Hello and thank you for contacting us. This is Dwayne B. and I’m an expert here and looking forward to assisting you today. If at any point any of my answers aren’t clear please don’t hesitate to ask for clarification. Also, I can only answer the questions you specifically ask and based on the facts that you give so please be sure that you ask the questions you want to ask and provide all necessary facts. Please note: This is general information for educational purposes only and is not legal advice. No specific course of action is proposed herein, and no attorney-client relationship or privilege is formed by speaking to an expert on this site. By continuing, you confirm that you understand and agree to these terms.
The only way to know the right price is to look in your area and see what other people are getting. You can go through the deed records at the county courthouse and some of them will have amounts on there. You can also ask the company that is trying to lease from you to provide some "exemplar" amounts showing what they have paid.
Another way to go about this is to have a real estate agent give you an appraisal for how much the value of the land will be reduced by the pipeline being there. A lot depends on what kind of pipeline it is and where it will be located on the property and the real estate agent can consider all of that for you and provide a report. You then will have some type of documentation to back up your request.
The amount they pay varies according to where you are located. Obviously a pipeline running through an area that was going to be divided up into a subdivision in Harris County will be worth more than one going through open ranch land in Floyd County.
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Of course, please feel free to ask any follow up questions in this thread. I want to be sure that all of your questions are answered. In addition, once you issue your Positive Rating the question will lock open and no longer time out so you can come back to it anytime in the future if you think of any follow ups.