HOUSTON, July 25 /PRNewswire-FirstCall/ -- Frontier Oil Corporation
(NYSE: FTO) announced today that it received a permit from the Wyoming
Department of Environmental Quality allowing the Company to increase its crude
capacity at its Cheyenne, Wyoming Refinery to 52,000 barrels per day (bpd) of
crude oil, up from 46,000 bpd. The new permit was effective July 22, 2005.
While Frontier expects to run as much of the new permitted capacity as
possible, the Company does not expect to continuously run at 52,000 bpd due to
existing crude oil pipeline constraints. The Company is working to resolve
these pipeline constraints. The new permitted capacity will immediately
provide Frontier with improved flexibility to respond to market opportunities
when crude oil is available.
Frontier operates a 110,000 barrel-per-day refinery located in El Dorado,
Kansas, and a 52,000 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 news release includes forward-looking statements concerning the
Company. These may include statements of plans or objectives for future
operations, statements about future economic performance or assumptions or
estimates. The accuracy of these forward-looking statements is subject to a
wide range of business risks and changes in circumstances that are described
in our reports that are filed from time to time with the Securities and
Exchange Commission. Actual results and outcomes often differ from
expectations.
SOURCE Frontier Oil Corporation
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Related links:
http://www.frontieroil.com
CONTACT:
Doug Aron of Frontier Oil Corporation,
+1-713-688-9600 x145
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