New Easement for Shell Ethane Cracker Pipeline Reveals Price Paid

Bit by bit, piece by piece, Shell is getting landowners in Beaver County, PA to sign easements for its 94-mile Falcon Ethane Pipeline--a pipeline with two “legs” that will feed Shell’s mighty ethane cracker plant. MDN exclusively broke the news in February 2016 that Shell had begun to sign leases with landowners for the pipeline (see Exclusive: Shell Leasing Land for 2 Pipelines to PA Cracker Plant). As we later learned, it's "one" pipeline with "two" legs or branches. There were more easements signed in January (see Shell Leases More PA Properties to Build Ethane Pipeline), and again in May (see Another 7 Easements Signed for Shell’s Falcon Ethane Pipeline). The latest news is that Shell has acquired another 3,183 feet. What's different this time, however, is that we know how much Shell paid to lease those 3,138 feet. We've not seen any mentions of payments in the past (Shell preferring to keep it private). We won't keep you in suspense, the price paid works out to be $75 per foot...

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