Pipeline Right-of-Ways...
What's the going rate on pipeline right-of-ways? Is it by running for for a particular width? Is it by square footage? Is it a one-time bonus money deal, or do you lease it to them?
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Replies to This Discussion
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Permalink Reply by RBT on
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There is not really a "going rate" on pipeline r-o-w's, unless eminent domain is involved. This "rate" is almost always negotiable, and a little homework will help. What are nearby owners being offered? What is your land worth to you long term? Don't get in a hurry!
Usually the first offer is made on a $/rod basis(per 16.5' running foot). It is pretty easy to convert to an acreage figure. There is a permanent pipeline width plus the temporary work area width that must be factored in. If timber is involved, have a forester give you an estimate.
There is a one-time payment to you, but it is a servitude or easement, and you will continue to pay the property taxes.
Not one size fits all, hopefully, these hints will help. Good luck!
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Permalink Reply by Mister Sunday on
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Thank you.
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