HOUSTON, Jan. 20 /PRNewswire-FirstCall/ -- Frontier Oil Corporation
(NYSE: FTO) announced that it experienced a fire in the furnaces in its coking
unit at its Cheyenne Refinery yesterday afternoon, January 19th. All
personnel have been accounted for. No injuries have been reported with the
exception of one case of smoke inhalation. The fire was under control within
15 minutes by the Frontier fire brigade with the outstanding support of the
local Cheyenne Fire Department. The fire was confined to the coking unit
furnaces and no other units suffered any damage and are operating normally.
The cause of the fire is still being investigated.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010411/FTOLOGO )
The coking unit will be out of service until the furnaces can be repaired.
We estimate that the coking unit can be returned to service in approximately
30 days. Consequently, we may reduce the crude charge rate during this period
depending on crude availability.
Frontier's Chairman, President and CEO, James Gibbs, commented, "Anytime a
fire occurs in a refinery it is a serious matter for all concerned,
particularly our employees and communities. I am very relieved that we only
experienced one minor medical case. We are thankful for the timely response
of both our fire brigade as well as the local fire department. We will be
working diligently to return the coking unit to service as quickly as
possible."
Frontier operates a 110,000 barrel-per-day refinery located in El Dorado,
Kansas, and a 46,000 barrel-per-day refinery located in Cheyenne, Wyoming, and
markets its refined products principally along the eastern slope of the Rocky
Mountains and in other neighboring plains states. Information about the
Company may be found on its web site http://www.frontieroil.com .
This press release includes "forward-looking statements" as defined by the
Securities and Exchange Commission. Such statements include those concerning
contemplated transactions, strategic plans, expectations and objectives for
future operations. All statements, other than statements of historical facts,
included in this press release that address activities, events or developments
that the Company expects, believes or anticipates will or may occur in the
future are forward-looking statements. These statements are based on certain
assumptions made by the Company based on its experience and perception of
historical trends, current conditions, expected future developments and other
factors it believes are appropriate in the circumstances. Such statements are
subject to a number of assumptions, risks and uncertainties, many of which are
beyond the control of the Company. Investors are cautioned that any such
statements are not guarantees of future performance and that actual results or
developments may differ materially from those projected in the forward-looking
statements.
SOURCE Frontier Oil Corporation
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Related links:
http://www.frontieroil.com
Photo Notes:
NewsCom:
http://www.newscom.com/cgi-bin/prnh/20010411/FTOLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
Company News On-Call:
http://www.prnewswire.com/comp/118801.html
CONTACT:
Doug Aron of Frontier Oil Corporation,
+1-713-688-9600, ext. 145
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