Williams Energy Partners L.P. Declares Cash Distribution; First-Quarter Conference Call Scheduled for April 24

Apr 20, 2001, 01:00 ET from Williams Energy Partners L.P.

    TULSA, Okla., April 20 /PRNewswire Interactive News Release/ -- Williams
 Energy Partners L.P. (NYSE:   WEG) today declared a cash distribution of
 $0.292 per common and subordinated partnership unit for the period Feb. 10
 through March 31 in the first quarter.  This first distribution is a pro rata
 distribution as described in the company's initial prospectus.
     Feb. 9 was the closing date of the initial public offering of common units
 in the partnership.  The declared distribution equates on a pro rata basis to
 the $0.525 minimum quarterly distribution.
     The distribution will be paid May 15, 2001, to unit holders of record at
 the close of business on May 1, 2001.
     Williams Energy Partners L.P. is scheduled to announce earnings before the
 market opens on Tuesday, April 24.  An investor conference call with
 management regarding first quarter results is scheduled for April 24 at
 10 a.m. Eastern/9 a.m. Central.  To participate, call 1-800-521-5428 and
 request "WEG Earnings Call."  This event may also be accessed through
 www.williams.com.
     Digital replay of the conference call will be available through May 1.  To
 access the replay, call 1-800-625-5288.  The password for the automated prompt
 is 1012184.
 
     About Williams Energy Partners L.P.
     Williams Energy Partners L.P. was formed to own, operate and acquire a
 diversified portfolio of energy assets.  The partnership is engaged
 principally in the storage, transportation and distribution of refined
 petroleum products and ammonia.  The general partner of WEG is Williams
 (NYSE:   WMB), which specializes in a broad array of energy-related services,
 including energy marketing and trading and natural gas pipeline
 transportation.
 
     Portions of this document may constitute "forward-looking statements" as
 defined by federal law.  Although the Partnership believes any such statements
 are based on reasonable assumptions, there is no assurance that actual
 outcomes will not be materially different.  Any such statements are made in
 reliance on the "safe harbor" protections provided under the Private
 Securities Reform Act of 1995.  Additional information about issues that could
 lead to material changes in performance is contained in the Partnership's Form
 10-K for the year 2000 filed with the Securities and Exchange Commission.
 This news release is not an offer to sell, nor the solicitation of any offer
 to buy, any securities.  Any offer will be made only by means of a prospectus
 that would be registered with the Securities and Exchange Commission.
 
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SOURCE Williams Energy Partners L.P.
    TULSA, Okla., April 20 /PRNewswire Interactive News Release/ -- Williams
 Energy Partners L.P. (NYSE:   WEG) today declared a cash distribution of
 $0.292 per common and subordinated partnership unit for the period Feb. 10
 through March 31 in the first quarter.  This first distribution is a pro rata
 distribution as described in the company's initial prospectus.
     Feb. 9 was the closing date of the initial public offering of common units
 in the partnership.  The declared distribution equates on a pro rata basis to
 the $0.525 minimum quarterly distribution.
     The distribution will be paid May 15, 2001, to unit holders of record at
 the close of business on May 1, 2001.
     Williams Energy Partners L.P. is scheduled to announce earnings before the
 market opens on Tuesday, April 24.  An investor conference call with
 management regarding first quarter results is scheduled for April 24 at
 10 a.m. Eastern/9 a.m. Central.  To participate, call 1-800-521-5428 and
 request "WEG Earnings Call."  This event may also be accessed through
 www.williams.com.
     Digital replay of the conference call will be available through May 1.  To
 access the replay, call 1-800-625-5288.  The password for the automated prompt
 is 1012184.
 
     About Williams Energy Partners L.P.
     Williams Energy Partners L.P. was formed to own, operate and acquire a
 diversified portfolio of energy assets.  The partnership is engaged
 principally in the storage, transportation and distribution of refined
 petroleum products and ammonia.  The general partner of WEG is Williams
 (NYSE:   WMB), which specializes in a broad array of energy-related services,
 including energy marketing and trading and natural gas pipeline
 transportation.
 
     Portions of this document may constitute "forward-looking statements" as
 defined by federal law.  Although the Partnership believes any such statements
 are based on reasonable assumptions, there is no assurance that actual
 outcomes will not be materially different.  Any such statements are made in
 reliance on the "safe harbor" protections provided under the Private
 Securities Reform Act of 1995.  Additional information about issues that could
 lead to material changes in performance is contained in the Partnership's Form
 10-K for the year 2000 filed with the Securities and Exchange Commission.
 This news release is not an offer to sell, nor the solicitation of any offer
 to buy, any securities.  Any offer will be made only by means of a prospectus
 that would be registered with the Securities and Exchange Commission.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X38880375
 
 SOURCE  Williams Energy Partners L.P.