A quick way to determine whether an oil & gas pipeline is no longer being used and/or is abandoned. And, what vacating an easement could do to the value of your property.
If you own a piece of land or you’re looking to buy a piece of land, more than likely there will be easements on the property. But, did you know, in some cases, you can actually remove an easement? This process is called vacating an easement.
In Texas, many oil and gas pipelines were laid several years ago, obviously oil and gas is big business in Texas. The Texas Railroad Commission has a great website where you can view many of the pipelines that are laid throughout Texas and you can actually see if some of these pipelines have been abandoned. Now, one note here. Non-use does not necessarily mean that the pipeline has been abandoned. But, once you go to the Texas Railroad Commission website, if you see that a pipeline has been abandoned, you can actually reach out to the company that the easement was granted to to see if they will abandon that easement and remove it entirely because it is no longer in use and they have abandoned that.
Of course, this topic is very, very nuanced. So, we highly recommend that you work with an attorney to vacate an easement. I promise you they will be worth every penny. I promise you that.
Of course, once an easement has been indefinitely removed from a property that value of the property could increase substantially because it is no longer encumbered by that easement.
Feel free to reach out to us with questions or other topics you’d like to see covered.
🤠 We’re Your Local & Trusted Central TX Land Buyers serving Travis, Williamson, Caldwell, Bastrop & Hays counties. Subscribe to our YouTube Channel for weekly tips and insight into land buying, land selling, and real estate investing from our seasoned land acquisition specialists. SUBSCRIBE: https://tinyurl.com/hcfnsyk8
💻 Want a Cash Offer for your land in 24 hours or less with No Agent Fees or Closing Costs? Learn more: CONTACT US: https://landsaletx.com/contact/
☎️ Looking to sell your Central TX land quick & stress-free -OR- Interested in investing in land in the area, we’d love to tell you about some of the off-market opportunities we find through our marketing. CALL or TEXT Us Today at (512) 387-7749.
SOCIALS: @LandSaleTX
Facebook: https://www.facebook.com/LandSaleTX/
Instagram: https://www.instagram.com/landsaletx/
⚠️ We are NOT attorneys, licensed CPAs or Tax Professionals. We can provide honest, ethical and creative solutions for selling or investing in land, but ALWAYS recommend you get advice from your attorney, CPA and Professional Tax Advisor.
