By David Howell, Pipeline Equities, Houston
It used to be simple. A company decided to build a pipeline. They hired a right- of-way agent, secured easements at predictable rates, and the project began.
Ten lines crossing a channel
In those days, routes were determined, engineering was done, and the land acquired. The pipeline company controlled all of these facets, except for land acquisition. Landowners would be paid the going rate for right-of-way in the area based on standard or historic methods and amounts.
If an appraisal was required, then a reliable and economic approach was the across-the-fence (ATF) method, which based the va
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