Started this discussion. Last reply by Don C May 17, 2014. 15 Replies 0 Likes
About 18 months ago Spectra Energy spent a fair amount of money in Harrison County and surrounding counties on a potential ROW/pipeline under a name of "Open". Does anyone have an insight if this…Continue
Started this discussion. Last reply by Kangoo May 15, 2013. 4 Replies 0 Likes
According to the well log for Gulfport's Shugert 1-H1 the Utica has a thickness of 1011 feet. Is this correct or mistake in logging? Could this explain the production value of this well? I didnt…Continue
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Jason, please call me some evening after 8:00 PM Eastern. Phone: 563-355-4219. Thanks
Our meeting Sunday eve. we thought went great. Jim McEvoy represented MarkWest. He had met with my husband and I earlier that week with the land agent Fred Hines.
Jim seemed very knowledgeable and satsified all of our questions. He wrote in things to clarify on the lease/addendum. All present agreed that if he would come back with the $15 a foot for pipeline and $25 a foot for damages, we would sign. He told me he would be on the phone with MarkWest in Denver, CO and would call me on Monday with results.
Monday about 11:00 we had a message from a Noel Glenn ( I think that is the correct name) from Mark West. She stated she was the project manager for this pipeline and wanted to meet with me. We played phone tag till Tuesday eve. I then spent an hour on the phone with her. Totally frustrating. Seems like we are almost back an square one. She said no way could she pay $15 and $25. She wanted to know if I could set up a meeting, have everyone bring their drivers' license and be prepared to sign.
I told her she'd better bring her best offer, cause as far as I was concerned this was their last chance, and the total of $40 a foot had been our asking price from day 1. She pretty much said this would just pull the plug on the whole project if we couldn't sign.
Will see how Sunday goes. I told her I would not speak for the rest of the group, but we would not sign for less. I wanted to tell her that after Sunday the price will go up $1.00 a foot a day for all the inconvenience they are causing.
Hope you don't mind my venting. We will probably still tell her we won't sign without the atty. looking it over again.
We are asking $15 a foot for the initial pipeline that is to be 20?. $25.00 a foot for damages. Any additional lines we asked for $10 a foot up to a 20" line. Anything over 20" would be $1.00 an inch (ex.: 24" line would be $24.00 a foot, 36" line would be $36.00). They have not agreed to this.
I would think with your timber you would want to get an appraisal for the value now, plus what you will lose for the future 30-40 years growth that you will never recapture. Then see if that would come close to the damages per foot or go for actual damages.
What they came back with so far is only pertaining to the add'l. lines and it states: "Should a subsequest line exceed 20" in diameter, GRANTEE shall pay an additional $1.00 per linear foot of right-of-way for each additional inch in diameter pipe outside of 20" (ie, 24" pipe would be paid at $14.00 per linear foot of right-of-way, in lieu of the $10.00 per foot rate)."
At this moment this is as clear as mud to me. I imagine we will let an atty. look over the lease again before signing, even though Mark West wants it signed by the end of the month.