Columbia Pipeline Group Leach Xpress - Round Two of ROW offers

Columbia has started with the second round of offers for ROW. I have not seen mine yet, but I understand that some have been delivered starting yesterday or today. I am expecting another low ball offer, but have not heard any numbers yet. Has anyone else seen/heard of the latest numbers?

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Permalink Reply by jerry lee nichols on February 13, 2016 at 8:52am

Well I know that you can't refuse them , but why would a judge refuse your rental terms? Remember Emminent Domain proceedings are to set a fair deal for everybody.

Permalink Reply by rmc on February 13, 2016 at 1:45pm
Well far as I know eminent domain is about taking you're property not renting it. I don't believe I've ever heard of a eminent domain proceeding to purchase a rental agreement.
Maybe someone can enlighten me on this ?
Permalink Reply by rmc on February 12, 2016 at 1:09pm
Works out to fifty dollars a foot with all the additional work area they require
Permalink Reply by rmc on February 12, 2016 at 1:23pm
I really don't worry as much about the money as I do about the terms in the ROW.
As my children's children will have to live with it long after the money is long gone.
Permalink Reply by Bob Shaw on February 13, 2016 at 11:03am

I have addressed depth, size & number of pipelines, construction period, reclamation terms & period, egress to ROW, crossing accommodations, local control of arbitration, abandonment, signature for grantee and notary. All of that before financial terms.

My grandfather sold a similar ROW to the Federal Government in 1942 for what equates to 3 cents a foot, but there was a war on and he had two sons in the European Theater. Same ROW was transferred to Texas Easter in 1949 for 6 more cents.

Permalink Reply by rmc on February 13, 2016 at 1:48pm
Don't forget about any future taxes or new taxes the states or federal government hasn't thought of yet.
Permalink Reply by Kyle Nuttall on February 12, 2016 at 9:17am

In West Virginia they're offering $42/foot for the Atlantic Coast Pipeline, and they're being very firm about it.

Mike MurphyPermalink Reply by Mike Murphy on February 13, 2016 at 6:07am

seems like a party good offering but you can get more

Permalink Reply by Kyle Nuttall on February 15, 2016 at 11:24am

I'm certainly trying to.  So far I haven't heard of anybody in Upshur County who is getting better than that.

I'm also trying to get people on the ACP to work together.  We should be able to get better terms for everyone that way.

1xc6tw2xj1fwlPermalink Reply by 1xc6tw2xj1fwl on February 14, 2016 at 4:44am

There you go!  Just hold out, genius.  Make them shut down the project and make it even more difficult to sell your gas.  Landowners are greedy and stupid - period.  If you're lucky in about 4-5 years you'll start seeing some decent money if they can get the pipelines in there.  However, that's not looking too promising anymore.  Guess you morons should have sold 2 years ago.  You could've got $10k+ an acre in certain areas, and in some cases 15k+.  Let's do some math:

100 acres times $10,000/acre = $1 million.  Subtract capital gains tax = +/- $700k.  

$700k invested earning 10%/year * 5 years = over $1 million dollars again.  

Now the only way you could come close to seeing anywhere near $1 million on that same 100 acres in 5 years is to get massive royalty checks.  I'm afraid I got some bad news for you - they're not coming.  The only chance of them coming is more pipelines, but all of you pigs want to hold out for more money.  I can't figure out how some people can be so completely stupid, it blows my mind.  I guess this is what happens when mommy & daddy give you everything on a silver platter.

Permalink Reply by Bob Shaw on February 14, 2016 at 5:59am

You certainly have a strong position, but don't appear to be familiar with a FERC ROW and the process. No one is offering $10,000, this is not a lease, and this is not a sale. The ROW is for a specific 6 acres in my case, and that is a strip of land 50 feet wide that has changed location over the life of this FERC project.  There is some give and take on the price, and those who signed early got what equates to about $32/ft or less. That has increased to $57/ft, so waiting will pay off in this case. If that is still insufficient, you can wait for the FERC permit to be issued, then Columbia can take you to court to get a forced ROW under terms the court sets, which may be less or more than the current offer. Regarding investing $750,000 @ 10%, you can't get 10% unless you are willing to risk the principal in a fund or stocks, so your investment advice seems equally uninformed. But heck, what do I know?  

Permalink Reply by st. croix on February 15, 2016 at 2:19pm
I wasn't given anything on a silver platter and I would tell them to pound sand for $40 or $50 a foot. You sound angry Gerbralter!!!

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