Message-ID: <11749726.1075855590991.JavaMail.evans@thyme> Date: Mon, 7 May 2001 10:56:00 -0700 (PDT) From: ecenter@williams.com To: enl-dailyupdate-txt@estutenws11.energy.williams.com Subject: Williams Energy News Live -- today's video newscast Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: 7bit X-From: Energy News Live X-To: "Energy News Live Daily Update" X-cc: X-bcc: X-Folder: \Michael_Grigsby_Jun2001\Notes Folders\All documents X-Origin: Grigsby-M X-FileName: mgrigsb.nsf Energy News Live Daily Wrap-Up
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Dear Jennifer,

Two large mergers are done deals.? Valero Energy is buying rival Ultramar Diamond Shamrock for $4 billion in cash and the assumption of $2 billion in debt today.? The acquisition creates the second-largest refiner of petroleum products in the U.S. Williams Energy, parent company of ENL, also completed a $2.8 billion deal to buy Denver-based Barrett Resources.? The deal more than doubles Williams' natural gas reserves, and now makes Williams a producer and distributor of natural gas.? Today ENL brought you interviews with the CEOs from all four companies.? If you happened to miss it, log onto the ENL website and click on "video library" to see the interviews in full.

ENL's Washington Bureau Chief Jay Cranford leaves for California early tomorrow.? Jay is scheduled to cover the meeting between California Gov. Gray Davis and 12 energy companies.? The agenda of the meeting will include discussion of unpaid debts, credit and the supply of power in California. Log on for updates from California with ENL's Jay Cranford.

Tomorrow, the Houston bureau will report on the Rig Insight Company.? Kim Benestante tells us this company offers a web-based platform where other companies can access rig data such as day-rates and availability.? Be sure to catch this report from Houston tomorrow.? Later in the week, Kim will take a trip to Texas Southern University for an interview with Dr. Joshua Hill to talk about the University's solar technology department.? Kim says TSU has the largest solar lab facility in the South, and produces solar panels for use all over the world.? Log on Friday when ENL sheds some light on the solar panel issue.

Coming up tomorrow, Cook Inlet's Gregory Craig is scheduled to join us from our Houston bureau.? Craig will be in to discuss Cook Inlet's joint venture with Mirant.? We'll bring you all the details in the 10:00 a.m. EST broadcast.

This is a dynamic industry and things are subject to change at a moment's notice.? Occasionally guests cancel or change time slots.? We'll continue to do our best to keep you updated on future interviews and events.

Keep it on energynewslive.com for all your energy news. ???

 
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