Continuing publicity about pipeline leaks demonstrates both their dangers and market awareness of those dangers.
One would expect older pipelines to have problems, including leaks. Indeed, the replacement of older pipelines is identified as a justification for constructing newer pipelines. However, even new pipelines can have problems. I have detailed problems that have occurred during pipeline construction, as exemplified by the problems surrounding the ET Rover pipeline. On Halloween, the most controversial pipeline constructed in recent history, the Keystone Pipeline, leaked. According to CNN, and a press release issued by TC Energy Company, “part of the Keystone 1 Pipeline in North Dakota was shut down after a leak of about 9,120 barrels of oil -- 383,040 gallons -- was discovered” resulting in 2,500 square yards being impacted by the released oil.
As our nation becomes more environmentally aware and pipeline problems become more readily publicized and identified, it will certainly have an impact on the willingness of people to acquire property impacted by pipeline easements.
I have represented many property owners in pipeline acquisitions by a variety of companies in recent years, which have resulted in easements being significantly modified for the owners’ benefits and increased just compensation. This blog post discusses pipeline condemnations.
Please feel free to contact me if you are having issues with a pipeline company.