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Non-Tech : Williams Companies, Inc. (WMB)

WMB 59.04

+2.0%

Nov 3 3:59 PM EST

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To: Jan P who wrote (186)	3/29/2000 8:34:00 PM
From: Garlic Breath	Read Replies (4) of 271

A little more news from the Williams Web site. Williams Unit Completes Acquisition of Interest in Terminal TULSA-- A unit of Williams (NYSE: WMB) announced today that it has purchased a 50 percent ownership in a products terminal from CITGO Petroleum Corporation, increasing the number of terminals in which Williams has an ownership stake to 76 across the United States. Financial terms of the agreement were not disclosed. Conoco Inc. owns the other 50 percent of the terminal, which is located in Southlake, Texas, and has about 240,000 barrels of petroleum products storage. ?Our goal is to continue strengthening our terminal system and providing customers with easier access to petroleum products across the United States,? said Robb Barnes, Williams? manager of terminal services. ?This deal will allow us to offer our products and services to a larger customer base.? Products at the terminal include unleaded and premium gasoline, and low-and high-sulfur diesel fuel. The terminal receives products through Explorer Pipe Line, Ultramar Diamond Shamrock Pipeline and Koch Pipeline. Trucks then load products at the facility?s three-spot loading rack and deliver them to businesses such as gas stations and other retail outlets. Forty of Williams? 76 terminals are located on its 9,000-mile refined products pipeline system in the Midwest. The remaining 36 are located as far west as Phoenix and as far east as Richmond, Va.

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