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8-K - FORM 8-K - Western Refining, Inc. | d78215e8vk.htm |
EXHIBIT 99.1
Investor and Analyst Contact:
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Media Contact: | |
Jeffrey
S. Beyersdorfer
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Gary Hanson | |
(915) 534-1400
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(915) 534-1400 |
WESTERN REFINING TO PARTICIPATE IN WELLS FARGO SECURITIES ENERGY CONFERENCE
EL PASO, Texas December 6, 2010 Western Refining, Inc. (NYSE:WNR) announced today that Company
management will present at the Wells Fargo Securities 9th Annual Pipeline, MLP and E&P,
Services and Utilities Symposium in New York City. The presentation is currently scheduled for
Wednesday, December 8, 2010. The presentation will be available beginning December 8,
2010, on the Investor Relations section of Western Refinings website at www.wnr.com and will be
archived and remain available until December 17, 2010. The presentation will also be webcast and a
link can be found on www.wnr.com.
About Western Refining
Western Refining, Inc. is an independent refining and marketing company headquartered in El Paso,
Texas. Western operates refineries in El Paso, and Gallup, New Mexico. Westerns asset portfolio
also includes refined products terminals in Albuquerque and Bloomfield, New Mexico and Yorktown,
Virginia, asphalt terminals in Phoenix and Tucson, Arizona, Albuquerque, and El Paso, retail
service stations and convenience stores in Arizona, Colorado, and New Mexico, a fleet of crude oil
and finished product truck transports, and wholesale petroleum products operations in Arizona,
California, Colorado, Nevada, New Mexico, Texas, and Utah. More information about the Company is
available at www.wnr.com.
Forward Looking Statement
The
presentation to be given contains forward-looking statements
which are protected as forward looking statements under the Private Litigation Securities
Reform Act of 1995. The forward-looking statements contained herein include statements about,
among other things, crude oil slates at our refineries including our ability to run increased
amounts of sour crude at our El Paso refinery, refined products supply and demand, future
refining margins and benchmark crack spreads, our ability to successfully convert Yorktown
facility storage and terminal assets to a terminal and storage facility and our ability to
successfully negotiate third-party terminalling and storage agreements and/or the sale of the
terminal assets at our Yorktown facility, a continued rebound in operating income for our
Wholesale group, continued growth in our Retail groups operating income, merchandise sales and
future organic growth of the Retail group, future operational improvements at our Gallup
refinery, acquisition of logistic assets in the Southwest, future reduction in working capital,
ability to achieve future Opex/SG&A initiatives, the renewal of our revolving credit facility,
future reductions of our term loan amount, future asset monetization opportunities, future
population growth in the Southwest, local, growing crude oil production, optimization of
regulatory capital expenditures, continued reliable and optimized and predictable plant
operations. These statements are subject to the general risks inherent in our business. Our
expectations may or may not be realized. Some of our expectations may be based upon assumptions
or judgments that prove to be incorrect. In addition, Westerns business and operations involve
numerous risks and uncertainties, many of which are beyond Westerns control, which could
materially affect Westerns financial condition, results of operations and cash flows.
Additional information relating to the uncertainties affecting Westerns business is contained
in its filings with the Securities and Exchange Commission to which you are
referred. The forward-looking statements are only as of the date made, and Western does not
undertake any obligation to (and expressly disclaims any obligation to) update any forward
looking statements to reflect events or circumstances after the date such statements were made,
or to reflect the occurrence of unanticipated events.