HOUSTON, Dec. 17 /PRNewswire-FirstCall/ -- Frontier Oil Corporation
(NYSE: FTO) announced that it experienced a fire in the delayed coking unit
(coker) at its Cheyenne Refinery Saturday evening, December 15, 2007. Two
Frontier employees sustained minor injuries while fighting the fire.
Refinery personnel continue to assess the damage, but preliminary estimates
indicate the coker outage will be less than 30 days. The Company expects to
run the crude unit at reduced rates during the coker outage. When
available, the Company will post updated throughput estimates and
damage/outage assessments under the investor relations section of its
website at http://www.frontieroil.com.
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.
This press release includes "forward-looking statements" as defined by
the Securities and Exchange Commission. Such statements are those
concerning strategic plans, expectations and objectives for future
operations. All statements, other than statements of historical fact,
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/
CONTACT:
Doug Aron of Frontier Oil Corporation,
+1-713-688-9600, ext. 145
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