Can anyone tell us more about the Leach Xpress Pipeline? I received a survey permission form for this from Columbia Gas Transmission. This is another FERC line. Are the landowners treated fairly with compensation?
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kathi
what pipeline outfit was it?
Why would you be paid 1% of the market price? ET is getting paid at a contract rate which is set forth well in advance of any market rate spikes or dips. If you wanted to make a tollage argument you'd say that ET should pay you x% of their rate since that's where the money is ultimately going.
"Frankly, its time for the landowners to be treated like equal partners with a seat at the table from the very beginning of negotiations, not after all the insiders have cut deals and pocketed all the profits."
An admirable goal certainly, but it's not the reality in which we live. Maybe ET should offer landowners the opportunity to share the profits by also offering to share the cost. A landowner gets 95% of the tollage through the line that runs on their property. All they have to do is foot the bill for the cost of the line. It should be ~$7,250,000 per mile. Who's in?
Great idea....except, the landowners are not requesting these lines be laid on their property. Does the above estimate include funds for property acquisitions? If so, with your plan I'd say you could knock that number down substantially.
When dealing with these companies wanting to lay pipeline through your land, instead of breaking down all that you want paid for, just tell them one price. Figure it all out yourself and give them the total. For example, tell that that $1,000,000 will cover all costs for one line. Take into account damages, work space, access, etc. I'm going to do it that way.
The landowners aren't requesting these lines directly, no. But we all are requesting them by virtue of not living in huts in some deserted part of Africa. This is a country of incredible wealth and technological advancement, all driven by natural resources that power our lives. Some will share the burden more than others.
And since some will share the burden more than others, they should be very well rewarded with great terms in leases both money and protective clauses. And a lot of respect by oil and gas associated companies. Not subjected to demeaning tactics of any type or low ball offers.
I agree. I don't think anyone is saying otherwise.
You should be entitled to profits...as long as you're willing to carry your proportionate share of the risk. It's called capitalism. Seems to be all the rage these days. People who want to be paid in excess of their value without taking risk are the reason we have the current presidential administration.
"In Dexter's twisted version of capitalism, for profit companies are empowered by their friends in government to use eminent domain to take an easement for pennies on the dollar of what its actually worth."
1. Please show where I said anything even resembling that
2. What something is "actually worth" is contingent on what one party is wiling to pay and the other party is willing to accept
3. Eminent domain is lousy and overused, but until we have a seismic shift in our elected (and too often unelected) leaders it's here to stay
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