NEWS BULLETIN

February 16, 2001 --- Vol. 7, No. 18February 2001

Burden named president of Tesoro Alaska

Tesoro Petroleum Corp. of San Antonio, Texas, said Feb. 16 that Gene Burden has been named president of Tesoro Alaska Co., a wholly owned subsidiary of Tesoro Petroleum.

Burden will be responsible for all manufacturing, marketing and distribution activities for Tesoro Alaska.

He was previously senior vice president of governmental relations for Tesoro, and had earlier been with Tesoro for 11 years in several positions including senior vice president of marketing and operations.

Burden will report to Bill Van Kleef, executive vice president and chief operating officer for Tesoro Petroleum.

"Gene's familiarity with Alaska is expected to assist his management of Tesoro Alaska's community and government relations," Van Kleef said in a statement.

"And," he said, "we will continue to rely on his expertise for Tesoro's federal government relations."

Burden said he welcomed the opportunity to return to Alaska.

"I am very pleased to be rejoining our Tesoro Alaska team and plan to immediately begin the process of getting reacquainted with current issues and opportunities that will contribute to additional success for our operations," he said.

Burden holds bachelor's and master's degrees from the University of Texas at Arlington and a juris doctor degree from St. Mary's University in San Antonio. He is a member of both the Alaska and Texas bar associations.

Forest plans 13 Alaska wells in 2001

Forest Oil Corp. said Feb. 14 that it plans eight development and five exploratory wells in the Cook Inlet area in 2001.

The exploratory activity will be at the company's Redoubt Shoal project and development activity primarily in the West McArthur River field.

At Redoubt, where Forest has a 100 percent working interest, the company said the Redoubt Unit 1 well has been drilled to a total depth of 15,232 feet measured depth. The well is being logged and tested and the company anticipates that the well will be fully evaluated within seven days.

At West McArthur River, where Forest also has 100 percent working interest, the West McArthur River Unit 7 well is being drilled. The company said logging is expected late in the first quarter.


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