Arkansas Pipeline Easement and Accommodation Agreement (For Gas Pipelines on Land in Which Grantor Reserves Coal Rights)
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FAQ
There is no impact on demand for properties located along natural gas pipeline easements nor is development in areas with natural gas pipelines hindered. Natural gas pipelines do not affect the property value of any particular type of residence any more or less than another type of residence.
The chances of a pipeline leak or explosion on your property is relatively small, but the consequences can be huge. Knowing what to do, and what not to do, could save your life.
What is a Pipeline Easement? Generally, an easement is a legal interest that allows someone the right to use another's property for a certain purpose. A pipeline easement specifically gives the easement holder the right to build and maintain a pipeline on a landowner's property.
Most normal agricultural activities are permitted on the pipeline right-of-way, but some activities still require written consent to ensure the safety of everyone involved, either due to the depth of the activity, or the weight of the equipment involved.
To put this in numbers, it could be as little as 50% of the easement land value, or up to 30% or more of the whole property value. The more intrusive the easement on the land (ex. - runs diagonal across the whole property vs. just down the fence line), the more impact it will have.
The most common rule of thumb for a rough estimation of pipeline capital cost is the cost per ?inch-mile.? It's a pretty simple concept: The longer and fatter the pipe is, the more it's going to cost, so the length in miles is multiplied by the diameter in inches, to produce ?inch-miles? to multiply by that unit cost.
The chances of a pipeline leak or explosion on your property is relatively small, but the consequences can be huge.