I am dealing with a ROW agent re: a long distance , 10 year renewable term, fresh water pipeline crossing a small segment of our land in Reeves county, TX.
I have done quite a few of these already, and was able to negotiate better. i.e., more restrictive, terms than were originally proposed. Not more money, just better, IMO. I have no problem with the language in the document
Since they are dealing with numerous landowners, some of them with quite large holdings, that apparently did not negotiate quite as well, they would rather not record the easement, rather they want to record a memo of the easement and keep the details out of it. Here is what they said:
Memos of Oil & Gas leases are filed all the time in those cases where the company (and often times the mineral owner) doesn't want to let the world see their lease form. The same thing applies to this waterline easement. All of the provisions we have negotiated remain and are binding. We would just be filing a Memo to let the public know of the existence of the agreement and the plat would be attached to make the location public knowledge. Thanks for your understanding.
I understand the reasoning and don't really have a problem with this approach, but I would appreciate an opinion from people with more legal and practical knowledge than I.