VLI Valero Lp

Valero L.P. (NYSE:VLI) announced today the election of longtime energy industry executive Dan Montgomery to its board of directors. "Dan brings to our partnership a wealth of experience in the pipeline industry as well as the energy industry in general," said Valero L.P. Chief Executive Officer Curt Anastasio. "Beginning with his work at Conoco through the present day, Dan has had a successful career in many different capacities. We are very pleased that he has agreed to join our board." Montgomery, 67, is director of new business development for Houston American Energy Corp. He has served as chairman of the board or chief executive officer of four other energy companies, including Seagull Energy Corp. and Commet Resources Inc., which he founded in 1984. A resident of Houston, where he is active in civic and charitable organizations, Montgomery holds a bachelor of business administration degree in economics and management from Texas A&M University. Montgomery replaces Robert A. Profusek, who resigned from the Valero L.P. board to accept a seat on the board of directors of Valero Energy Corporation. Valero Energy is the general partner of Valero L.P., a master limited partnership. About Valero L.P. Valero L.P. is a master limited partnership based in San Antonio, with 9,150 miles of pipeline, 94 terminal facilities and four crude oil storage facilities. One of the largest terminal and independent petroleum liquids pipeline operators in the nation, the partnership has terminal facilities in 25 U.S. states, Canada, Mexico, the Netherlands Antilles, the Netherlands, Australia, New Zealand and the United Kingdom. The partnership's combined system has approximately 77.6 million barrels of storage capacity, and includes crude oil and refined product pipelines, refined product terminals, petroleum and a specialty liquids storage and terminaling business, as well as crude oil storage tank facilities. For more information, visit Valero L.P.'s web site at www.valerolp.com.