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Pacific Energy Partners, L.P. (NYSE:PPX), will release
its second quarter 2006 financial results on Wednesday, August 2,
2006, after the market closes. A conference call to discuss the
financial results and provide guidance for the third quarter and full
year 2006 will take place on Thursday, August 3, 2006, at 2:00 pm
Eastern Time. The dial in number for the live call is 800-446-1671 or
847-413-3362, and the passcode is 15182431.
The call will be available one hour after the end of the
conference call and can be replayed for one week by dialing
888-843-8996 or 630-652-3044 and using 15182431 as the passcode.
The call will also be available both live and via replay on the
Pacific Energy Partners, L.P. website at www.PacificEnergy.com.
About Pacific Energy:
Pacific Energy Partners, L.P. is a master limited partnership
headquartered in Long Beach, California. Pacific Energy is engaged
principally in the business of gathering, transporting, storing and
distributing crude oil, refined products and other related products.
Pacific Energy generates revenues by transporting such commodities on
its pipelines, by leasing capacity in its storage facilities and by
providing other terminaling services. Pacific Energy also buys and
sells crude oil, activities that are generally complementary to its
crude oil operations. Pacific Energy conducts its business through two
business units, the West Coast Business Unit, which includes
activities in California and the Philadelphia, PA area, and the Rocky
Mountain Business Unit, which includes activities in five Rocky
Mountain states and Alberta, Canada.
Investor Notice
Pacific Energy and Plains All American Pipeline, L.P. ("Plains")
have filed a joint proxy statement/prospectus and other documents with
the Securities and Exchange Commission with respect to the proposed
merger of Pacific Energy with and into Plains. Upon being declared
effective by the Securities and Exchange Commission, a definitive
joint proxy statement/prospectus will be sent to security holders of
Pacific Energy and Plains seeking their approval of the merger and
related transactions. Investors and security holders are urged to read
carefully the joint proxy statement/prospectus because it contains
important information, including detailed risk factors, regarding
Pacific Energy, Plains and the merger. Investors and security holders
may obtain a free copy of the definitive joint proxy
statement/prospectus, when it becomes available, and other documents
containing information about Pacific Energy and Plains, without
charge, at the SEC's web site at www.sec.gov. Copies of the definitive
joint proxy statement/prospectus, when it becomes available, and the
SEC filings that are incorporated by reference in the joint proxy
statement/prospectus may also be obtained free of charge by directing
a request to Pacific Energy or Plains. Pacific Energy or Plains and
the officers and directors of the respective general partners of
Pacific Energy or Plains may be deemed to be participants in the
solicitation of proxies from their security holders in connection with
the proposed transaction. Information about these persons can be found
in Pacific Energy's or Plains ' respective Annual Reports on Form 10-K
filed with the SEC, and additional information about such persons may
be obtained from the joint proxy statement/prospectus.
Cautionary Statement Regarding Forward-Looking Statements
This news release may include "forward-looking" statements within
the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
All statements other than statements of historical fact included or
incorporated herein may constitute forward-looking statements.
Although Pacific Energy believes that the forward-looking statements
are reasonable, it can give no assurance that such expectations will
prove to be correct. The forward-looking statements involve risks and
uncertainties that may affect Pacific Energy's operations and
financial performance. Among the factors that could cause results to
differ materially are those risks discussed in Pacific Energy's
filings with the Securities and Exchange Commission, including our
Annual Report on Form 10-K for the year ended December 31, 2005, and
the definitive joint proxy statement/prospectus referred to in this
press release.
For additional information about the partnership, please visit
www.PacificEnergy.com.