Williams Energy Partners L.P. Signs Agreement With Southwest Airlines

Apr 24, 2001, 01:00 ET from Williams Energy Partners L.P.

    TULSA, Okla., April 24 /PRNewswire Interactive News Release/ -- Williams
 Energy Partners L.P. (NYSE:   WEG) has signed a letter of intent to provide jet
 fuel delivery services into Dallas Love Field for Southwest Airlines
 (NYSE:   LUV).
     Williams Energy Partners recently purchased a 6-mile pipeline that will
 enable connection of its existing Dallas area petroleum storage and
 distribution facility to Love Field.  The connection to the partnership's
 delivery network will make product available to Southwest by both pipeline and
 truck transportation.
     Williams Energy Partners also announced plans to build additional jet fuel
 storage at its distribution facility in Dallas to support delivery of jet fuel
 to the airport.
     Phil Wright, president of Williams Energy Partners L.P., said, "We're
 thrilled to expand Williams' relationship with Southwest Airlines.  This
 project will bring additional supply security to one of the nation's top
 airlines and give us the potential to increase our partnership's cash
 distribution by almost 5 cents per unit in early 2002 when construction is
 completed."
     Williams Energy Partners L.P. completed its initial public offering on
 Feb. 9.  The partnership announced on Friday its first cash distribution of
 $0.292 per common unit for the period Feb. 10 through March 31, representing a
 partial quarter.  The minimum distribution for a full quarter is $0.525 per
 quarter, equating to an annualized rate of $2.10 per unit.
 
     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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                http://tbutton.prnewswire.com/prn/11690X12653267
 
 

SOURCE Williams Energy Partners L.P.
    TULSA, Okla., April 24 /PRNewswire Interactive News Release/ -- Williams
 Energy Partners L.P. (NYSE:   WEG) has signed a letter of intent to provide jet
 fuel delivery services into Dallas Love Field for Southwest Airlines
 (NYSE:   LUV).
     Williams Energy Partners recently purchased a 6-mile pipeline that will
 enable connection of its existing Dallas area petroleum storage and
 distribution facility to Love Field.  The connection to the partnership's
 delivery network will make product available to Southwest by both pipeline and
 truck transportation.
     Williams Energy Partners also announced plans to build additional jet fuel
 storage at its distribution facility in Dallas to support delivery of jet fuel
 to the airport.
     Phil Wright, president of Williams Energy Partners L.P., said, "We're
 thrilled to expand Williams' relationship with Southwest Airlines.  This
 project will bring additional supply security to one of the nation's top
 airlines and give us the potential to increase our partnership's cash
 distribution by almost 5 cents per unit in early 2002 when construction is
 completed."
     Williams Energy Partners L.P. completed its initial public offering on
 Feb. 9.  The partnership announced on Friday its first cash distribution of
 $0.292 per common unit for the period Feb. 10 through March 31, representing a
 partial quarter.  The minimum distribution for a full quarter is $0.525 per
 quarter, equating to an annualized rate of $2.10 per unit.
 
     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/11690X12653267
 
 SOURCE  Williams Energy Partners L.P.