If you’re looking to buy ranchland
in much of Texas, there is likely a pipeline running across it — it goes with the territory for the lower 48’s biggest oil and gas producing state. And with the revitalized energy business that has
seen major activity until the recent slump, there is a chance more energy exploration or transmission com- panies will come calling with a lease and easement. However, other than trouble with the legal headaches
involved and worries that too many people may traipse across a prize pasture to patrol a pipeline meter, don’t expect the value of ranchland to decrease drastically based on added pipeline or high voltage power lines on the land. Dealing with such situations will be much easier
if assurances are made that the “i” is dotted and “t” is crossed in all related documents, says Tiffany Dowell Lashmet, Texas A&M AgriLife Extension rural law specialist. There can be situations, of course, in which land
values vary considerably due to excessive obstruc- tions, especially if royalty or easement lease rights don’t come with the property or energy companies cause damages outside the agreed easement (the right to use a specifi ed portion of the property of another) area and regulations. Zach Brady, a Lubbock-based attorney specializing
in ag-land law and other areas impacting rural areas, notes that land appraisers indicate damage outside the easement could approach up to 25 percent of the ranch value. But in most cases, market value of rangeland will
not be impacted heavily by pipeline or power line struc- tures, says George Clift, owner of Clift Land Brokers, headquartered in Amarillo. “In my opinion, pipeline or power line structures have very little bearing on land
Photo courtesy of Texas A&M AgriLife
tscra.org March 2015 The Cattleman 83
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