Illinois Assignment of Pipeline Easements and Rights of Way

State:
Multi-State
Control #:
US-OG-328
Format:
Word; 
Rich Text
Instant download

Description

This form is used when the Assignor grants, sells and assigns to Assignee all of Assignor's rights, title, and interests in a Pipeline Easements and Right of Way. When this form is used, Assignor grants, sells and conveys to Assignee all of Assignor's rights, title, and interests in all pipe, pipelines and all pertinent equipment, personal property, and fixtures relating to the Easements but Assignor reserves all interests in all well bores, tubing, and all related equipment utilized in connection with the production of oil and/or gas from the lands which the Easements cross or affect.


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FAQ

Natural gas pipelines do not affect the property value of any particular type of residence any more or less than another type of residence.

Above-ground pipeline markers are used along the permanent right-of-way for easy recognition of the presence of underground pipelines. The markers are typically located in a ?line of sight? manner within the rights-of-way, along streets and at road and railroad crossings.

The chances of a pipeline leak or explosion on your property is relatively small, but the consequences can be huge.

Pipeline stocks can be great income investments That gives them the funds to pay attractive dividends and invest in expanding their operations. Because of that, pipeline stocks tend to be great options for investors seeking to generate some passive income.

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.

Pipelines can pollute air, water, soil and climate when they leak. Pipelines that cross rivers and streams are more vulnerable to breaks when heavy rain and floods occur.

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Illinois Assignment of Pipeline Easements and Rights of Way