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From: Douglas Grandt answerthecall@icloud.

com
Subject: Waha, Coyanosa via Trans Pecos & El Encino Pipelines to Topolobampo (edited)
Date: February 4, 2017 at 4:18 PM
To: Darren W. Woods Darren.W.Woods@ExxonMobil.com
Cc: William (Bill) M. Colton William.M.Colton@ExxonMobil.com, Suzanne M. McCarron Suzanne.M.McCarron@ExxonMobil.com,
Max Schulz max.schulz@exxonmobil.com

Dear Darren Woods,

Picture this (I am certain you can): Texas Permian Basin methane piped to a Mexican
LNG facility on the Gulf of California for export to Asia, in a pipeline built by a Mexican
billionaire who perpetuates the petroleum paradigm and makes profits for XTO possible.
Who gains from this? A couple of billionaires including Kelcy Warren and Carlos Slim.

Trans Pecos Pipeline (TPP) connects the Waha Gas Hub to the Transoceanic Terminal
at Topolobampo, Mexico:

Excerpts from the Big Bend Sentinel published February 11, 2016, connect the dots
from Waha to Topolobampo:
The Trans Pecos Pipeline is one of two pipeline projects from natural gas
consortium Energy Transfer Partners, an energy conglomerate headed by Dallas-
based billionaire oilman, Kelcey Warren.
Warrens partners are firms owned by the billionaire Carlos Slim, Mexicos richest
man and one of the worlds wealthiest businessmen.
The Trans Pecos Pipeline will connect the Waha natural gas hub, located at
Coyanosa in the Permian Basin near Pecos, to a Mexican pipeline known as El
Encino, which in turn connects to the Mexican port city of Topolobampo, Sinoloa,
located on the Pacific Coast near Los Mochis, the proposed site of a
liquification/regassification terminal.
With ExxonMobils recent acquisition from the Bass family, you surely have a major
stake and are a primary benefactor from the completion of the TPP. How do you
reconcile your continued blatant disregard for COP21/22 "1.5C aspiration with a
business plan that relies on unfettered growth of fossil fuel combustion?

It is disheartening to read the coverage of ExxonMobils press release


(Bit.ly/ExxMob17Jan17) in the Oil & Gas Journal (Bit.ly/OilGas16Jan17), CNBC
(Bit.ly/CNBC17Jan17), and Dallas News (Bit.ly/Dallas17Jan17). ExxonMobil, Energy
Transfer Partners and Carlos Sims are obviously in this for the long haulwhat, 40-50
years, or are the economics such that the asset life-spans are just a decade or two? At
what point will these assets be abandoned?

Oil & Gas Journal (Bit.ly/OilGas16Jan17) reported:

The Permian assets purchased from the Bass family will join the rest of Exxons
unconventional liquids portfolio managed by its subsidiary, XTO Energy, the
company said in the press release.

The company will make an upfront payment of $5.6 billion in ExxonMobil shares,
and a series of additional contingent cash payments totaling up to $1 billion, to be
paid beginning in 2020 and ending no later than 2032 commensurate with the
development of the resource. Using Mondays closing price of $86.35 per share
as a benchmark, the portion of the deal to be paid in equity will be made up of
approximately 64.9 million shares of the company.

The purchased companies hold about 275,000 acres of leasehold, and production
of more than 18 MBOEPD, about 70% of which is liquids, according to XOM. The
majority of the leasehold (250,000 acres) is in the Permian, the bulk of which is
contiguous, held-by-production units in the Delaware Basin, with more than 60
billion BOE estimate in place.

CNBC (Bit.ly/CNBC17Jan17) reported:

The world's biggest publicly traded energy company is joining the land rush in the
prolific Permian Basin.

Exxon Mobil announced Tuesday it will pay $5.6 billion in stock to acquire
companies owned by Texas' Bass family that control parts of the Permian in New
Mexico. The purchase roughly doubles Exxon's holdings in the basin adding
acreage with an estimated 3.4 billion barrels of oil equivalent.

The deal is the largest oil and gas acquisition in the United States since crude
prices crashed in November 2014, according to Houston-based oil and gas
research firm PLS. It tops the previous record-setting $4.4 billion purchase of
Memorial Resources by Range Resources in May.

Dallas News (Bit.ly/Dallas17Jan17) reported:

In a written statement, ExxonMobil Chairman Darren W. Wood described that


area as a dominant U.S. growth area for onshore oil production.

The purchase gives ExxonMobil a better economy of scale in that field to help
The purchase gives ExxonMobil a better economy of scale in that field to help
account for low oil prices. It's ExxonMobil biggest deal in six and a half years.

"By utilizing ExxonMobil's technological strength coupled with its unconventional


development capabilities we can drill the longest lateral wells in the Permian
Basin, reducing development costs and increasing reserve capture," according to
a statement attributed to Wood.

Given the 195-nation COP21/22 "1.5C aspiration, ExxonMobil owes it to the world, let
alone to America, to explain how you intend to wind down the petroleum industry, acting
in the Public Interest and National Interest with a smooth-landing endgame.

The world is watching, and people of conscience are running out of patience waiting for
our government to act in a responsible manner that ensures a healthy and happy future
with all-hands-on-deck effort to minimize the catastrophic impacts of worsening climate
disruptions. Leadership is, frankly, in your hands. Industry must take the reigns, morally,
thoughtfully and responsibly. You are the experts, and you have the skills and the
knowledge that, if used properly, can chart a course to a carbon-free energy future
quickly and aggressively. Retire refineries on a schedule certain, and that will force the
acceleration of carbon-free energy technology maturation, which will fill the supply-
demand gap and facilitate its over-taking the obsolete suicidal petroleum paradigm.

What is your plan to wind down operations?

Put your thousands of engineers and scientist (and economists) on the challenge.

Give the U.S. options and choices. Please! Or else!

It is a new game, now. There are new rules.

Please dont go down the wrong path.

Sincerely yours,

Doug Grandt

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