got offer to run pipeline through my property . what is the going rate???

I believe they offered $8000 for 330 feet. I live on it and its on a small parcel in Belmont County.

Thanks

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Permalink Reply by Bob Shaw on April 20, 2016 at 8:20pm

Not knowing the nature or size of the pipeline, your damages, loss of use, etc. my WAG is that your offer of $24.24/foot should be closer to $80-$120 / foot. 

A ROW is forever, you can never build on it, grow trees, etc, and it will restrict access to your property. A ROW will never improve the value of your property. My advice is to not sell ROW at all.

Land men will often suggest that you will be forced to sell ROW under eminent domain, but this only applies in certain circumstances, and is generally a bluff. Don't sign anything until you have done your homework. Consider getting an experienced attorney involved.

Permalink Reply by evan on April 20, 2016 at 10:36pm
Exactly what Bob said , no less than 80 a foot. Closer to 100. Depends on the options they have to go around you.
Permalink Reply by adam sorell on April 21, 2016 at 2:15am

Permalink Reply by adam sorell on April 21, 2016 at 2:18am

thanks guys. Probably isn't worth it even at 100 because land is flat and can be built on. I hope they have way around me and don't try the eminent domain, My property is right behind the state route they need to cross over.

Permalink Reply by Bob Shaw on April 21, 2016 at 9:30am

You could offer to sell the entire property to them for a price that makes you happy to move, but that would not be my move. I like 'go away, don't bother me'. You should have something in mind if it turns out they can get the court involved, so you can demonstrate a willingness to negotiate.

Permalink Reply by Finnbear on April 25, 2016 at 2:18am

Tell them you want an amount that is comparable to what you would sell the land for today because you will essentially be giving up your rights to the O&G forever. You will be severely restricted/limited in what you can do with this land in the future because of the ROW. If you sign the ROW agreement, you'll get a small one-time payment and still have to maintain and pay taxes on the property forever, while not being able to develop it as you see fit.

Permalink Reply by Jarrad Stephens on April 21, 2016 at 10:42am

Was this an offer from Kinder Morgan by chance? Utica Marcellus Pipeline? Thanks

Permalink Reply by adam sorell on April 21, 2016 at 11:07am

Markwest

Permalink Reply by lance on April 21, 2016 at 11:16am

Is this property in Ohio or Pa. Or W.Va. ? If in Ohio what county? I had an offer a couple years ago but the line was re-routed to the original land owner who was holding out so they were gonna around her via me. When she found out about that she changed her mind and settled for their offer which I don't know what that was... I got them up to 40.00 a foot. for a 20" trunk line with 30.00 a foot for each gathering line up to 3 in the same ditch.

Permalink Reply by Bob Shaw on April 21, 2016 at 11:06pm

As it says in the head paragraph, Belmont county, That is in Ohio, across the river from Wheeling.

Permalink Reply by lance on April 21, 2016 at 11:16pm

Thanks Bob, I missed that part...lol

0ym9x5ag7ury2Permalink Reply by 0ym9x5ag7ury2 on April 22, 2016 at 1:12pm

Adam,

     Read my Blog on this topic. Don't sign anything without a lawyer and reading the info from the WV lawyer. There are a huge number of things to consider.

The $24 per foot is nothing. Shoot for $60 a foot, but remember the price per foot should be based on pipe diameter, pressure, contents and more.

Make your best deal then notify the lawyer from Columbus, Greg Brunton that I would use if in your position. The Blog will tell you why.  

Be smart and don't take on the pipeline folks by yourself, you will lose if you do. 

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