We were recently made aware that Louisiana Rise, a local non-profit advocacy organization, has purchased property along the route of the Bayou Bridge Pipeline on which we have an existing easement agreement that allows us to legally construct the pipeline. This easement agreement was negotiated with the prior owner of the property, and, under Louisiana law, the easement remains in full force following transfer of the property. As a result, we are lawfully entitled to bring construction equipment onto the property and to construct the pipeline, pursuant to the terms of the easement.
Additionally, as part of our project planning and pipeline route analysis, we retained cultural experts to conduct cultural and archaeological surveys along the pipeline route, including the easement area on this property. These experts determined that there were no sites of historic or cultural significance on the property now owned by Louisiana Rise.
It is our understanding that Louisiana Rise has communicated plans to establish a cultural learning and ceremony space on the property, with the lauded goal of providing education and community services to local Louisianans. While we applaud these efforts, we have learned they also plan to stage protests against our project. We understand there are wide-ranging opinions on infrastructure projects, such as our pipeline project, and we respect the right of all Americans to lawfully protest. We hope and expect that any protest activities will be peaceful, and, we welcome cooperation among protesters, local law enforcement agencies, and our construction personnel to ensure the safety of all parties during our construction activities.
As an update on the progress of our project, the acquisition of our pipeline right-of-way is nearly complete, with more than 98% of easements secured through voluntary easement agreements with each respective landowner. The effort to secure the remaining parcels is nearing completion. We look forward to beginning construction upon receiving all the necessary permits.