Replies to This Discussion

Permalink Reply by Jon LaRue on August 13, 2008 at 16:31

$200/rod is a huge amount in my 34 yrs of experience. I'm stunned any company would pay anything near that amt. You must own a very unique and specificly important piece of land. Numbers I am familiar with in OK and Tx are on the order of $18 to $30/rod. Good luck.

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Permalink Reply by Bobi Carr ("parker") on August 17, 2008 at 23:03

???

Are you sure you don't mean $18 - $30 per foot.

$200 seems to be the opening bid for road or pipeline r/w at present.

Some of us that took low bids for leases are not to impressed by opening bids.

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Permalink Reply by po boy on August 13, 2008 at 16:51

Are you sure thats $200 a rod? That is about 10 times of any right of way offer I've heard . Make sure they clean up the mess.

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Permalink Reply by po boy on August 18, 2008 at 13:46

Having driven by a compressor sight, other questions come to mind. Will it adversely affect the future marketability of your home? What about the noise? Will you have to worry about people dumping trash, hunting, riding off road vehicles, etc? You will have to decide for yourself if you want it there or not.

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Permalink Reply by Bobi Carr ("parker") on August 18, 2008 at 14:05

Po boy,
I thought that somewhere you stated something about when you buy a road you measure it at 40 feet.

Was that you?

Are you a landman? If not what was you meaning when you buy a road?

I may have you completely confused with someone else. Please help make it clearer than mud.

THANKS

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Permalink Reply by po boy on August 20, 2008 at 7:15

When I sell property, right of way is included at the customary forty foot width. Not a landman, might have been had I had a heads up before this feeding frenzy, though. I thought of buying water rights a few years ago .

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Permalink Reply by Grandma on August 16, 2008 at 7:58

In SW Caddo they are offering $225-$250 for a 50 ft ROW - this is for two 12 inch pipes. So I would think that $200 on a 30 ft ROW is a decent price. Good Luck!

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Permalink Reply by Randy on August 18, 2008 at 2:47

Make a list, of every product you use that comes from hydrocarbons and you'll see why they make so much money. And why maybe they ought to be here. Unless you are one of those people who doesn't use/need/want modern comforts.

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Permalink Reply by P.G. on August 18, 2008 at 3:54

I saw a video about pipe line ROWs and the guy said to get two checks from the company. One for 10% for the ROW and another for 90% for damages. He said damage money is tax free!

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Permalink Reply by Grandma on August 18, 2008 at 6:12

Not necessarily - damages are treated as capital gains. So if you have a basis of $2,000 an acre on your land and get damages of $2,000 an acre then it would not be taxable. But, if you have a basis of $2,000 an acre and get $5,000 an acre in damages then the $3,000 an acre would be taxed as a capital gain.
What was the video that you saw?

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Permalink Reply by P.G. on August 18, 2008 at 6:25

http://www.barnettshaleexpo.com/docs/2008/Pipelines%20-%20John%20Ba...

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Permalink Reply by Grandma on August 19, 2008 at 7:20

This was a very good video for someone that is under negotiations for a pipeline. I still wonder about his idea about zero taxes for damages - I think he left out some facts. I don't think it would be non-taxable in every case. I also wonder what form the O&G companies report this to the IRS - that has a bearing on what you can or can not do on your tax return.

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