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Jack Blake made three P/L ROW deals in 2009-10.
Always make them give the first offer and they will ALWAYS pay more than that first offer. They will go around you if you get outrageous with your counter offers, but STUDY ON GHS and cut a good deal. There is tons of info. here for those who are willing to read, take notes and study.
Also have a solid agreement with everything crystal clear. An attorney does need to review and approve the agreement, but it's really up to the landowner to see he/she gets fair compensation and has all the good clauses. This deal is worth a lot more to you that it is worth to the Attorney you hire to review the agreement.
There are excellent negotiating tips here on GHS and also good lists of clauses to have in the agreement. STUDY STUDY STUDY and manage your HS blessings wisely!
Also ask questions of the P/L ROW Agent about the P/L infrastructure they are building. You need all the info. possible to help you make the best deal(s). You may be able to parlay the first deal into more deals for tie ins. If you can do this and you already are paid for the first ROW deal you may be able to get stupid with what you demand for the second ROW deal.
POWERTOTHELANDOWNERSCRIEDJACKBLAKE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
adubu,
To be correct about my deal.... I gave the P/L company a long-term 30-foot ROW and servitude, for the pipeline to be on my land for $500/rod. Then, in order to do construction, the pipeline asked for a temporary 75-foot wide ROW (which included the 30 feet). The pipeline ran along the edge of my 40 acres. So the amount I was paid for damages was for 99,000 sq feet (= 1320 feet X 75 feet), or 2.3 acres. The company rounded it up to 2.5 acres, just to be sure they did not undercount me. (I was one of the last people to get signed, and they were in a rush, so they rounded up on everything.)
The landman was well aware that everyone wants as much of the money put into the damages column as possible. However, he was also under restrictions so he could not be too flagrant about it. In his offer letter that he sent with the contract, he broke down the payments into what was for the servitude and what was damages. The 1099 that came later only had one number on it -- the total, so the offer letter is what I needed to keep to break out the payment into two categories.
I agree with Jack Blake. Have an attorney review (and add to) the basic contract.
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