
Todd Griffith
82:58 - 83:56
"Exxon has no plan to toll the gas through the infrastructure. But I suppose in the remote case that we or another company did want to toll the gas, my understanding and my expectation would be that the DNR would establish a value for royalty purposes And the DOR would do the same for tax value"
“Exxon has no plan to toll the gas through the infrastructure. But I suppose in the remote case that we or another company did want to toll the gas, my understanding and my expectation would be that the DNR would establish a value for royalty purposes And the DOR would do the same for tax value”
Through the chair, Senator, what I can tell you is that Exxon has no plan to toll the gas through the infrastructure. But I suppose in the remote case that we or another company did want to toll the gas, my understanding and my expectation would be that the DNR would establish a value for royalty purposes And the DOR would do the same for tax value. You know, I— on your point about who is here for oil and who is here for the gas, what I can tell you is ExxonMobil is in Alaska for both the oil and the gas, anything that is commercially viable. But we understand your concern, and what I can just tell you is we have no plans to to hold the gas. Our plan remains to sell the gas at the wellhead.
Three major North Slope producers told the Alaska Senate Finance Committee they signed gas sale precedent agreements for Alaska LNG Phase 1 and will sell at the lease line. That structure means midstream pipeline and treatment costs won't be deductible against oil production tax.
