Wake North Carolina Tenant's Consent (Pipeline Easement)
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How to fill out Tenant's Consent (Pipeline Easement)?
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FAQ
COLONIAL PIPELINE COMPANY An easement agreement, which was negotiated when the pipeline was installed, gives Colonial the legal right to bury, maintain and retain access to the pipeline on your property for general maintenance and repair.
Pipes are laid above ground beside the trench, or within the trench on top of supportive sandbags in steep terrain. Certain pipe sections are bent using a pipe bending tool to allow the pipeline to follow the planned route and the terrain.
Interstate pipelines are managed by the Federal Energy Regulatory Commission (FERC) and the U.S. Department of Transportation (DOT). The Federal Energy Regulatory Commission regulates pipelines, storage, natural gas transportation in interstate commerce, and liquefied natural gas facility construction.
Originally founded by nine oil companies in 1961, Colonial Pipeline is now owned by Koch Industries, Royal Dutch Shell, KKR & Co., IFM Investors and CDPQ Colonial Partners, according to the company's website.
The pipeline company typically pays the landowner in price per foot or per acre for farm land of the property that the pipeline passes. The price is based on the length of the easement. Some companies offer prices based on linear rod, not linear foot.
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.
If it were publicly traded, the Colonial's stock would undoubtedly have tumbled. But the 59-year-old firm is privately held, with its ownership split among five owners spread across five countries on four continents.
American Petroleum Institute 2017 Estimate Combined with the estimate of 30 inches for average pipeline size, that amounts to $5.34 million per mile for gas pipelines, or $3.32 million per km.
The Colonial Pipeline is the largest pipeline system for refined oil products in the U.S. The pipeline consisting of two tubes is 5,500 miles (8,850 km) long and can carry 3 million barrels of fuel per day between Texas and New York.
Pipelines can reduce property values by 5 to 40 percent by making them less attractive to potential buyers, according to local Realtors. People wince when they see (pipelines), said James Sherer, a Realtor with Lancaster County-based Kingsway Realty.
