the gas line to keep them out. That made into excellent motorcross and atv riding
Posted on 4/21/23 at 5:55 am to weadjust
Get a copy of the easement document and make sure you understand it before buying.
Posted on 4/21/23 at 5:56 am to ev247
I would be more excited about the minerals. Depending on where it is there could be lots of money 2 miles below
Posted on 4/21/23 at 7:40 am to ev247
Make damn sure the pipeline is where they say it is.
A family friend built a house on the edge of an easement for a gas line, the pipeline was supposed to be in the middle.
Freaking, gas line is like 5 feet off their house. They spent years fighting the gas company. Company wanted the house torn down.
I think they got paid and they still live there.
A family friend built a house on the edge of an easement for a gas line, the pipeline was supposed to be in the middle.
Freaking, gas line is like 5 feet off their house. They spent years fighting the gas company. Company wanted the house torn down.
I think they got paid and they still live there.
Posted on 4/21/23 at 7:44 am to ev247
and they have surface rights where those sticks are and also a right of way/servitude to do maintenance on it
Posted on 4/21/23 at 10:17 am to ev247
You can find the Right of Way on file at the courthouse if you want to know exactly what rights the company has moving forward. A lot of times, they take a 30 or 50 ft ROW for a temporary work easement, then once the work is complete, they maintain access to 10 or 20 feet for maintenance purposes. It should also tell you what the purpose of the pipeline and the route.
Posted on 4/21/23 at 1:42 pm to Beessnax
I’m not wanting to factor the minerals into this decision too much because it doesn’t seem to be an active area for oil/gas.
I recently started reading about value investing soon after buying a (thankfully) modest mineral interest in an area where the entire section has no activity or even active drilling permits. If I had a time machine I would buy a cash-flowing asset instead of the hope that the minerals might produce someday, but we live and learn :)
I recently started reading about value investing soon after buying a (thankfully) modest mineral interest in an area where the entire section has no activity or even active drilling permits. If I had a time machine I would buy a cash-flowing asset instead of the hope that the minerals might produce someday, but we live and learn :)
Posted on 4/21/23 at 1:46 pm to kengel2
Man, what a mess. Thanks for the heads up. I wonder how often the gas company has to come around for maintenance and whatnot?
Posted on 4/21/23 at 2:52 pm to ev247
We have a pipeline on family property and they don't come out often. Maybe once a year and they mow it every other year or so. They trim the trees back once every 5 years or so.
Posted on 4/21/23 at 2:57 pm to ev247
I understand. Is this land in the northern part of the parish? I live in north LA
Posted on 4/21/23 at 7:16 pm to ev247
Absolutely get the agreement with the pipeline company prior to purchase. Typically the pipelines are an unwanted intrusion for the landowner. There could be some benefits to the property owner such as renewable term easement though highly unlikely.
Let us know some terms of the easement and you will get some insight with people familiar with these matters.
Let us know some terms of the easement and you will get some insight with people familiar with these matters.
Posted on 4/21/23 at 7:45 pm to weadjust
quote:
sale. Why? My parents have had a gas line running along the backside of their property for 54 years. It's no big deal.
Yeah it all depends on what he wants to do with the land. If it’s all wide open and it’s hunting land I wouldn’t think twice about it. If you are trying to build a 100 home McMansion neighborhood then it would probably matter more.
Posted on 4/22/23 at 1:12 am to Beessnax
Yes it’s up in Ida La. Seems like a tranquil place for a first house, and close to I-49 for when trips to Shreveport/Bossier are warranted.
Posted on 4/22/23 at 6:42 am to ev247
Not to throw cold water on your desire for bucolic tranquility but here is what could happen should you purchase the property.
A few years ago near Sulphur in Calcasieu Parish, Targa Resources needed to replace a 20" natural gas pipeline. It involved acquiring an additional temporary workspace from several landowners. Prior to the actual removal of the old pipeline required surveying, environmental research, cutting trees, placing a board-run, etc. The actual construction for this spread took a few months and a little bit longer for restoration.
Fair to say the landowners did somewhat mutually benefit from this project by negotiating payment for the intrusion. Targa's initial proposal was for a percentage of the value of the land. (Times a per acre of the additional workspace which was needed).
Say the pipeline is not as old as the Targa pipeline but the Servitude agreement gives the grantee the right to construct additional pipelines. Here you go again.
A few years ago near Sulphur in Calcasieu Parish, Targa Resources needed to replace a 20" natural gas pipeline. It involved acquiring an additional temporary workspace from several landowners. Prior to the actual removal of the old pipeline required surveying, environmental research, cutting trees, placing a board-run, etc. The actual construction for this spread took a few months and a little bit longer for restoration.
Fair to say the landowners did somewhat mutually benefit from this project by negotiating payment for the intrusion. Targa's initial proposal was for a percentage of the value of the land. (Times a per acre of the additional workspace which was needed).
Say the pipeline is not as old as the Targa pipeline but the Servitude agreement gives the grantee the right to construct additional pipelines. Here you go again.
Posted on 4/22/23 at 2:25 pm to ev247
Yeah that's an awesome place for sure. Light traffic and you are out of the river bottom.
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