What is the going rate for pipeline easement in Monroe County?

We have been approached by Blue Racer Midstream, LLC (Joint Venture between Caiman and Dominion) with an offer for pipeline easement 100' wide (w/ 50' wide temporary), (3) Pipelines up to 24" diameter

The base offer is $15 / foot. Is this a reasonable value? What are others offering? Would love to hear what others are getting / seeing to know if it is reasonable or if we are getting low balled.

Thanks in advance for whatever you are willing to share!

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Permalink Reply by Mark McGrail on June 22, 2013 at 3:43pm

Frankie,

Don't allow a right of way agreement. Make the agreement a lease for X amount of years at X dollars per year.

The perinch price should just be upfront money.

But first negotiate all the other terms of the agreement.

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