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Out of use, idled, and abandoned pipelines cost pipeline companies an estimated 1.4 billion dollars annually.
Much of these costs go to routine maintenance and taxes, but much more comes in the form of relocation for expanding highways, subdivisions and removal for various reasons. The staggering amount of liability a company is exposed to regarding product residue, coating deteriorization, migration, and erosion related to pipelines is incalculable.
Pipeline Equities seeks to fill the void and solve the problems of what to do with these idled and abandoned systems.
Pipeline Equities has successfully removed more than six million feet of idled, abandoned lines for pipeline companies over the past 21 years…at no cost to pipeline owners!
In fact, almost all companies have profited as Pipeline Equities often purchases the lines on an as is basis.
Pipeline Equities is insured, financially responsible and certified in handling whatever environmentally sensitive material might be encountered.
Our reputation is built on exercising care and skill in dealing with landowners, lease holders and environmental officials.
The issues of idled pipelines touch departments dealing with operations, right of way, business development, environmental, safety and particularly tax and legal.
Pipeline Equities can help resolve these time consuming administrative difficulties.
Enclosed are documents that show the procedures that have been successful for Pipeline Equities over a twenty-year span; the removal of more than 6 million feet of pipeline and the removal of millions of barrels of storage facilities, most of which have been in environmentally sensitive areas.
The job references shows these projects in some detail, but also shows the broad range of jobs the company has engaged in along with the variety of companies involved.
I have included a basic procedure checklist to indicate the normal steps we take from start to finish of a salvage or removal type operation.
It should be noted that on many occasions the reason for removal of idled pipelines is to get out of the path of developers and highway construction in expansion areas such as exist in many parts of Texas.
These types of relocations cost operators hundreds of millions of dollars a year in personnel costs.
A sample offering letter is included in this manual to indicate the framework of simplicity Pipeline Equities operates under to keep paperwork at a minimum. Pipeline Equities will excavate, rehab, and market for pipeline on a fee or contract basis or buy it in place.
Various samples of contracts are included, but the language is essentially the same in all whether it is Exxon, Arco, Koch or Texaco.
The key to success with any of this is sensitivity to the environment and sensitivity to property owners whether that property is a city lot, a ranch, cotton field, citrus grove or a wildlife refuge.
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