Who owns the Colonial Pipeline?

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.

What is pipeline easement?

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.

How does a 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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Valve Easement (For Pipeline)

King Washington Valve Easement (For Pipeline)

Name: King Washington Valve Easement (For Pipeline)
Brand: US Legal Forms
Rating: 4.79 (457 reviews)

Category:

Oil Gas and Minerals - Easements and Rights of Way

State:

Multi-State

County:

King

Control #:

US-OG-1187

Format:

Instant download

Description

This form is a valve easement for pipeline.

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FAQ

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.

For example, the ordinance bans new buildings within 25 feet of a hazardous liquids pipeline and increases construction and building standards on most structures within 200 feet of a pipeline.

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.

Oil pipelines are made from steel or plastic tubes which are usually buried. The oil is moved through the pipelines by pump stations along the pipeline. Natural gas (and similar gaseous fuels) are pressurized into liquids known as Natural Gas Liquids (NGLs). Natural gas pipelines are constructed of carbon steel.

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.

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.

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.

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.

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.

Types of Pipelines 1: Steel Pipeline. 2: Cast Iron Pipes. 3: Plastic Pipeline. 4: Concrete Pipeline. 5: Water Pipeline. 6: Oil Pipeline. 7: Slurry Pipeline. 8: Gas Transmission Pipeline.

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Temporary Easement for Construction. Included in the easement was an option to build a second pipeline.Before the term of the Nicor Gas Company's easement expired, a majority of the. Per Utah State Historic Preservation Office, if any cultural materials are discovered during construction, work in the area shall halt. Figure 5-6 Pressure Zone Boundary District Valve Co-Located with Fire Hydrant . Abandonment does not assign ownership or affect other property rights in the abandoned property, but rather releases the city's interest in the area. "Right-of-Way": Land, property, or property interest (e.g. , an easement), usually in a strip, acquired for or devoted to transportation purposes.

King Washington Valve Easement (For Pipeline)

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How does a pipeline affect property value?

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