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Citation
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HERO ID
6892209
Reference Type
Journal Article
Title
Dealing with Abandoned Pipelines
Author(s)
Howell, D
Year
2020
Is Peer Reviewed?
0
Journal
Pipeline and Gas Journal
ISSN:
0032-0188
Volume
247
Issue
3
Page Numbers
40-41
Language
English
Abstract
The subject of abandoned pipelines is tricky. The idea of an abandoned or out-of-use pipeline reverting in ownership to the easement or landowner is even trickier. Howell has written about, testified and lectured on the subject of abandoned pipelines for 20 years. His company, Pipeline Equities, has successfully removed and recycled some 25 million feet (7.62 million m) of idled, out-of-use, or uneconomic pipeline over the last 30 years, mostly with asbestos in the coating. Many of these lines could have been called abandoned pipelines. For the most part, pipeline operators don't want to deal with the sale of idled pipelines because of potential liabilities, carried book values of these dormant pipelines, and the amount of money, time and effort it would take for a such a transaction to take place. It is easier for a pipeline company to "let that dog lie" than to create possible economic problems.
Keywords
Petroleum And Gas; Property rights; Asbestos; Landowners; Dormancy; Easements; Pipelines; Economics; Liabilities
Tags
OPPT REs
•
OPPT_Asbestos, Part I: Chrysotile_Supplemental Search
LitSearch: Sept 2020 (Undated)
ProQuest
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