Copyright Information
We have prepared this information to provide greater insight into Penreco's operations for a number of audiences including: customers, suppliers, employees, government officials, retirees and our community neighbors.

The operations, businesses, and properties described in this publication are owned and operated by Penreco or by various affiliates and subsidiaries of Penreco. The terms "Penreco," "company," "we," "our," and "its" when referring to these entities are used only for convenience and are not intended to be an accurate description of ownership, operation or corporate/legal relationships.

Subject to the following conditions, we invite you to use and distribute copies of these documents. Please restrict duplication of these web pages to non-profit educational purposes only. These web pages may not be reproduced or redistributed for commercial gain or other purposes. Further, except for non-profit education purposes, no derivative works may be made based on these web pages.

The copyright notice appearing at the bottom of each web page must appear on every copy of the documents or any portion thereof. For example, the notice at the bottom of the home page is "© Penreco, 2001, All Rights Reserved. Legal, Privacy and Security Notices.".

Except as provided in paragraph 1, corporate names and logos may not be altered or used without specific, prior written permission.

Except as noted above, no right or license is granted under any copyright, patent, or trademark contained within this document.

Penreco has provided this information on an "as is" basis without warranty of any kind, expressed or implied, including those of merchantability and fitness for a particular purpose, or arising from a course of dealing, usage or trade practice. Penreco makes no warranties or representations regarding the accuracy or completeness of the information and in no event shall be liable for any incidental or consequential damages, lost profits, or lost data, or any indirect damages.

Penreco
8701 New Trails Drive
Suite 175
The Woodlands, TX 77381

Main Phone: 281.362.3150
Main Fax: 281.362.3168

Disclosure Regarding Forward-Looking Information
Various pages on this web site contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1993, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Words such as "expects," "intends," "plans," "projects," "believes," "estimates," and similar expressions are used to identify such forward-looking statements. In addition, certain presentations available for viewing were created as of the dates indicated on such presentations and Penreco expressly disclaims any responsibility to update such presentations.

Forward-looking statements relating to Penreco's operations are based on management's expectations, estimates and projections about Penreco and the petroleum industry in effect on the date the statements were made. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Further, certain forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements.

Factors that could cause actual results of events to differ materially include, but are not limited to, crude oil and natural gas prices; refining and marketing margins; potential failure to achieve, and potential delays in achieving, expected production from existing and future oil and gas development projects; lack of exploration success; potential disruption or interruption of Penreco's production facilities due to accidents or political events; international monetary conditions and exchange controls; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation; and numerous other matters set forth in Penreco's periodic filings with the Securities and Exchange Commission. In addition, such statements could be affected by general domestic and international economic and political conditions, as well as changes in tax and other laws applicable to Penreco's business.

Privacy Notice
Penreco is committed to honoring the privacy of visitors to web sites owned and operated by Penreco or its affiliates.

When you submit a request or electronically pass information to Penreco you are sometimes asked to provide certain information, such as your name and email information. We ask for this in order to facilitate your requests, provide personalized services and communicate separately with you. We do not sell, trade, or rent your information, both personally identifiable and aggregate data, with any companies outside of Penreco. Your name and other personal information are only used to correspond with you.

"Cookies" are small pieces of information that are stored by your browser on your computer's hard drive. We use cookies to let you use our site more easily, and to let us keep track of certain statistical information that helps us improve our site. Our cookies do not contain personally identifying information.

If you have any questions or comments regarding privacy issues on the Penreco web site, please use the mailbox provided here. Contact Penreco about privacy.