This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.
Texas Pipeline Easements
Category:
State:
Multi-State
Control #:
US-OG-811
Format:
Word;
Rich Text
Instant download
Description
How to fill out Pipeline Easements?
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FAQ
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.
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.
Normal gardening and agricultural activities are generally acceptable, but you should never dig or construct anything within the easement without first contacting the pipeline operator. Fences across the ROW can affect corrosion protection and restrict access, buildings or trees can impair visibility.
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.
One cannot own an easement across his or her property. An easement may be created by various means. Each has its own distinct requirements. Because easements represent interests in land, they generally require some written, tangible evidence prescribed by Section 5.021 of the Texas Property Code for their creation.
Natural gas pipelines do not affect the property value of any particular type of residence any more or less than another type of residence.
A May 2012 article in the Journal of Real Estate Literature reviewed several studies and concluded there was ?no credible evidence based on actual sales data that proximity to pipelines reduces property values.?
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.
