Does a gas pipeline affect property value?

Natural gas pipelines don't just raise concerns about the environment and private property rights they could also affect owners' wallets. Pipelines can reduce property values by 5 to 40 percent by making them less attractive to potential buyers, according to local Realtors.

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Oregon Gas Pipeline Easement

Pipeline Easements

Name: Oregon Gas Pipeline Easement
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.81 (247 reviews)

Category:

Oregon Court Samples - Real Estate - Easements and Rights of Way

State:

Oregon

Control #:

OR-HJ-572

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Gas Pipeline Easement

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Pipelines can reduce property values by 5 to 40 percent by making them less attractive to potential buyers, according to local Realtors.

Since the 1970s these service pipes have been made of plastic for both new buildings and where the gas meter has been replaced. Building over these service pipes can cause difficulties and action would be required if an extension to a property results in the situation shown below.

Natural gas pipelines don't just raise concerns about the environment and private property rights they could also affect owners' wallets. Pipelines can reduce property values by 5 to 40 percent by making them less attractive to potential buyers, according to local Realtors.

A right-of-way is a strip of land typically about 50 feet wide (depending on location) containing a pipeline or other utility. Many rights-of-way contain more than one underground pipeline or utility and can be wider depending on the number of infrastructure assets within.

If an easement is 50 rods long, that is almost an acre. In a recent case, a pipeline company paid some owners $180 per rod and others $767 per rod for the same project.

How much money should landowners get when an oil or gas pipeline crosses their land? As it stands, landowners receive a one-time payment roughly based on the length of the pipeline, with rates varying from $5 to $50 per foot or more for a Marcellus or Utica shale pipeline right-of-way agreement.

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.

More than 5,500 total incidents. almost 600 injuries. more than 125 fatalities. more than 800 fires. almost 300 explosions. more than $4 billion in damages. almost 30,000 people who had to be evacuated.

API recommends setbacks of 50 feet from petroleum and hazardous liquids lines for new homes, businesses, and places of public assembly (API 2003). It also recommends 25 feet for garden sheds, septic tanks, and water wells and 10 feet for mailboxes and yard lights.

Pipeline Easements

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