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Non-Tech : Williams Companies, Inc. (WMB) -- Ignore unavailable to you. Want to Upgrade?

To: Jan P who wrote (186)	3/28/2000 4:02:00 PM
From: samoyed	Respond to of 271

Exxon Mobil to sell 3 pct stake in Alaska pipeline March 28, 2000 03:32 PM IRVING, Texas, March 28 (Reuters) - Exxon Mobil Corp. XOM , the No. 1 U.S. oil company, said Tuesday it has agreed to sell a 3 percent stake in the Trans Alaska Pipeline to the Williams Co. WMB to meet the requirements of U.S. anti-trust regulators. Financial terms for the sale of Exxon Mobil's 3.08 percent stake in the pipeline were not disclosed, and closing of the deal is still subject to the preferential rights of other owners, as well as the opinion of anti-trust regulators. Exxon Mobil will retain a 20 percent interest in the 800-mile pipeline, which carries crude oil produced on Alaska's North Slope to the Valdez port. Exxon Mobil has until August to complete the divestitures required by the Federal Trade Commission for approval of its merger. It has yet to sell Exxon's Guam fuel marketing operations and either Mobil's share of the Colonial Pipeline or Exxon's share of the Plantation Pipeline, plus a long-term agreement for 12,000 barrels per day of Gulf Coast base oils. Energy and communications company Williams currently runs a refinery in the North Pole, a distribution terminal at the Port of Anchorage and 28 retail convenience stores. Shares of Exxon Mobil lost 5/16 to 76-3/16, while Williams was down 3-13/16 at 41-1/4 on the New York Stock Exchange. ((Paul Thomasch, New York Newsdesk 1 212 859-1889; fax 212 859-1629; email paul.thomasch@reuters.com)) REUTERS

To: Jan P who wrote (186)	3/29/2000 7:41:00 PM
From: samoyed	Respond to of 271

Interesting article and may explain some recent movement on WMB/WCG the past few days: Message 13309015 õ

To: Jan P who wrote (186)	3/29/2000 8:34:00 PM
From: Garlic Breath	Read Replies (4) \| Respond to 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.