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A Case of Underground Value

By Case Studies

This case involved a gas storage field conversion/condemnation, where a formerly active 300-acre natural gas field would be repurposed as a gas storage field. The condemning authority, Washington 10 Gas Company, was a collaborative enterprise between major regional utilities and private investors. The company formally became a common carrier/public utility for the purposes of acquiring the gas field. After the condemning authority gained the rights to acquire and reuse the site, an initial compensation offer of approximately $1,000/acre—a total of $386,000—was made to the owner.

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